09:23 AM EST, 03/08/2024 (MT Newswires) -- ChipMOS Technologies ( IMOS ) said Friday that it generated 1.78 billion new Taiwanese dollars ($56.2 million) in revenue during February, up 23.6% from a year earlier.

February revenue also was 4% higher than the prior month, the semiconductor assembly and test services company said.

ChipMOS ( IMOS ) said it continues to benefit from further improvements in the memory segment across the broader computer industry coupled with more inventory stabilization and demand recovery.

Shares of the company were fractionally higher in recent Friday premarket activity.

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