Market Overview

ChipMOS REPORTS JULY 2020 REVENUE; ACHIEVES SIX-YEAR HIGH

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HSINCHU, Aug. 10, 2020 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (NASDAQ:IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of July 2020, which achieved a six-year high for July revenue.  All U.S. dollar figures cited in this press release are based on the exchange rate of NT$29.34 to US$1.00 as of July 31, 2020.

Revenue for the month of July 2020 was NT$1,886.6 million or US$64.3 million, an increase of 8.6% as compared to July 2019 and an increase of 5.7% compared to June 2020.  The Company noted it continues to benefit from growth in its memory business, led by Commodity DRAM and NOR flash demand in support of cloud-based storage services and applications and higher demand from the gaming market.  Within 8" COF of DDIC benefited from increase related to work from home demand for notebooks and monitors.

Consolidated Monthly Revenues (Unaudited)


July 2020

June 2020

July 2019

MoM Change

YoY Change

Revenues

(NT$ million)

1,886.6

1,784.5

1,737.3

5.7%

8.6%

Revenues

(US$ million)

64.3

60.8

59.2

5.7%

8.6%

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (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

 

Cision View original content:http://www.prnewswire.com/news-releases/chipmos-reports-july-2020-revenue-achieves-six-year-high-301108843.html

SOURCE ChipMOS TECHNOLOGIES INC.

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