ChipMOS REPORTS RECORD APRIL 2021 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported record revenue of NT$2,283.4 million (US$81.8 million) for April 2021, marking a 23.1% year-over-year increase but a 2.6% month-over-month decrease. The company continues to experience strong demand for its semiconductor assembly and test services, contributing to tight capacity in high-end DDIC tests and memory lines. Revenue figures reflect the favorable operating backdrop despite the slight decline from March 2021 levels.

Positive

• Record revenue of NT$2,283.4 million (US$81.8 million) for April 2021.
• Year-over-year revenue increased by 23.1% compared to April 2020.
• Strong demand growth and better ASPs across business units.

Negative

• Month-over-month revenue decreased by 2.6% from March 2021.

HSINCHU, May 10, 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 April 2021. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$27.90 to US$1.00 as of April 30, 2021.

Revenue for the month of April 2021 was NT$2,283.4 million or US$81.8 million, an increase of 23.1% compared to April 2020 and a decrease of 2.6% compared to March 2021. This represented a record level for the month of April, as the Company continues to benefit from strong demand growth and better ASPs across its business. The Company noted capacity remains tightened for its high-end DDIC test and memory lines, which continues to provide a positive operating backdrop.

Consolidated Monthly Revenues (Unaudited)
	April 2021	March 2021	April 2020	MoM Change	YoY Change
Revenues (NT$ million)	2,283.4	2,344.6	1,854.3	-2.6%	23.1%
Revenues (US$ million)	81.8	84.0	66.5	-2.6%	23.1%

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

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SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What is the revenue reported by ChipMOS for April 2021?

ChipMOS reported revenue of NT$2,283.4 million (US$81.8 million) for April 2021.

How does ChipMOS's April 2021 revenue compare to March 2021?

April 2021 revenue decreased by 2.6% compared to March 2021.

What was the year-over-year revenue growth for ChipMOS in April 2021?

ChipMOS experienced a year-over-year revenue growth of 23.1% in April 2021 compared to April 2020.

What factors contributed to ChipMOS's revenue performance in April 2021?

Strong demand growth and better average selling prices (ASPs) contributed to ChipMOS's revenue performance.

What capacity challenges is ChipMOS facing as of April 2021?

ChipMOS noted tightened capacity for its high-end DDIC test and memory lines.