ChipMOS JANUARY 2021 REVENUE INCREASES 24.9% YoY

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported record unaudited consolidated revenue of NT$2,163.3 million (US$77.2 million) for January 2021, marking a significant 24.9% year-over-year increase. This performance is attributed to strong demand in its memory and assembly sectors, particularly from DDIC products. However, there was a slight 1.2% decrease compared to December 2020. The company is enhancing its capacity and automation to meet rising customer demands while maintaining production during the upcoming Lunar holiday.

Positive

• Record January revenue of NT$2,163.3 million (US$77.2 million).
• 24.9% year-over-year revenue growth.
• Strong demand in memory and assembly businesses.
• High utilization levels across all segments.
• Plans to increase capacity and automation.

Negative

• 1.2% decrease in revenue compared to December 2020.

HSINCHU, Feb. 9, 2021 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of January 2021, which increased 24.9% on a year over year basis, to an all-time Company high for the month of January. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$28.01 to US$1.00 as of January 29, 2021.

Revenue for the month of January 2021 was NT$2,163.3 million or US$77.2 million, an increase of 24.9% compared to January 2020 and a decrease of 1.2% compared to December 2020. The record high January revenue level reflects favorable supply and demand dynamics, which are a continuation of the trends seen through 2020 and expected to continue into 2021. The Company noted that it benefitted from strong demand in its memory and assembly businesses, with increased DDIC demand.  Utilization levels remained high across all segments.  The Company is adding additional capacity, increasing automation, and plans to maintain production levels during the upcoming Lunar holiday to meet the higher customer demand. 

Consolidated Monthly Revenues (Unaudited)
	January 2021	December 2020	January 2020	MoM Change	YoY Change
Revenues (NT$ million)	2,163.3	2,190.6	1,732.3	-1.2%	24.9%
Revenues (US$ million)	77.2	78.2	61.8	-1.2%	24.9%

 

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. 

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors, including the potential impact of COVID-19.  Further information regarding these risks, uncertainties and other factors are included in the Company's most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange commission (the "SEC") and in the Company's other filings with the SEC.

Contacts:

In Taiwan Jesse Huang ChipMOS TECHNOLOGIES INC. +886-6-5052388 ext. 7715 IR@chipmos.com

In the U.S. David Pasquale Global IR Partners +1-914-337-8801 dpasquale@globalirpartners.com

 

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SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What is ChipMOS Technologies' January 2021 revenue?

ChipMOS reported a revenue of NT$2,163.3 million (US$77.2 million) for January 2021.

How much did ChipMOS' revenue increase year-over-year in January 2021?

ChipMOS' revenue increased by 24.9% year-over-year in January 2021.

What factors contributed to ChipMOS' revenue growth in January 2021?

The revenue growth was driven by strong demand in memory and assembly businesses, notably for DDIC products.

What was the month-over-month revenue change for ChipMOS in January 2021?

ChipMOS experienced a 1.2% decrease in revenue compared to December 2020.

What are ChipMOS Technologies' plans to meet customer demand?

ChipMOS plans to enhance its capacity and automation while maintaining production levels during the Lunar holiday.