ChipMOS REPORTS 28% YoY REVENUE GROWTH IN JULY; NEW RECORD HIGH

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) achieved a record monthly revenue of NT$2,417.9 million (US$86.5 million) in July 2021, marking a 28.2% increase year-over-year and a 2.4% increase from June 2021. The company attributes this growth to high utilization rates in its assembly and DDIC test platforms coupled with sustained demand across its operations. All figures are quoted using an exchange rate of NT$27.96 to US$1.00 as of July 30, 2021.

Positive

• Record monthly revenue of NT$2,417.9 million (US$86.5 million) in July 2021.
• 28.2% year-over-year revenue growth compared to July 2020.
• 2.4% month-over-month revenue growth from June 2021.
• High utilization levels in assembly and DDIC test platforms.

Negative

• None.

HSINCHU, Aug. 10, 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 July 2021.  This represents a new record monthly high for the Company.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$27.96 to US$1.00 as of July 30, 2021.

Revenue for the month of July 2021 was NT$2,417.9 million or US$86.5 million, an increase of 28.2% compared to July 2020 and an increase of 2.4% compared to June 2021.  The Company noted its assembly and DDIC high-end test platforms remain at high utilization levels, with continued strong demand across its businesses driving the record monthly revenue. 

Consolidated Monthly Revenues (Unaudited)
	July 2021	June 2021	July 2020	MoM Change	YoY Change
Revenues (NT$ million)	2,417.9	2,360.3	1,886.6	2.4%	28.2%
Revenues (US$ million)	86.5	84.4	67.5	2.4%	28.2%

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 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

 

View original content:https://www.prnewswire.com/news-releases/chipmos-reports-28-yoy-revenue-growth-in-july-new-record-high-301351847.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS's revenue for July 2021?

ChipMOS reported a revenue of NT$2,417.9 million (US$86.5 million) for July 2021.

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

ChipMOS's revenue increased by 28.2% year-over-year in July 2021 compared to July 2020.

What is the month-over-month revenue change for ChipMOS from June to July 2021?

ChipMOS's revenue increased by 2.4% from June 2021 to July 2021.

Which stock exchanges is ChipMOS listed on?

ChipMOS is listed on the Taiwan Stock Exchange and NASDAQ under the ticker IMOS.