ChipMOS REPORTS RECORD MAY 2022 REVENUE

Rhea-AI Summary

ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced record revenue of NT$2,396.7 million (US$82.7 million) for May 2022, marking a 2.5% increase year-over-year and a 2.2% increase compared to April 2022. This growth was attributed to sustained demand in memory products and DDIC businesses. ChipMOS is noted for its role in outsourced semiconductor assembly and testing services, emphasizing its strong market position and operational excellence.

Positive

• Record revenue of NT$2,396.7 million (US$82.7 million) in May 2022.
• 2.5% year-over-year revenue growth compared to May 2021.
• 2.2% month-over-month revenue growth from April 2022.
• Sustained demand in memory products and DDIC businesses boosted revenue.

Negative

• None.

HSINCHU, June 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 May 2022.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$28.99 to US$1.00 as of May 31, 2022.

Revenue for the month of May 2022 was NT$2,396.7 million or US$82.7 million, an increase of 2.5% compared to May 2021 and an increase of 2.2% compared to April 2022. The Company noted its record May revenue was the result of a combination of sustained demand and favorable dynamics in its memory products and DDIC businesses.

Consolidated Monthly Revenues (Unaudited)
	May 2022	April 2022	May 2021	MoM Change	YoY Change
Revenues (NT$ million)	2,396.7	2,344.2	2,338.6	2.2%	2.5%
Revenues (US$ million)	82.7	80.9	80.7	2.2%	2.5%

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 leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.

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-may-2022-revenue-301565563.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS's revenue for May 2022?

ChipMOS's revenue for May 2022 was NT$2,396.7 million (US$82.7 million).

How did ChipMOS's May 2022 revenue compare to previous months?

May 2022 revenue increased by 2.2% compared to April 2022 and by 2.5% compared to May 2021.

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

The revenue growth was driven by sustained demand in its memory products and DDIC businesses.

What stock symbol represents ChipMOS?

ChipMOS is represented by the stock symbol IMOS on NASDAQ.