ChipMOS REPORTS RECORD JANUARY 2022 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced its consolidated revenue for January 2022, reporting NT$2,273 million (US$81.7 million), marking a 5.1% increase year-over-year and a 0.3% rise from December 2021. This record-setting revenue reflects strong demand despite fewer working days in January. The company continues to serve a diverse client base in the semiconductor industry, providing outsourced assembly and test services.

Positive

• Record revenue of NT$2,273 million (US$81.7 million) in January 2022.
• 5.1% year-over-year revenue growth.
• 0.3% month-over-month revenue increase.

Negative

• None.

HSINCHU, Feb. 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 January 2022. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$27.82 to US$1.00 as of January 31, 2022.

Revenue for the month of January 2022 was NT$2,273.0 million or US$81.7 million, an increase of 5.1% compared to January 2021 and an increase of 0.3% compared to December 2021. The record high January revenue level reflects favorable supply and demand dynamics. The Company noted that strong demand more than offset the shorter number of work days in January compared to December.

Consolidated Monthly Revenues (Unaudited)
	January 2022	December 2021	January 2021	MoM Change	YoY Change
Revenues (NT$ million)	2,273.0	2,265.5	2,163.3	0.3%	5.1%
Revenues (US$ million)	81.7	81.4	77.8	0.3%	5.1%

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 ChipMOS's revenue for January 2022?

ChipMOS reported a revenue of NT$2,273 million, equivalent to US$81.7 million for January 2022.

How does January 2022 revenue compare to previous months?

January 2022 revenue increased by 5.1% year-over-year and 0.3% month-over-month.

What factors contributed to ChipMOS's revenue growth in January 2022?

Strong demand in the semiconductor market helped offset the shorter number of working days in January.

What was the exchange rate used for the revenue figures?

The exchange rate was NT$27.82 to US$1.00 as of January 31, 2022.

Which stock exchanges are ChipMOS listed on?

ChipMOS is listed on the Taiwan Stock Exchange and NASDAQ under the ticker symbol IMOS.