ChipMOS Optimistic on Novatek Orders

Taiwanese sources report that ChipMOS Technologies has won business from Novatek Microelectronics for touch display driver chips. The sources report that the business will go towards offsetting a loss of business from Synaptics. The firm claims that it currently delivers more than 40% of the LCD drivers packaged in Taiwan.

The company also reported that its revenue went up from $149.5 million in Q1 to $150.1 million in Q2, with gross profits up to $30 million from $26.9 million. 25% of the revenues came from touch display drivers.