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ChipMOS raising prices due to higher costs and demand

ChipMOS raising prices due to higher costs and demand
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ChipMOS upbeat as chip demand hikes sales prices

ChipMOS upbeat as chip demand hikes sales prices
By Lisa Wang / Staff reporter
ChipMOS Technologies Inc (南茂科技), a display driver IC and memorychip tester and packager, yesterday forecast significant revenue growth for this year as it plans to raise its prices again to reflect the higher cost of copper and other raw materials following strong semiconductor demand.
The Hsinchu-based firm has raised its prices an average of 5 to 8 percent since the fourth quarter of last year, it said, adding that the increases were also due to a lack of testing and packaging capacity.
Strong demand for ChipMOS’ services is continuing from last quarter, leading the company to expect revenue this year to increase 15 to 20 percent from NT$23.01 billion (US$823.2 million) last year. ....

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ChipMOS expects revenue increase this year

ChipMOS Technologies Inc (南茂科技), a driver IC and memorychip tester and packager, expects revenue to increase by a double-digit percentage this year, fueled by strong demand and price hikes amid a supply crunch, company chairman Cheng Chih-chieh (鄭世杰) told an investors’ teleconference yesterday.
“We are quite bullish about ChipMOS’ business outlook this year, as the company is benefiting from improving semiconductor demand and short chip supply,” Cheng said. “We expect to see good growth momentum for our two major products memorychip packaging and testing services, and display drive ICs.”
Gross margin would rise from 21.9 percent last year, he said.
ChipMOS’s optimism ....

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