ChipMOS REPORTS RECORD FEBRUARY 2022 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) reported record revenue of NT$2,096.9 million (US$74.8 million) for February 2022, marking a 7.1% increase year-over-year but a 7.7% decline month-over-month. The revenue reflects favorable supply and demand dynamics and stable higher utilization across its DDIC high-end test platform. This strong performance highlights ChipMOS's position as a leading provider of outsourced semiconductor assembly and test services, despite a decrease from the previous month.

Positive

• Record revenue for February 2022 at NT$2,096.9 million (US$74.8 million).
• 7.1% year-over-year revenue increase.

Negative

• 7.7% month-over-month revenue decline from January 2022.

HSINCHU, March 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 February 2022. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$28.04 to US$1.00 as of February 28, 2022.

Revenue for the month of February 2022 was NT$2,096.9 million or US$74.8 million, an increase of 7.1% compared to February 2021 and a decrease of 7.7% compared to January 2022. The record high February 2022 revenue level reflects continued favorable supply and demand dynamics, and the benefit of stable higher utilization level across its DDIC high-end test platform.

Consolidated Monthly Revenues (Unaudited)
	February 2022	January 2022	February 2021	MoM Change	YoY Change
Revenues (NT$ million)	2,096.9	2,273.0	1,957.4	-7.7%	7.1%
Revenues (US$ million)	74.8	81.1	69.8	-7.7%	7.1%

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

 

View original content:https://www.prnewswire.com/news-releases/chipmos-reports-record-february-2022-revenue-301499679.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS's revenue for February 2022?

ChipMOS reported revenue of NT$2,096.9 million (US$74.8 million) for February 2022.

How does February 2022 revenue compare to the previous month?

February 2022 revenue decreased by 7.7% compared to January 2022.

What is the year-over-year revenue change for ChipMOS in February 2022?

The year-over-year revenue increase for February 2022 was 7.1% compared to February 2021.

What factors contributed to ChipMOS's February 2022 revenue performance?

The revenue was driven by favorable supply and demand dynamics and higher utilization levels across the DDIC high-end test platform.

What is the stock symbol for ChipMOS Technologies?

The stock symbol for ChipMOS Technologies is IMOS, listed on NASDAQ.