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ChipMOS Technologies February Revenues Down 31.5% Year-over-year
(RTTNews) - Semiconductor company ChipMOS Technologies Inc. (IMOS) reported Friday that revenue for the month of February declined 31.5 percent to NT$1.44 billion or $46.8 million from NT$2.10 billion or $68.3 million in the prior-year quarter. It also increased 8.1 percent sequentially from January.
The company said this represents the first month over month revenue increase since June 2022 as it continues to navigate macroeconomic weakness and work with customers on inventory adjustments.
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ChipMOS Technologies Q4 Revenues Down 31.0% Year-over-year
Semiconductor company ChipMOS Technologies Inc. (IMOS) reported Tuesday that revenue for the fourth quarter declined 31.0 percent to NT$4.69 billion or $152.5 million from NT$6.79 billion or $221.0 million in the prior-year quarter. It also decreased 10.8 percent sequentially from the third quarter.
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European Markets Slide On Middle East Concerns
The major European markets slumped on Friday as heightened Middle East tensions offset encouraging inflation data from Germany and France.
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U.S. Consumer Sentiment Improves Much More Than Expected In June
Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
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CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers
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Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
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Eurozone Trade Surplus Declines To 3-Month Low
Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
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