ChipMOS Technologies Inc. delivered exceptional first-quarter results as high-performance computing (HPC) chip testing demand propelled profits to record levels.
The Taiwanese semiconductor testing provider reported NT$1.15 billion ($35.1 million) in revenue for the January-March period, a 71% jump from a year earlier, according to a board meeting statement Monday. Net income attributable to the parent company reached NT$221 million, surging 1,480% year-on-year with earnings per share of NT$6.75.
Despite the impressive performance, quarterly revenue declined 11% from the previous three months, while net income fell 31% sequentially. Gross margin stood at 53.8%, down 1.9 percentage points from the prior quarter but up 2.9 percentage points year-on-year.
The company indicated that HPC testing board demand remains stable entering the second quarter. However, it’s adopting a more cautious approach amid economic uncertainty stemming from new US tariff policies. ChipMOS has temporarily slowed expansion of its Taoyuan third plant, prioritizing a “cash is king” strategy.
Management plans to focus available funds on shareholder dividends, research and development for AI advanced testing probe cards, and market expansion.
