olivLaw · US equity research
ChipMOS TECHNOLOGIES INC IMOS
Semiconductors & Related Devices · SIC 3674 · Vertical: Semiconductors & Related Devices (SIC 3674)
ChipMOS TECHNOLOGIES INC is one of the leading independent providers of semiconductor assembly and testing services, focused on display panel driver chips and memory and logic/mixed-signal products, with facilities in Taiwan. Consolidated revenue in 2025 was NT$23,933 million, or US$763 million, while high-value memory demand linked to data centers and AI has offset softness in some consumer end markets.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 05 Nov 2026, ChipMOS TECHNOLOGIES INC (IMOS) stock was 42.40 USD (−17.17% on the day), with market capitalisation 29.7 bn USD, P/E 676.0, dividend yield 0.13%, beta 1.38, 52-week range 21.91–83.30 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 26.2
- oversold (≤ 30)
- Bollinger (20, 2)
- 43.98 – 77.14
- below the lower band · %B -0.05 · band width 54.8%
- SMA 50 / 200
- 62.59 / 52.96
- mixed trend
- MACD (12, 26, 9)
- -4.55 / -2.69
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −45.9% | −1.1% | −44.8 pp | — |
| 3 months | −19.4% | −0.5% | −19.0 pp | — |
| 6 months | −28.7% | +4.4% | −33.1 pp | — |
| Year to date | +43.1% | +12.3% | +30.8 pp | — |
| 1 year | +96.1% | +13.5% | +82.6 pp | +35.9% |
| 3 years | +80.5% | +76.4% | +4.1 pp | +55.4% |
| 5 years | +25.3% | +63.7% | −38.4 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
EPS unavailable in the issuer's structured filings (e.g. a partnership reports per unit, not per share).
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 605.3 m | 603.7 m | 680.0 m | 819.5 m | 987.7 m | 765.3 m | 697.5 m | 692.2 m |
| Revenue YoY | unavailable | −0.3% | +12.6% | +20.5% | +20.5% | −22.5% | −8.9% | −0.8% |
| Net income | 2.8 bn | 1.3 bn | 2.5 bn | 84.7 m | 178.0 m | 111.9 m | 64.3 m | 43.9 m |
| Net income YoY | +99.6% | −52.6% | +89.2% | −96.6% | +110.1% | −37.1% | −42.6% | −31.7% |
| Diluted EPS | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | 462.1% | 219.6% | 368.9% | 10.3% | 18.0% | 14.6% | 9.2% | 6.3% |
| Free cash flow | -17.7 m | -818.0 k | 18.1 m | 70.5 m | 51.8 m | 127.5 m | 115.4 m | 26.2 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 464.1 m USD
- Financial debt
- 328.5 m USD
- Net debt
- -135.6 m USD
- Equity
- 762.5 m USD
- Total assets
- 1.4 bn USD
- Debt / equity
- 0.43x
- Current ratio
- 2.71x
- ROE
- 5.6%
- ROA
- 3.0%
- FCF margin
- 3.8%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 680.0 m | 819.5 m | 987.7 m | 765.3 m | 697.5 m | 692.2 m | SEC (XBRL)· 15 Apr 2025verified |
| Cost of revenue | 548.7 m | 640.3 m | 726.2 m | 605.4 m | 581.5 m | 602.4 m | SEC (XBRL)· 15 Apr 2025verified |
| Gross profit | 131.3 m | 179.2 m | 261.5 m | 159.8 m | 115.9 m | 89.8 m | SEC (XBRL)· 15 Apr 2025verified |
| Research & development | 33.7 m | 36.2 m | 41.1 m | 37.7 m | 35.7 m | 35.5 m | SEC (XBRL)· 15 Apr 2025verified |
| Operating income | 82.2 m | 127.0 m | 200.5 m | 104.7 m | 62.3 m | 38.9 m | SEC (XBRL)· 15 Apr 2025verified |
| Interest expense | 6.0 m | 6.1 m | 4.7 m | 5.0 m | 8.7 m | 8.5 m | SEC (XBRL)· 15 Apr 2025verified |
| Pre-tax income | 101.0 m | 105.9 m | 217.6 m | 131.1 m | 74.1 m | 50.2 m | SEC (XBRL)· 15 Apr 2025verified |
| Income tax | 17.2 m | 21.2 m | 39.6 m | 19.1 m | 9.8 m | 6.3 m | SEC (XBRL)· 15 Apr 2025verified |
