ChipMOS Technologies: Q4 and Full Year 2024 Financial Results
ChipMOS Technologies Inc., a leading provider of outsourced semiconductor assembly and test services, recently reported its consolidated financial results for the fourth quarter and the full year ended December 31, 2024. The company’s financial performance showed significant improvements compared to the previous year.
Financial Highlights
The full year 2024 revenue increased by 6.3% compared to the prior year, reaching NT$128.8 billion or US$4.3 billion. Gross margin for the same period expanded by 13.0% to NT$34.8 billion or US$1.19 billion.
Net earnings per basic common share for the full year 2024 were NT$1.95 or US$0.67, a decrease from NT$2.60 or US$0.92 per share in 2023. However, net earnings per basic ADS were NT$1.19 or US$0.42, an improvement from NT$1.59 or US$0.55 per ADS in the previous year.
Strong Financial Position and Dividend
ChipMOS reported a strong financial position with a balance of NT$15,219.0 million or US$464.1 million in cash and cash equivalents. The company also authorized a dividend of NT$1.2 per common share, pending shareholder approval at the May 2025 Annual General Meeting (AGM).
Share Repurchase Program
Additionally, ChipMOS announced a NT$350 million (US$11.7 million) share repurchase program. This program aims to enhance shareholder value by reducing the number of outstanding shares.
Impact on Individuals
The financial results of ChipMOS may not have a direct impact on individuals unless they are shareholders of the company. However, the announcement of a dividend and a share buyback program could potentially benefit existing shareholders. The dividend payment, once approved, would result in additional income for shareholders. The share buyback program could lead to an increase in the stock price due to reduced supply and increased demand.
Impact on the World
ChipMOS’s strong financial performance and positive financial moves are significant for the semiconductor industry as a whole. The company’s success in expanding its gross margin and generating substantial cash reserves demonstrates its ability to adapt to market conditions and maintain a competitive edge. This could potentially lead to further innovation and growth in the semiconductor industry, benefiting various businesses and consumers that rely on semiconductor technology.
Conclusion
ChipMOS Technologies reported impressive financial results for the fourth quarter and full year 2024, with significant improvements in revenue, gross margin, and net earnings per ADS. The company’s strong financial position and positive moves, such as the dividend and share buyback program, demonstrate its commitment to enhancing shareholder value. The semiconductor industry could benefit from ChipMOS’s success, potentially leading to further innovation and growth.
- ChipMOS reported significant improvements in financial performance for the full year 2024.
- Revenue increased by 6.3% to NT$128.8 billion or US$4.3 billion.
- Gross margin expanded by 13.0% to NT$34.8 billion or US$1.19 billion.
- Net earnings per basic common share decreased to NT$1.95 or US$0.67.
- Net earnings per basic ADS improved to NT$1.19 or US$0.42.
- ChipMOS reported a strong financial position with NT$15,219.0 million or US$464.1 million in cash and cash equivalents.
- The company authorized a dividend of NT$1.2 per common share, pending shareholder approval.
- A NT$350 million (US$11.7 million) share repurchase program was announced.
- The financial results and positive moves could benefit ChipMOS shareholders and potentially the semiconductor industry.
