ChipMOS reports 15.4% revenue growth in August 2024
- In August 2024, ChipMOS reported a revenue of NT$2,115.8 million (US$66.2 million), reflecting a 2.5% increase from July and a 15.4% increase from the previous year.
- The growth was driven by improved utilization rates and strong demand for DDIC products, alongside healthy inventory levels.
- This positive performance indicates a recovery and expansion for ChipMOS in the competitive semiconductor market.
ChipMOS TECHNOLOGIES INC., a leading provider of outsourced semiconductor assembly and test services, reported its unaudited consolidated revenue for August 2024. The company achieved a revenue of NT$2,115.8 million (approximately US$66.2 million), marking a 2.5% increase from July 2024 and a significant 15.4% rise compared to August 2023. This growth is attributed to a slight improvement in utilization rates and strong demand for DDIC products, alongside healthy inventory levels across the industry. The revenue figures reflect a positive trend for ChipMOS, indicating a recovery in the semiconductor market. The company operates advanced facilities in key technology parks in Taiwan, which have contributed to its reputation for excellence and innovation in the OSAT sector. The increase in revenue is a promising sign for the company as it navigates the competitive landscape of semiconductor services. ChipMOS's performance in August is part of a broader recovery trend in the semiconductor industry, which has faced challenges in recent years. The company’s ability to adapt to market demands and maintain efficient operations has positioned it well for future growth. The reported figures suggest that ChipMOS is not only recovering but also expanding its market presence. Looking ahead, ChipMOS remains optimistic about its future performance, driven by ongoing demand for its services and products. The company’s strategic focus on innovation and operational excellence will be crucial as it aims to sustain this growth trajectory in the coming months and years.