| Net income | 2.5 bn | 84.7 m | 178.0 m | 111.9 m | 64.3 m | 43.9 m | SEC (XBRL)· 15 Apr 2025verified |
| Weighted average diluted shares | 737.1 m | 736.9 m | 742.9 m | 742.6 m | 734.9 m | 734.0 m | SEC (XBRL)· 15 Apr 2025verified |
| Dividend per share | 0.04 | 0.06 | 0.08 | 0.14 | 0.08 | 0.05 | SEC (XBRL)· 15 Apr 2025derived |
Balance sheet · USD
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 157.3 m | 146.5 m | 212.9 m | 322.1 m | 403.5 m | 464.1 m | SEC (XBRL)· 15 Apr 2025verified |
| Inventories | 59.1 m | 74.9 m | 115.6 m | 104.5 m | 83.9 m | 82.2 m | SEC (XBRL)· 15 Apr 2025verified |
| Current assets | 393.3 m | 440.0 m | 594.3 m | 597.2 m | 821.7 m | 721.1 m | SEC (XBRL)· 15 Apr 2025verified |
| Property, plant & equipment, net | 601.1 m | 640.8 m | 725.0 m | 665.4 m | 625.1 m | 609.8 m | SEC (XBRL)· 15 Apr 2025verified |
| Total assets | 1.1 bn | 1.2 bn | 1.5 bn | 1.5 bn | 1.5 bn | 1.4 bn | SEC (XBRL)· 15 Apr 2025verified |
| Short-term debt | 25.0 m | 26.7 m | 26.4 m | 49.6 m | 73.9 m | 10.4 m | SEC (XBRL)· 15 Apr 2025verified |
| Long-term debt | 277.3 m | 248.8 m | 337.7 m | 405.0 m | 413.1 m | 318.2 m | SEC (XBRL)· 15 Apr 2025verified |
| Current liabilities | 167.8 m | 203.9 m | 267.1 m | 211.2 m | 242.9 m | 266.5 m | SEC (XBRL)· 15 Apr 2025verified |
| Total liabilities | 494.0 m | 511.6 m | 662.6 m | 660.7 m | 698.8 m | 621.4 m | SEC (XBRL)· 15 Apr 2025verified |
| Equity | 653.0 m | 737.7 m | 870.3 m | 801.8 m | 808.7 m | 762.5 m | SEC (XBRL)· 15 Apr 2025verified |
| Shares outstanding at year end | 727.2 m | 727.2 m | 727.2 m | 727.2 m | 727.2 m | 727.2 m | SEC (XBRL)· 15 Apr 2025verified |
Cash flow · USD
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 200.0 m | 211.5 m | 263.9 m | 280.4 m | 215.8 m | 181.2 m | SEC (XBRL)· 15 Apr 2025verified |
| Capex | 181.9 m | 141.1 m | 212.0 m | 152.9 m | 100.4 m | 155.0 m | SEC (XBRL)· 15 Apr 2025verified |
| Free cash flow | 18.1 m ≈ | 70.5 m ≈ | 51.8 m ≈ | 127.5 m ≈ | 115.4 m ≈ | 26.2 m ≈ | SEC (XBRL)· 15 Apr 2025derived |
| Investing cash flow | -141.7 m | -135.3 m | -216.8 m | -164.7 m | -100.9 m | -18.8 m | SEC (XBRL)· 15 Apr 2025verified |
| Financing cash flow | -56.1 m | -96.9 m | 17.8 m | 13.6 m | -34.6 m | -75.5 m | SEC (XBRL)· 15 Apr 2025verified |
| Dividends paid | 29.2 m | 46.6 m | 57.7 m | 101.8 m | 54.6 m | 39.9 m | SEC (XBRL)· 15 Apr 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 16 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: 29.7 bn USD
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
- Quality16
- Growth5
- Balance sheet100
- Returns36
- Valuation3
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.70 – 14.53 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)0.70 – 0.96 (Mid 0.81)WACC 9.3% · starting FCFF 33.6 m USD · terminal value share of EV 72%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: no growth between −30% and +40% justifies the price
- Peers: EV/Sales4.06 – 14.53 (Mid 6.19)26 companies used · median multiple 6.1x · quartiles 3.9x – 14.5xAAOI, ADI, ALGM, AMAT, AMD, AVGO, FSLR, ICHR, INTC, MCHP, MRVL, MTSI, MU, NVDA, NXPI, ON, OSIS, PENG, Q, QUIK, SUNE, TOYO, TXN, TYGO, UMC, VIAV
- Peers: EV/EBITDAunavailable · input data missing
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 16/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 13.0% | 0 (on a fixed band) | 11% |
