Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Semiconductor Company ChipMOS Records Highest Revenue in a Month

- Advertisement -

It’s revenue for the month of October 2020 was NT$2,068.7 million (US$72.4 million). The same represents an increase of nine per cent as compared to September 2020

ChipMOS Technologies INC. (ChipMOS), an industry provider of outsourced semiconductor assembly and test services, has reported consolidated financial results for the third quarter ended 30 September 2020. The company’s revenue for the third quarter of 2020 was NT$5,686.1 million (US$196.4 million). These figures represent an increase of 4.8 per cent from NT$5,428.1 million (US$187.5 million) in the second quarter of 2020 and an increase of 5.3 per cent from NT$5,399.1 million (US$186.5 million) for the same period in 2019.

The third quarter of 2020 represents a six year high quarterly revenue level. The company’s net non-operating expenses in third quarter of 2020 were US$6.2 million. The difference between the third quarter and the second quarter of 2020, as ChipMOS noted, is mainly due to an increase of the share of loss of associates accounted for using equity method, which was partially offset by a decrease of foreign exchange loss.

- Advertisement -

It’s revenue for the month of October 2020 was NT$2,068.7 million (US$72.4 million). The same represents an increase of nine per cent as compared to September 2020 and an increase of 8.9 per cent compared to October 2019.

“This represents a record monthly high revenue level, with approximately nine per cent sequential and year over year revenue growth. ChipMOS continues to benefit from increasing demand in its memory and DDIC businesses, led by continued growth in the Company’s smart mobile and consumer markets, with stability in its computing, and automotive and industrial markets,” read ChipMOS’ official statement.

ChipMOS’ revenue for the month of August 2020 was NT$1,902.5 million (US$64.8 million), an increase of 0.8 per cent as compared to July 2020 and a decrease of 0.5 per cent compared to August 2019. The company had then noted that it was benefiting from increased DDIC and bumping demand driven by new HD-grade smartphone models, along with large- and mid-size panels to meet TDDI, TV, notebook tablet growth, respectively. Wafer test capacity of high end platform for DDIC is almost fully utilized due to increased demand combined with required longer TDDI test times.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Element14 Unveils Murata’s UWB And LoRa Modules 

0
These modules offer high location accuracy, compact design, and integrated MCU options, making them ideal for a wide range of IoT applications, including asset...

Indian Smartphone Market Grows 1% in Q2 2024

0
Owing to diminished seasonal demand and extreme weather conditions in certain regions, the Indian smartphone market saw a humble 1% growth in the second...
Saurav Kumar Singh, the Founder of Elecbits

“We Aim To Attract Companies From The US And UK To Manufacture In India...

0
In a discussion with EFY’s Nitisha, Saurav Kumar Singh, the Founder of Elecbits, elaborates on its design and manufacturing procedures. Additionally, he highlights a...

Buzz

ChipEdge Appoints Damodaran Subramanian As New CEO

0
Eyeing to strengthen leadership capabilities as the company plans expansion, Indian semiconductor producer ChipEdge designated Damodaran Subramanian as CEO. Last week, Bengaluru-based semiconductor company ChipEdge...

India’s PM Surya Ghar Scheme Accelerates Solar Energy Adoption

0
The PM Surya Ghar Scheme aims to install solar rooftops on 1 crore households, driving India's move towards sustainable energy with $750 billion allocated. Under...

Airbus And Tata Launch ‘Made in India’ Helicopter

0
With an aim to increase its global footprint and bolster the Indian aerospace ecosystem—Airbus partners with Tata Group to launch India's first H125 helicopter...

Important Sectors

ChipEdge Appoints Damodaran Subramanian As New CEO

0
Eyeing to strengthen leadership capabilities as the company plans expansion, Indian semiconductor producer ChipEdge designated Damodaran Subramanian as CEO. Last week, Bengaluru-based semiconductor company ChipEdge...

India’s PM Surya Ghar Scheme Accelerates Solar Energy Adoption

0
The PM Surya Ghar Scheme aims to install solar rooftops on 1 crore households, driving India's move towards sustainable energy with $750 billion allocated. Under...

Airbus And Tata Launch ‘Made in India’ Helicopter

0
With an aim to increase its global footprint and bolster the Indian aerospace ecosystem—Airbus partners with Tata Group to launch India's first H125 helicopter...

Raja Manickam Secures $5 Million For Ivp Semiconductor Startup

0
Eyeing local innovations in chip production, semiconductor industry veteran Raja Manickam secured a $5 million fund for startup iVP Semi to develop testing facilities...

Indian Smartphone Market Grows 1% in Q2 2024

0
Owing to diminished seasonal demand and extreme weather conditions in certain regions, the Indian smartphone market saw a humble 1% growth in the second...

Manufacturing

Mother-board-electronic-components

MeitY Announces $350 Billion PLI Plan To Boost Electronics Sub-Assemblies

0
MeitY announces allocation of $350 billion for a new PLI scheme, aiming to make India a global hub for electronics components and boost exports...

NITI Aayog Report Urges To Boost Electronics Global Value Chain

0
Aiming for the country to become a global hub for electronics manufacturing, the recent report by NITI Aayog called for interventions, analysing India’s position...

HPL Electric Teams with G Ramway To Make Relay Switches

0
Eyeing India’s self-sufficiency goals, smart meter manufacturer HPL Electric has inked a deal with China-based G-Ramway Technology to boost local manufacturing off switches. Last week,...

Sparsh CCTV Invests $3 Billion To Boost Manufacturing

0
Sparsh CCTV invested $3 billion to enhance production capacity, aligning with 'Make in India' for surveillance equipment, focusing on scaling operations in Kashipur. Sparsh CCTV ...

Cooper Standard Launches Ecoflow For Electric Vehicles

0
This scalable fluid control technology, which can be used across various powertrains, is particularly effective for managing the intricate glycol thermal needs of fully...