ChipMOS REPORTS OCTOBER 2020 REVENUE; ACHIEVES RECORD MONTHLY HIGH REVENUE LEVEL

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported unaudited consolidated revenue of NT$2,068.7 million (US$72.4 million) for October 2020, marking a 9.0% increase from September 2020 and an 8.9% increase year-over-year. This revenue level is a record monthly high, driven by rising demand in memory and DDIC sectors, particularly in smart mobile, consumer, and stability in computing, automotive, and industrial markets.

Positive

• Record monthly revenue of NT$2,068.7 million (US$72.4 million).
• 9.0% month-over-month and 8.9% year-over-year revenue growth.
• Increased demand in memory and DDIC businesses.

Negative

• None.

HSINCHU, Nov. 10, 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 October 2020. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$28.57 to US$1.00 as of October 30, 2020.

Revenue for the month of October 2020 was NT$2,068.7 million or US$72.4 million, an increase of 9.0% as compared to September 2020 and an increase of 8.9% compared to October 2019.  

The Company noted this represents a record monthly high revenue level, with approximately 9% sequential and year over year revenue growth. ChipMOS continues to benefit from increasing demand in its memory and DDIC businesses, led by continued growth in the Company's smart mobile and consumer markets, with stability in its computing, and automotive and industrial markets. 

Consolidated Monthly Revenues (Unaudited)
	October 2020	September 2020	October 2019	MoM Change	YoY Change
Revenues (NT$ million)	2,068.7	1,897.1	1,898.9	9.0%	8.9%
Revenues (US$ million)	72.4	66.4	66.5	9.0%	8.9%

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 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

 

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SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS's revenue in October 2020?

ChipMOS reported revenue of NT$2,068.7 million (US$72.4 million) for October 2020.

How much did ChipMOS's revenue grow in October 2020 compared to September 2020?

ChipMOS's revenue increased by 9.0% from September 2020.

What is the year-over-year revenue growth for ChipMOS in October 2020?

ChipMOS achieved an 8.9% year-over-year revenue growth in October 2020.

What sectors are driving ChipMOS's revenue growth?

Revenue growth is driven by increasing demand in memory and DDIC sectors.