ChipMOS reports revenue growth in Q3 2024 amid September decline

ChipMOS TECHNOLOGIES INC., a leading provider of outsourced semiconductor assembly and test services, released its financial results for September 2024 and the third quarter of the year. The company reported a consolidated revenue of NT$6,068.0 million (approximately US$191.7 million) for the third quarter, reflecting a 4.4% increase from the previous quarter and an 8.7% increase compared to the same period in 2023. This growth is attributed to strong demand in the company's DDIC business segment. Despite the positive quarterly results, the revenue for September 2024 was NT$1,888.9 million (around US$59.7 million), which represented a significant decrease of 10.7% from August 2024 and a slight decline of 1.2% from September 2023. This drop in monthly revenue raises concerns about the company's performance in the short term, especially in light of the overall growth seen in the third quarter. ChipMOS operates advanced facilities in various science parks across Taiwan, which have contributed to its reputation for excellence and innovation in the semiconductor industry. The company continues to navigate the complexities of supply and demand in the market, which can impact its revenue streams. Looking ahead, ChipMOS's management remains optimistic about future growth, although they acknowledge the potential risks and uncertainties that could affect their performance. The company has indicated that it will continue to monitor market conditions closely and adjust its strategies accordingly to maintain its competitive edge.