ChipMOS REPORTS 19.2% YoY INCREASE IN MARCH 2021 REVENUE; 15.7% YoY INCREASE IN 1Q21 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced record-high revenues for March 2021 and the first quarter of 2021. March's revenue reached NT$2,344.6 million (US$82.3 million), marking a 19.8% increase month-over-month and 19.2% year-over-year. For Q1 2021, revenue totaled NT$6,465.3 million (US$227.0 million), a 2.5% rise from the previous quarter and a 15.7% increase compared to Q1 2020. The company is experiencing strong demand for memory and DDIC products, with fully utilized assembly lines contributing to this growth.

Positive

• Q1 2021 revenue reached NT$6,465.3 million (US$227.0 million), increasing 2.5% QoQ and 15.7% YoY.
• March 2021 revenue was NT$2,344.6 million (US$82.3 million), up 19.8% from February and 19.2% YoY.
• Strong demand for memory and DDIC products contributing to growth.
• Assembly lines fully utilized, indicating robust operational capacity.

Negative

• None.

HSINCHU, April 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 March 2021 and for the first quarter ended March 31, 2021.  Both the monthly and quarterly revenue represent new record highs for the Company.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$28.48 to US$1.00 as of March 31, 2021.

Revenue for the first quarter of 2021 was NT$6,465.3 million or US$227.0 million, representing an increase of 2.5% from the fourth quarter of 2020, and an increase of 15.7% from the first quarter of 2020.  The Company noted that it continues to benefit from strong memory and DDIC demand, with improvements in both volumes and pricing.  Memory assembly lines remain fully utilized, with broad end market strength and capacity constraints continuing to provide a positive backdrop.

Revenue for the month of March 2021 was NT$2,344.6 million or US$82.3 million, representing an increase of 19.8% from February, and an increase of 19.2% from March 2020.  

Consolidated Monthly Revenues (Unaudited)
	March 2021	February 2021	March 2020	MoM Change	YoY Change
Revenues (NT$ million)	2,344.6	1,957.4	1,966.8	19.8%	19.2%
Revenues (US$ million)	82.3	68.7	69.1	19.8%	19.2%
Consolidated Quarterly Revenues (Unaudited)
	First Quarter 2021	Fourth Quarter 2020	First Quarter 2020	QoQ Change	YoY Change
Revenues (NT$ million)	6,465.3	6,310.3	5,586.8	2.5%	15.7%
Revenues (US$ million)	227.0	221.6	196.2	2.5%	15.7%

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 were the revenue figures for ChipMOS in Q1 2021?

ChipMOS reported Q1 2021 revenue of NT$6,465.3 million (US$227.0 million), a 15.7% increase year-over-year.

How did March 2021 revenue compare to previous months for ChipMOS?

In March 2021, ChipMOS reported revenue of NT$2,344.6 million (US$82.3 million), a 19.8% increase from February and a 19.2% increase year-over-year.

What factors contributed to ChipMOS's revenue growth in Q1 2021?

ChipMOS benefited from strong demand for memory and DDIC, with fully utilized assembly lines supporting revenue growth.

What are the future revenue expectations for ChipMOS based on current trends?

While specific future revenue projections are not stated, current trends indicate continued strong performance driven by memory and DDIC demand.