ChipMOS REPORTS RECORD APRIL 2022 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported its consolidated revenue for April 2022 at NT$2,344.2 million (US$79.7 million), reflecting a 2.7% year-over-year increase but a slight 0.5% decrease from March 2022. The company attributes this performance to strong customer demand in its memory and DDIC sectors, despite one fewer workday in April. The ongoing utilization of high-end test platforms played a crucial role in maintaining revenue levels amidst minor fluctuations.

Positive

• Revenue increased 2.7% year-over-year.
• Strong customer demand in memory products and DDIC businesses.
• High utilization of advanced testing platforms.

Negative

• Revenue decreased 0.5% month-over-month.

HSINCHU, May 10, 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 April 2022.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.43 to US$1.00 as of April 29, 2022.

Revenue for the month of April 2022 was NT$2,344.2 million or US$79.7 million, an increase of 2.7% compared to April 2021 and a decrease of 0.5% compared to March 2022. The Company noted continued healthy customer demand in both its memory products and DDIC businesses, combined with its continued high utilization level of high-end test platform, more than offset the one fewer work day in April compared to March.

Consolidated Monthly Revenues (Unaudited)
	April 2022	March 2022	April 2021	MoM Change	YoY Change
Revenues (NT$ million)	2,344.2	2,355.3	2,283.4	-0.5%	2.7%
Revenues (US$ million)	79.7	80.0	77.6	-0.5%	2.7%

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 is known for its track record of excellence and history of innovation. The Company provides end-to-end 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, 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

 

View original content:https://www.prnewswire.com/news-releases/chipmos-reports-record-april-2022-revenue-301543297.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS's revenue for April 2022?

ChipMOS reported revenue of NT$2,344.2 million or US$79.7 million for April 2022.

How did April 2022 revenues compare to March 2022 for IMOS?

April 2022 revenues decreased by 0.5% compared to March 2022.

What was the year-over-year revenue growth for ChipMOS in April 2022?

ChipMOS experienced a year-over-year revenue growth of 2.7% in April 2022.

What factors contributed to ChipMOS's revenue performance in April 2022?

Strong customer demand for memory products and DDIC, along with high utilization of testing platforms, contributed to the revenue performance.