ChipMOS Technologies Inc. 2024 Financial Report: Resilience Amid Q4 Revenue Decline
Key Information from ChipMOS Technologies Inc. Financial Report (Form 6-K)
- Report Overview:
- Type: 6-K filing
- Company: ChipMOS Technologies Inc.
- Date of Report: January 10, 2025
- Principal Office Location: Hsinchu Science Park, Hsinchu, Taiwan
- Commission File Number: 001-37928
- Financial Performance:
- Full Year 2024 Revenue Growth: Approximately 6.3% increase compared to 2023.
- Fourth Quarter 2024 Revenue:
- Total: NT$5,399.6 million (US$164.7 million)
- Decrease:
- 5.7% year-over-year from Q4 2023
- 11.0% quarter-over-quarter from Q3 2024
- December 2024 Revenue:
- Total: NT$1,780.1 million (US$54.3 million)
- Decrease:
- 3.0% month-over-month from November 2024
- 5.4% year-over-year from December 2023
- Revenue Insights:
- The company attributes the quarterly revenue decline to macro industry pricing and demand challenges, despite the overall positive growth in 2024, indicating strong performance in core markets.
- Quarterly Revenue Breakdown:
- Q4 2024: NT$5,399.6 million, down from NT$6,068.0 million in Q3 2024 and NT$5,725.4 million in Q4 2023.
- Monthly Revenue Trend: December 2024 shows signs of decline compared to both November and December of the previous year.
- Forward-Looking Statements:
- The report includes forward-looking statements regarding expectations for future financial performance, indicating possible variations from projected results due to various risks and uncertainties.
- Contact Information:
- Investor Relations in Taiwan: Jesse Huang, +886-6-5052388 ext. 7715, IR@chipmos.com
- Investor Relations in the U.S.: David Pasquale, Global IR Partners, +1-914-337-8801, dpasquale@globalirpartners.com
- Industry Context:
- ChipMOS is positioned as a leading provider in the outsourced semiconductor assembly and test services (OSAT) sector, reflecting its substantial market presence and operational capabilities in Taiwan.
Conclusion: ChipMOS Technologies Inc. reported a solid full-year revenue growth for 2024, despite facing declines in the fourth quarter and December. The company is navigating a challenging pricing and demand environment while maintaining a strong position in its core markets. The forward-looking statements suggest cautious optimism as the company aims to overcome industry headwinds.