ChipMOS REPORTS AUGUST 2023 REVENUE

Rhea-AI Summary

ChipMOS reports unaudited consolidated revenue of NT$1,833.0 million or US$57.5 million for August 2023, a slight decrease of 0.2% from July 2023 and an increase of 6.9% from August 2022.

Positive

• August 2023 revenue increased by 6.9% YoY, indicating positive growth.
• Stabilization in loading levels of DDIC high-end test platform and signs of improvement in Memory business contribute to revenue growth.

Negative

• August 2023 revenue decreased by 0.2% MoM, suggesting a slight decline in performance.

HSINCHU, Sept. 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 its unaudited consolidated revenue for the month of August 2023. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.87 to US$1.00 as of August 31, 2023.

Revenue for the month of August 2023 was NT$1,833.0 million or US$57.5 million, representing a slight decrease of 0.2% from July 2023, and an increase of 6.9% from August 2022.

The Company noted August's high single-digit year-over-year revenue growth, which was essentially flat on a month-over-month basis, reflects additional stabilization in loading levels of its DDIC high-end test platform, and further signs of improvement in its Memory business.

Consolidated Monthly Revenues (Unaudited)
	August 2023	July 2023	August 2022	MoM Change	YoY Change
Revenues    (NT$ million)	1,833.0	1,836.2	1,715.1	-0.2 %	6.9 %
Revenues    (US$ million)	57.5	57.6	53.8	-0.2 %	6.9 %

 

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

 

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SOURCE ChipMOS TECHNOLOGIES INC.