ChipMOS REPORTS 9% YoY GROWTH IN NOVEMBER 2021 REVENUE; 21% YoY INCREASE YTD

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported a revenue of NT$2,236.5 million (US$80.8 million) for November 2021, marking a 9.0% increase year-over-year but a slight decline of 2.3% from October 2021. The year-to-date revenue showed a robust 21% increase compared to the same period in 2020. The revenue decline in November was attributed to one less working day. The reported revenue figures highlight the company’s resilience despite recent challenges in the semiconductor market.

Positive

• Year-over-year revenue growth of 9.0% in November 2021.
• 21% increase in year-to-date revenue compared to 2020.

Negative

• 2.3% decline in revenue compared to October 2021.

HSINCHU, Dec. 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 November 2021.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$27.69 to US$1.00 as of November 30, 2021.

Revenue for the month of November 2021 was NT$2,236.5 million or US$80.8 million, an increase of 9.0% compared to November 2020 and a decrease of 2.3% compared to October 2021. Revenue increased 21% in the first eleven months of 2021 compared to the first eleven months of 2020. The Company noted the slight decline sequentially in November revenue compared to October reflects 1 less working day in November.

Consolidated Monthly Revenues (Unaudited)
	November 2021	October 2021	November 2020	MoM Change	YoY Change
Revenues (NT$ million)	2,236.5	2,289.4	2,051.0	-2.3%	9.0%
Revenues (US$ million)	80.8	82.7	74.1	-2.3%	9.0%

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 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-9-yoy-growth-in-november-2021-revenue-21-yoy-increase-ytd-301441935.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What is ChipMOS's revenue for November 2021?

ChipMOS reported a revenue of NT$2,236.5 million (US$80.8 million) for November 2021.

How does November 2021 revenue compare to October 2021?

November 2021 revenue decreased by 2.3% compared to October 2021.

What was the year-over-year revenue growth for ChipMOS in November 2021?

ChipMOS experienced a 9.0% year-over-year revenue growth in November 2021.

What is the year-to-date revenue increase for ChipMOS in 2021?

The year-to-date revenue for ChipMOS increased by 21% compared to 2020.