ChipMos to cut capex nearly in half

|By:, SA News Editor

ChipMos (IMOS) has set a 2014 capex budget of NT$1.8B ($60.2M), nearly 50% below a 2013 budget level of NT$3.5B. With the chip packaging/testing services firm's 2014 revenue consensus standing at $697M, that mean ChipMos may end up spending ~9% of 2014 revenue on capex.

ChipMos invested aggressively in ramping LCD driver IC testing capacity in 2013. Its 2014 capex will be directed towards a mixture of investments in 12" chip wafer bumping, high-end memory chip packaging, and LCD driver IC packaging/testing.