HSINCHU - ChipMOS TECHNOLOGIES INC. (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), a prominent provider of outsourced semiconductor assembly and test services, has announced a 23.6% increase in its February 2024 revenue compared to the same month last year. The revenue for February stood at NT$1,777.1 million or approximately US$56.2 million, based on the exchange rate of NT$31.62 to US$1.00 as of February 29, 2024.
The company also reported a month-over-month revenue growth of 4.0%, despite the Lunar New Year holiday leading to fewer working days in February compared to January. This growth is attributed to the company's performance in the memory segment, which has seen industry-wide improvements, inventory stabilization, and a rebound in demand. These factors have helped to counterbalance the impact of inventory rebalancing by customers in various end markets.
ChipMOS's operations span several advanced facilities in Taiwan, including locations within Hsinchu Science Park, Hsinchu Industrial Park, and Southern Taiwan Science Park. The company is recognized for its history of innovation and excellence, offering comprehensive assembly and test services to a diverse range of clients including fabless semiconductor companies, integrated device manufacturers, and independent semiconductor foundries globally.
The information in this article is based on a press release statement from ChipMOS TECHNOLOGIES INC. The forward-looking statements included in the press release indicate the company's expectations and projections for future operations and performance. However, actual outcomes may differ due to various factors, as noted in the company's filings with the U.S. Securities and Exchange Commission and its most recent Annual Report on Form 20-F.
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