ChipMOS Taiwan, a subsidiary of semiconductor assembly and test services provider ChipMOS Technologies, on April 19 started trading on the Emerging Stock Board of the Taiwan Stock Exchange (TSE). On its first day of trading, its share price rallied more than 90% to close at NT$40 (US$1.34).

ChipMOS Taiwan also unveiled plans to submit an application by the end of 2013 to list its stock on the main board of the TSE.

ChipMOS Taiwan provides assembly and test services for semiconductors, particularly LCD driver ICs, which account for more than 40% of company revenues. Major customers include Novatek Microelectronics, Himax Technology, ILI Technology (Ilitek) and Raydium Semiconductor.

Also engaged in backend services for memory chips, ChipMOS forecast that the markets for DRAM and NAND flash memory will enjoy a substantial improvement in 2013 with more favorable demand and pricing.

ChipMOS Taiwan generated consolidated revenues of NT$4.42 billion in the first quarter of 2013, up about 1% from a year ago. Market watchers expect the company to post more than 10% sales growth sequentially in the second quarter.

ChipMOS Taiwan reported net profits of NT$1.21 billion on consolidated revenues of NT$19.22 billion for 2012. EPS for the year came to NT$1.33 compared to the NT$0.43 posted for 2011.