| EBIT margin · Quality | 5.6% | 38 (vs peers) | 9% |
| FCF margin · Quality | 3.8% | 15 (on a fixed band) | 9% |
| Revenue CAGR 3Y · Growth | -11.2% | 0 (on a fixed band) | 18% |
| Revenue growth (YoY) · Growth | -0.8% | 16 (vs peers) | 9% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 2.7x | 100 (on a fixed band) | 7% |
| EV/Sales · Valuation | 42.7x | 4 (vs peers) | 18% |
| FCF yield · Valuation | 0.1% | 2 (on a fixed band) | 14% |
| Shareholder yield (distributions) · Returns | 0.1% | 36 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth5/100 · 2/2 factors with a value
- Quality16/100 · 3/3 factors with a value
- Returns36/100 · 1/1 factors with a value
- Valuation3/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ChipMOS TECHNOLOGIES INC. (IMOS). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 692.2 m USD in 2024; YoY growth -0.8%; net margin 6.3%; ROE 5.6%.
The estimated value range is 2.38–7.75 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 3.50 USD, the price of 42.40 USD leaves a potential of -91.7% (value / price − 1) and a margin of safety of -1,111.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 16/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Current ratio: 2.7x
What contradicts it
- Gross margin: 13.0%
- FCF margin: 3.8%
- Revenue CAGR 3Y: -11.2%
- Revenue growth (YoY): -0.8%
- EV/Sales: 42.7x
- FCF yield: 0.1%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA.
Versus the vertical median
Semiconductors & Related Devices (SIC 3674) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Company Limited | 9,156.8 bn | 259.6 | 29.3% | 40.0% | +25.0% | +21% / +263% |
| NVDANvidia Corp | 4,823.1 bn | 25.3 | 117.2% | 63.7% | +65.5% | +13% / +328% |
| AVGOBroadcom Inc. | 1,553.7 bn | 41.6 | 44.2% | 42.9% | +23.9% | −19% / +252% |
| MUMicron Technology, Inc. | 899.7 bn | 10.7 | 88.3% | 63.8% | +256.3% | +236% / +945% |
| AMDAdvanced Micro Devices, Inc | 801.6 bn | 106.3 | 11.8% | 16.8% | +34.3% | +125% / +303% |
| INTCIntel Corporation | 309.7 bn | — | -10.9% | -20.1% | −0.5% | +44% / +30% |
| AMATApplied Materials Inc | 293.2 bn | 31.9 | 41.1% | 30.1% | +4.4% | +46% / +147% |
| TXNTexas Instruments Inc | 284.6 bn | 40.4 | 39.7% | 34.3% | +13.0% | +85% / +104% |
| ADIAnalog Devices Inc | 196.8 bn | 48.2 | 12.2% | 29.8% | +16.9% | +53% / +122% |
| UMCUnited Microelectronics Corporation | 168.4 bn | 111.5 | 13.3% | 21.0% | −2.5% | +79% / +72% |
| MRVLMarvell Technology, Inc | 140.1 bn | 52.8 | 16.5% | 27.9% | +42.1% | +79% / +187% |
| NXPINXP Semiconductors N.V. | 66.8 bn | 20.8 | 29.2% | 23.4% | −2.7% | +36% / +30% |
| MPWRMonolithic Power Systems, Inc. | 61.5 bn | 69.5 | 25.1% | 23.9% | +26.4% | +36% / +130% |
| MCHPMicrochip Technology Incorporated | 40.9 bn | 104.2 | 7.2% | 9.3% | +7.1% | +41% / −10% |
| ALABAstera Labs, Inc. | 39.0 bn | 89.0 | 28.2% | 29.6% | +115.1% | +42% / unavailable |
| IMOSChipMOS TECHNOLOGIES INC. | 29.7 bn | 676.0 | 5.6% | 6.3% | −0.8% | +96% / +81% |
| ONOn Semiconductor Corp | 27.7 bn | 41.4 | 8.9% | 10.8% | −15.3% | +42% / −0% |
| CRDOCredo Technology Group Holding Ltd | 25.7 bn | 48.7 | 30.7% | 33.8% | +205.7% | −23% / +662% |
| QQnity Electronics, Inc. | 24.8 bn | 42.0 | 7.6% | 11.5% | +9.7% | +46% / unavailable |
| FSLRFirst Solar, Inc. | 20.9 bn | 11.3 | 18.7% | 37.1% | +24.1% | −29% / +23% |
| MTSIMACOM Technology Solutions Holdings, Inc. | 17.8 bn | 74.6 | 17.2% | 20.7% | +32.6% | +33% / +178% |
