ChipMOS REPORTS JUNE 2022 AND 2Q22 QUARTERLY REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES reported its financial results for June 2022 and the second quarter ended June 30, 2022. The company recorded NT$6,851.7 million (US$230.4 million) in revenue for Q2 2022, up 1.9% from Q1 2022, but down 1.9% year-over-year. June 2022 revenue was NT$2,110.8 million (US$71.0 million), reflecting an 11.9% monthly decline and a 10.6% decrease from June 2021. ChipMOS attributed the revenue drop to a shift in near-term macro demand despite ongoing long-term business catalysts.

Positive

• Q2 2022 revenue reached NT$6,851.7 million, a 1.9% increase from Q1 2022.
• The company's long-term business catalysts remain intact.

Negative

• June 2022 revenue dropped by 11.9% from May 2022 and 10.6% year-over-year.
• Overall revenue decreased by 1.9% compared to Q2 2021.

HSINCHU, July 8, 2022 /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 June 2022 and for the second quarter ended June 30, 2022. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.74 to US$1.00 as of June 30, 2022.

Revenue for the second quarter of 2022 was NT$6,851.7 million or US$230.4 million, representing an increase of 1.9% from the first quarter of 2022, and a decrease of 1.9% from the second quarter of 2021.

Revenue for the month of June 2022 was NT$2,110.8 million or US$71.0 million, representing a decrease of 11.9% from May 2022, and a decrease of 10.6% from June 2021.

The Company noted that while its long-term business catalysts remain firmly in place, the decline in its monthly and year-over-year revenue reflects a change in the near-term macro demand environment.

Consolidated Monthly Revenues (Unaudited)
	June 2022	May 2022	June 2021	MoM Change	YoY Change
Revenues (NT$ million)	2,110.8	2,396.7	2,360.3	-11.9 %	-10.6 %
Revenues (US$ million)	71.0	80.6	79.4	-11.9 %	-10.6 %

Consolidated Quarterly Revenues (Unaudited)
	Second Quarter 2022	First Quarter 2022	Second Quarter 2021	QoQ Change	YoY Change
Revenues (NT$ million)	6,851.7	6,725.2	6,982.3	1.9 %	-1.9 %
Revenues (US$ million)	230.4	226.1	234.8	1.9 %	-1.9 %

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 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, 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 were ChipMOS' revenues for Q2 2022?

ChipMOS reported Q2 2022 revenues of NT$6,851.7 million (US$230.4 million).

How did ChipMOS' June 2022 revenue compare to previous months?

In June 2022, ChipMOS reported NT$2,110.8 million (US$71.0 million), an 11.9% decrease from May 2022.

What was the year-over-year revenue change for ChipMOS in June 2022?

ChipMOS' June 2022 revenue decreased by 10.6% compared to June 2021.

What were the key takeaways from ChipMOS' recent press release?

ChipMOS noted a decline in revenue due to changing macro demand conditions, despite maintaining long-term business drivers.