ChipMOS REPORTS 23.6% INCREASE IN FEBRUARY 2024 REVENUE YEAR OVER YEAR

Core Viewpoint - ChipMOS Technologies Inc. reported a significant increase in revenue for February 2024, driven by improvements in the memory segment and demand recovery across the industry [1][2]. Financial Performance - The unaudited consolidated revenue for February 2024 was NT$1,777.1 million (US$56.2 million), marking a 4.0% increase from January 2024 and a 23.6% increase from February 2023 [2][3]. - The revenue growth was attributed to improved inventory stabilization and demand recovery, which offset the impact of fewer working days due to the Lunar New Year holiday and ongoing inventory rebalancing at customer sites [2][3]. Company Overview - ChipMOS is recognized as an industry leader in outsourced semiconductor assembly and test services (OSAT), with advanced facilities located in Hsinchu Science Park, Hsinchu Industrial Park, and Southern Taiwan Science Park [4]. - The company provides comprehensive assembly and test services to a wide range of clients, including fabless semiconductor companies, integrated device manufacturers, and independent semiconductor foundries, serving virtually all end markets globally [4].