ChipMOS REPORTS RECORD FEBRUARY 2021 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported record revenue of NT$1,957.4 million (US$70.2 million) for February 2021, reflecting a 3.7% increase year-over-year. However, this represents a 9.5% decrease compared to January 2021. The company attributes the revenue growth to strong demand and fully utilized high-end testing lines. The revenue figures were based on an exchange rate of NT$27.87 to US$1.00 as of February 26, 2021. ChipMOS continues to provide outsourced semiconductor assembly and test services from its facilities in Taiwan.

Positive

• Record February 2021 revenue of NT$1,957.4 million (US$70.2 million).
• 3.7% year-over-year revenue growth.
• High-end DDIC test and memory lines fully utilized, indicating strong operational capacity.

Negative

• 9.5% decrease in revenue compared to January 2021.

HSINCHU, March 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 February 2021.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$27.87 to US$1.00 as of February 26, 2021.

Revenue for the month of February 2021 was NT$1,957.4 million or US$70.2 million, an increase of 3.7% compared to February 2020 and a decrease of 9.5% compared to January.  This represented a record level for the month of February, as the Company continues to benefit from strong demand and ASPs across its business.  High-end DDIC test and memory lines remain at capacity and fully utilized, which continues the positive trends from 2020.

Consolidated Monthly Revenues (Unaudited),
	February 2021	January 2021	February 2020	MoM Change	YoY Change
Revenues (NT$ million)	1,957.4	2,163.3	1,887.7	-9.5%	3.7%
Revenues (US$ million)	70.2	77.6	67.7	-9.5%	3.7%

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 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

 

View original content:http://www.prnewswire.com/news-releases/chipmos-reports-record-february-2021-revenue-301244080.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS's revenue in February 2021?

ChipMOS's revenue for February 2021 was NT$1,957.4 million (US$70.2 million).

How does February 2021 revenue compare to January 2021 for IMOS?

February 2021 revenue decreased by 9.5% compared to January 2021.

What is the year-over-year revenue growth reported by ChipMOS?

ChipMOS reported a 3.7% year-over-year revenue growth in February 2021.

What factors contributed to ChipMOS's revenue increase in February 2021?

The revenue increase was attributed to strong demand and fully utilized high-end testing lines.

How is the revenue of ChipMOS affected by currency exchange rates?

Revenue figures are based on an exchange rate of NT$27.87 to US$1.00 as of February 26, 2021.