ChipMOS REPORTS 30% YoY REVENUE GROWTH IN MAY

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported a record revenue of NT$2,338.6 million (US$84.4 million) for May 2021, marking a 30.7% year-over-year increase and a 2.4% rise from April 2021. The company attributes this growth to strong demand and full utilization of memory assembly services. This performance reflects ongoing capacity constraints in the semiconductor assembly and test services sector, as ChipMOS continues to meet rising customer needs.

Positive

• May 2021 revenue increased by 30.7% YoY.
• Month-over-month growth of 2.4% from April 2021.
• Record revenue for May, indicating strong market demand and full utilization of memory assembly services.

Negative

• None.

HSINCHU, June 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 May 2021.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$27.70 to US$1.00 as of May 28, 2021.

Revenue for the month of May 2021 was NT$2,338.6 million or US$84.4 million, an increase of 30.7% compared to May 2020 and an increase of 2.4% compared to April 2021.  This represents a new record level for the month of May, as the Company continues to benefit from strong demand growth and tightened capacity, with memory assembly still fully utilized.  

Consolidated Monthly Revenues (Unaudited)
	May 2021	April 2021	May 2020	MoM Change	YoY Change
Revenues (NT$ million)	2,338.6	2,283.4	1,789.3	2.4%	30.7%
Revenues (US$ million)	84.4	82.4	64.6	2.4%	30.7%

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 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 was ChipMOS's revenue in May 2021?

ChipMOS reported revenue of NT$2,338.6 million (US$84.4 million) for May 2021.

How much did ChipMOS's revenue grow compared to May 2020?

The revenue for May 2021 increased by 30.7% compared to May 2020.

What was the month-over-month revenue change for ChipMOS from April 2021 to May 2021?

ChipMOS experienced a 2.4% increase in revenue from April 2021 to May 2021.

What are the implications of ChipMOS's revenue growth for investors?

The significant revenue growth suggests strong demand and capacity utilization, which may positively influence investor sentiment.