ChipMOS REPORTS 20.3% YoY INCREASE IN NOVEMBER 2023 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (8150 and IMOS) reports a 20.3% year over year increase in consolidated revenue for November 2023, reaching NT$1,873.9 million or US$59.9 million. Despite a 4.9% decrease from October 2023, the company highlights improved inventory stabilization and demand recovery in certain markets, including its memory products.

Positive

• 20.3% year over year increase in consolidated revenue for November 2023
• Benefitting from improved inventory stabilization and demand recovery in certain markets

Negative

• 4.9% decrease in revenue from October 2023

HSINCHU, Dec. 8, 2023 /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 a 20.3% year over year increase for its unaudited consolidated revenue for the month of November 2023. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.26 to US$1.00 as of November 30, 2023.

Revenue for the month of November 2023 was NT$1,873.9 million or US$59.9 million, representing a decrease of 4.9% from October 2023, and an increase of 20.3% from November 2022. The Company noted that while it continues to be impacted by broader market softness, it is concurrently benefitting from improved inventory stabilization and demand recovery in certain markets, including its memory products.

Consolidated Monthly Revenues (Unaudited)
	November 2023	October 2023	November 2022	MoM Change	YoY Change
Revenues    (NT$ million)	1,873.9	1,970.0	1,558.3	-4.9 %	20.3 %
Revenues    (US$ million)	59.9	63.0	49.8	-4.9 %	20.3 %

About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (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 leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide. 

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. 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

View original content:https://www.prnewswire.com/news-releases/chipmos-reports-20-3-yoy-increase-in-november-2023-revenue-302009636.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What is the ticker symbol for ChipMOS TECHNOLOGIES INC.?

The ticker symbols are 8150 on the Taiwan Stock Exchange and IMOS on NASDAQ.

What is the consolidated revenue for ChipMOS in November 2023?

The consolidated revenue for November 2023 was NT$1,873.9 million or US$59.9 million.

How does ChipMOS' November 2023 revenue compare to November 2022?

There was a 20.3% increase in revenue from November 2022.

What factors impacted ChipMOS' revenue in November 2023?

The company was impacted by broader market softness but benefitted from improved inventory stabilization and demand recovery in certain markets.