ChipMOS REPORTS 12.3% MoM INCREASE IN MARCH 2022 MONTHLY REVENUE; 4.0% YoY INCREASE IN 1Q22 QUARTERLY REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported unaudited consolidated revenue for March 2022 and Q1 2022. The company's Q1 revenue was NT$6,725.2 million (US$235.0 million), down 1.0% from Q4 2021 but up 4.0% year-over-year. March 2022 revenue reached NT$2,355.3 million (US$82.3 million), reflecting a 12.3% month-over-month increase and a 0.5% year-over-year rise. The company attributes its strong performance to full utilization of high-end testing capacity despite the typical seasonal slowdown during the quarter.

Positive

• Q1 2022 revenue: NT$6,725.2 million (US$235.0 million), up 4.0% YoY.
• March 2022 revenue: NT$2,355.3 million (US$82.3 million), up 12.3% MoM.
• Full utilization of DDIC high-end test capacity contributing to revenue.

Negative

• Q1 2022 revenue decreased 1.0% from Q4 2021.
• Seasonally slower period for the industry typically affects revenues.

HSINCHU, April 8, 2022 /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 March 2022 and for the first quarter ended March 31, 2022. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$28.62 to US$1.00 as of March 31, 2022.

Revenue for the first quarter of 2022 was NT$6,725.2 million or US$235.0 million, representing a slight decrease of 1.0% from the fourth quarter of 2021, and an increase of 4.0% from the first quarter of 2021. The Company noted its continued strong results reflect full utilization of its DDIC high-end test capacity. Q1 is typically a seasonally slower period for the industry with fewer working days than Q4.

Revenue for the month of March 2022 was NT$2,355.3 million or US$82.3 million, representing an increase of 12.3% from February 2022, and an increase of 0.5% from March 2021. 

Consolidated Monthly Revenues (Unaudited)
	March 2022	February 2022	March 2021	MoM Change	YoY Change
Revenues (NT$ million)	2,355.3	2,096.9	2,344.6	12.3%	0.5%
Revenues (US$ million)	82.3	73.3	81.9	12.3%	0.5%

 

Consolidated Quarterly Revenues (Unaudited)
	First Quarter 2022	Fourth Quarter 2021	First Quarter 2021	QoQ Change	YoY Change
Revenues (NT$ million)	6,725.2	6,791.4	6,465.3	-1.0%	4.0%
Revenues (US$ million)	235.0	237.3	225.9	-1.0%	4.0%

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 is known for its track record of excellence and history of innovation. The Company provides end-to-end 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, strategies, 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 ongoing 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 were ChipMOS's revenues for Q1 2022?

ChipMOS reported revenues of NT$6,725.2 million (US$235.0 million) for Q1 2022.

How did ChipMOS perform in March 2022 compared to previous months?

In March 2022, ChipMOS reported revenues of NT$2,355.3 million (US$82.3 million), a 12.3% increase from February.

What is the year-over-year revenue growth for ChipMOS in Q1 2022?

ChipMOS experienced a 4.0% year-over-year revenue growth in Q1 2022.

Was there a decrease in ChipMOS's revenue from Q4 2021 to Q1 2022?

Yes, ChipMOS's revenue decreased by 1.0% from Q4 2021 to Q1 2022.

What factors contributed to ChipMOS's revenue in Q1 2022?

ChipMOS attributed its revenue performance in Q1 2022 to full utilization of its DDIC high-end test capacity.