07:12 AM EST, 11/08/2024 (MT Newswires) -- ChipMOS Technologies ( IMOS ) said Friday that its October revenue fell by 9.4% year over year to 1.78 billion New Taiwan dollars ($55 million).

Revenue for the month was also 5.5% lower than September revenue, the company said.

ChipMOS ( IMOS ) said the October revenue was in-line with its expectations, as its NAND flash and DDIC products were affected by weaker market demand, conservative ordering, and customers' inventory adjustments.