| SITMSiTime Corporation | 10.7 bn | 710.2 | 1.3% | 3.0% | +61.2% | +19% / +221% |
| SLABSilicon Laboratories Inc. | 7.4 bn | — | -3.6% | -4.6% | unavailable | +73% / +110% |
| VIAVViavi Solutions Inc. | 6.5 bn | — | -2.7% | -2.0% | +40.0% | +47% / +225% |
| AAOIApplied Optoelectronics, Inc. | 5.0 bn | — | -5.4% | -9.6% | +82.8% | +121% / +347% |
1- and 3-year price returns: for IMOS from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 22.67 Total return -47% · Per year -47% | 40.28 Total return -5% · Per year -5% | 60.95 Total return 44% · Per year 44% |
| 3 years | 18.00 Total return -58% · Per year -25% | 36.35 Total return -14% · Per year -5% | 60.95 Total return 44% · Per year 13% |
| 5 years | 14.29 Total return -66% · Per year -20% | 32.81 Total return -23% · Per year -5% | 60.95 Total return 44% · Per year 8% |
- Exit P/E± 9.09
- Net margin± 6.36
- Annual revenue growth± 5.75
- Annual dilution± 0.53
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 14 Apr 2026; since then the company filed 6-K (21 Oct 2026), 6-K (08 Oct 2026), 6-K (29 Sept 2026), 6-K (10 Sept 2026), 6-K (11 Aug 2026).
In brief
ChipMOS TECHNOLOGIES INC is one of the leading independent providers of semiconductor assembly and testing services, focused on display panel driver chips and memory and logic/mixed-signal products, with facilities in Taiwan. Consolidated revenue in 2025 was NT$23,933 million, or US$763 million 1, while high-value memory demand linked to data centers and AI has offset softness in some consumer end markets 1.
SWOT
Strengths
- Important independent position in testing and assembly of display and memory chips, with stated engineering expertise 1.
- Proximity to wafer fabs and electronics producers in Taiwan gives logistical and cost advantages 1.
- Diversified portfolio across four segments, without heavy dependence on a single service type 1.
Weaknesses
Opportunities
- Demand for memory in data centers and AI applications could support growth in the memory segment 1.
- Automotive displays and electric vehicles could bring better margins and stable long-term demand 1.
- Expansion into PMIC for DDR5 modules, logic products for smart devices and ASIC for AI could diversify the portfolio 1.
Risks
- Industry cyclicalityhigh
The semiconductor industry goes through peaks and troughs, and weak demand can cause service prices to fall quickly 1.
- High fixed costshigh
Testing and assembly equipment is depreciated quickly, and lower utilization can raise depreciation relative to revenue 1.
- Pricing pressuremedium
Service prices decline over product life cycles, and continued competitive pressure could affect earnings 1.
- Geopolitical and trade risksmedium
Trade tensions and US semiconductor restrictions raise the risk to investment and activity in China 1.
- Dependence on display segmentlow
The display driver segment is sensitive to television and consumer electronics demand, and lower demand can reduce utilization 1.
Investment thesis
What would need to be true (bull case)
- If demand for memory in data centers and AI persists, the memory testing and assembly business could keep growing 1.
- Growth in bumping and expansion into higher-margin products could improve the revenue mix 1.
- The source describes an important supplier position in display chips, which could support long-term customer relationships 1.
