ChipMOS REPORTS OCTOBER 2021 REVENUE INCREASES 10.7% YoY

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) has reported consolidated revenue of NT$2,289.4 million (US$82.3 million) for October 2021. This figure represents a 10.7% year-over-year increase from October 2020, but a 2.3% decline compared to September 2021. The company attributes revenue growth to an improved product mix and high utilization of its high-end testing platforms. The exchange rate used was NT$27.83 to US$1.00 as of October 29, 2021.

Positive

• 10.7% year-over-year revenue increase to NT$2,289.4 million (US$82.3 million)
• High utilization of DDIC high-end test and memory platforms

Negative

• 2.3% month-over-month revenue decline from September 2021

HSINCHU, Nov. 8, 2021 /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 2021.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$27.83 to US$1.00 as of October 29, 2021.

Revenue for the month of October 2021 was NT$2,289.4 million or US$82.3 million, an increase of 10.7% compared to October 2020 and a decrease of 2.3% compared to September 2021. The Company noted it is benefitting from a better product mix, with its DDIC high-end test and memory platforms remaining at a high utilization level.

Consolidated Monthly Revenues (Unaudited)
	October 2021	September 2021	October 2020	MoM Change	YoY Change
Revenues (NT$ million)	2,289.4	2,343.8	2,068.7	-2.3%	10.7%
Revenues (US$ million)	82.3	84.2	74.3	-2.3%	10.7%

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 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

View original content:https://www.prnewswire.com/news-releases/chipmos-reports-october-2021-revenue-increases-10-7-yoy-301418207.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS's revenue for October 2021?

ChipMOS reported a revenue of NT$2,289.4 million (US$82.3 million) for October 2021.

How does October 2021 revenue compare to previous months?

October 2021 revenue increased by 10.7% year-over-year but decreased by 2.3% compared to September 2021.

What is the year-over-year revenue growth percentage for ChipMOS in October 2021?

The year-over-year revenue growth for ChipMOS in October 2021 was 10.7%.

What factors contributed to ChipMOS's revenue growth in October 2021?

The revenue growth was attributed to a better product mix and high utilization of testing platforms.

What is the stock symbol for ChipMOS on NASDAQ?

The stock symbol for ChipMOS on NASDAQ is IMOS.