ChipMOS REPORTS FEBRUARY 2023 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. reported its February 2023 unaudited consolidated revenue of NT$1,437.3 million (or US$46.8 million), marking an increase of 8.1% from January 2023. However, this reflects a significant 31.5% decrease compared to February 2022. This month-to-month growth is the first since June 2022. The company continues to face macroeconomic challenges and is working on inventory adjustments with clients.

Positive

• 8.1% month-over-month revenue increase.
• First month-over-month growth since June 2022.

Negative

• 31.5% year-over-year revenue decline.
• Continues to navigate macroeconomic weakness.

HSINCHU, March 10, 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 February 2023. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.68 to US$1.00 as of February 28, 2023.

Revenue for the month of February 2023 was NT$1,437.3 million or US$46.8 million, representing an increase of 8.1% from January 2023, and a decrease of 31.5% from February 2022.

This represents the first month over month revenue increase since June 2022. The Company noted that while it achieved month over month revenue growth in February 2023, it continues to navigate macroeconomic weakness and work with customers on inventory adjustments.

Consolidated Monthly Revenues (Unaudited)
	February 2023	January 2023	February 2022	MoM Change	YoY Change
Revenues    (NT$ million)	1,437.3	1,330.2	2,096.9	8.1 %	-31.5 %
Revenues    (US$ million)	46.8	43.4	68.3	8.1 %	-31.5 %

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.

FAQ

What was ChipMOS's revenue for February 2023?

ChipMOS reported a revenue of NT$1,437.3 million (US$46.8 million) for February 2023.

How does February 2023 revenue compare to previous months?

February 2023 revenue increased by 8.1% compared to January 2023 but decreased by 31.5% compared to February 2022.

Is there any positive news in ChipMOS's February 2023 financial report?

Yes, ChipMOS experienced its first month-over-month revenue growth since June 2022.

What challenges is ChipMOS currently facing?

ChipMOS continues to navigate macroeconomic weakness and adjust inventory with customers.

What is the stock symbol for ChipMOS?

ChipMOS is listed under the stock symbol IMOS on NASDAQ.