ChipMOS REPORTS AUGUST 2020 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported August 2020 revenue of NT$1,902.5 million (US$64.8 million), marking a 0.8% increase from July but a 0.5% decrease compared to August 2019. The uptick in revenue stems from heightened demand for DDIC and bumping services, particularly due to new HD-grade smartphone models and growth in large- and mid-size display panels. The company's wafer test capacity for high-end platforms is nearly fully utilized, attributed to increased testing times required for TDDI.

Positive

• August 2020 revenue increased by 0.8% month-over-month.
• Demand is driven by new HD-grade smartphone models and growth in large- and mid-size panels.
• Wafer test capacity for high-end platforms is nearly fully utilized.

Negative

• August 2020 revenue decreased by 0.5% year-over-year.

HSINCHU, Sept. 9, 2020 /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 August 2020.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.37 to US$1.00 as of August 31, 2020.

Revenue for the month of August 2020 was NT$1,902.5 million or US$64.8 million, an increase of 0.8% as compared to July 2020 and a decrease of 0.5% compared to August 2019.  The Company noted it is benefiting from increased DDIC and bumping demand driven by new HD-grade smartphone models, along with large- and mid-size panels to meet TDDI, TV, notebook tablet growth, respectively.  Wafer test capacity of high end platform for DDIC is almost fully utilized due to increased demand combined with required longer TDDI test times.

Consolidated Monthly Revenues (Unaudited)
	August 2020	July 2020	August 2019	MoM Change	YoY Change
Revenues (NT$ million)	1,902.5	1,886.6	1,912.2	0.8%	-0.5%
Revenues (US$ million)	64.8	64.2	65.1	0.8%	-0.5%

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

View original content:http://www.prnewswire.com/news-releases/chipmos-reports-august-2020-revenue-301126100.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS' revenue for August 2020?

ChipMOS reported revenue of NT$1,902.5 million (US$64.8 million) for August 2020.

How does ChipMOS' August 2020 revenue compare to July 2020?

August 2020 revenue increased by 0.8% compared to July 2020.

What is the year-over-year revenue change for ChipMOS in August 2020?

ChipMOS' revenue decreased by 0.5% compared to August 2019.

What factors contributed to ChipMOS' revenue increase in August 2020?

The increase was driven by higher demand for DDIC and bumping services due to new smartphone models.

Is ChipMOS facing any challenges in August 2020?

Yes, despite a month-over-month revenue increase, there was a year-over-year decrease.