Taiwan-based ChipMOS, a company I visited it during my last trip to Taiwan, is a chip testing company. The last thing you want your new computer to do is not work when you take it out of the box. ChipMOS (IMOS: 0.71 -4.05%) makes sure that doesn’t happen.
Business stinks though. Q4 sales dropped by 50% to $93 million from the same period in 2007 and a fell by 30% from the previous quarter.
ChipMOS reported a loss of $178.2 million compared to a loss of $26.7 million the previous quarter.
One of ChipMOS’s largest customers is Intel. Connect the dots folks.
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