ChipMOS Q4 Revenue Increase 22.2% Y/Y To NT$5.725B Or $187M; December Revenue Up 21.1% Y/Y To NT$1.881B Or $61.4M
Portfolio Pulse from Benzinga Newsdesk
ChipMOS reported a 22.2% year-over-year increase in Q4 revenue, reaching NT$5.725 billion or $187 million. December revenue also rose by 21.1% compared to the previous year, amounting to NT$1.881 billion or $61.4 million. The growth was attributed to improvements in the broader memory industry.
January 10, 2024 | 11:05 am
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ChipMOS Technologies reported significant revenue growth in Q4 and December 2023, indicating a strong performance in the memory sector.
The reported revenue growth for ChipMOS is a strong indicator of the company's performance and is likely to be viewed positively by investors. The specific mention of improvements in the memory industry suggests that the company is benefiting from broader market trends, which could lead to increased investor confidence and a potential rise in stock price in the short term.
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IMPORTANCE 90
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