ChipMOS reports January revenue $44.3M, down 41.5%

The company noted that its January revenue reflects continued macro weakness, inventory adjustments at customers in response to end market demand levels and a fewer number of work days in the month due to the Lunar New Year Holiday. The Ccompany believes it is well positioned for when the situation improves given its higher exposure to non-consumer segments, its prior actions taken to improve operational efficiency and its strong balance sheet.