However, the dip moderated on a sequential basis, down 24% over the preceding 4QFY2023.
UMS Holdings has reported lower earnings for its 1QFY2024, no thanks to softer demand within the semiconductor space.
For the three months ended March, UMS reported earnings of $9.8 million, down 44% y-o-y. Revenue in the same period was done by a third to $54 million, largely from a 37% drop in its semiconductor segment.