What to watch
- Development of memory demand and pricing after the August 2025 adjustmentnext 10-K
- Capacity utilization in display and assembly segmentsQ1 2027
- Contribution of bumping and of ASIC and PMIC services2027
- Effects of trade tensions and restrictions on activity in Chinanext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 14 Apr 2026; since then the company filed 6-K (21 Oct 2026), 6-K (08 Oct 2026), 6-K (29 Sept 2026), 6-K (10 Sept 2026), 6-K (11 Aug 2026).
The business
The company provides back-end semiconductor services: testing (including wafer probing and final test for memory and logic/mixed-signal chips), assembly on leadframe or organic substrate, and gold bumping for LCD, OLED and automotive display driver chips 1. Production facilities are in Hsinchu and Tainan, Taiwan, and the company cites its proximity to wafer fabs and consumer electronics producers as an advantage 1. Shares trade on TWSE since April 2014, and ADSs on Nasdaq since November 2016, following the merger with ChipMOS Bermuda 1.
The business model is capital intensive, with high fixed costs for testing and assembly equipment, so profitability depends on capacity utilization and service pricing 1. The company aims at potential growth segments such as memory, logic/mixed-signal, OLED and automotive panels, and invests in ASIC technologies and PMIC for DDR5 modules 1.
Revenue comes mainly from service fees for testing and assembling semiconductors, and to a lesser extent from equipment rentals to chip makers for engineering testing 1. Most customers do not place orders far in advance, and the company has entered into some long-term capacity agreements 1.
Segments
Testing for memory and logic/mixed-signal chips
The testing segment generated NT$5,677.9 million in 2025, about 23.7% of revenue 1. Pricing reflects testing time and the burn-in requirement for memory 1.
Market context
The outsourced assembly and testing market is supported by IDMs and fabless companies moving production stages outside to reduce fixed costs 1. Taiwan is one of the world's leading locations for this work 1. Memory demand has been supported by data centers and AI applications, while some consumer markets remained weak 1.
Competition from mainland China in display driver chips has increased, helped by government support and local production requirements, and investment risk in China has grown with trade tensions 1.
Trends
- Memory demand from data centers and AItailwind
Demand for high-value memory linked to data centers and AI applications has offset softness in some consumer end markets since the second half of 2025, and memory prices were adjusted in August 2025 1. If this demand persists, it could support the memory testing and assembly business 1.
- Weak consumer and television demandheadwind
Soft television demand affected utilization in COF assembly, and the display driver segment declined in 2025 1. Continued pricing pressure on services could weigh on earnings 1.
- Automotive electronics and electric vehiclestailwind
Automotive panels and electric vehicles could increase chip content and margins, since automotive demand is described as stable and long-term 1.
- Geopolitical tensions and tariffsmixed
Geopolitics and tariff pressures contribute to swings in supply chain inventory and end-user demand, which can affect results 1. US semiconductor restrictions raise the risk for activities in China 1.
Competitive position
The company competes with other independent OSAT providers in Taiwan and mainland China, which offer large capacity and advanced assembly and testing technologies 1. Competition from mainland China for display driver chips has increased, and prices are under pressure across segments 1.
The company's stated advantage is its specialization in display driver chips and bumping, along with investment in equipment and R&D for differentiated services 1. The source does not identify competitors with US tickers, so they are treated as unlisted in the US 1.
- Taiwan OSAT providers
Independent assembly and testing providers in Taiwan, described in the source as leading service providers 1.
- Mainland China display driver chip suppliers
Local display driver chip makers whose competitive pressure has grown after supply chain reshuffles 1.
- Mainland China assembly and testing providers
Local assembly and testing providers benefiting from government support and local production requirements 1.
- Integrated device manufacturers (IDMs)
Companies that keep in-house testing and assembly capacity and are both customers and partial competitors 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)21 Oct 2026
- Current report (foreign issuer)08 Oct 2026
- Current report (foreign issuer)29 Sept 2026
- Current report (foreign issuer)10 Sept 2026
- Current report (foreign issuer)10 Sept 2026
- Current report (foreign issuer)11 Aug 2026
- Current report (foreign issuer)11 Aug 2026
- Current report (foreign issuer)10 Aug 2026
- Current report (foreign issuer)03 Aug 2026
- Current report (foreign issuer)30 Jul 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / ChipMOS TECHNOLOGIES INC · 14 Apr 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.