ChipMOS REPORTS 10.4% YoY INCREASE IN MAY 2024 REVENUE

Rhea-AI Summary

ChipMOS Technologies reported a 10.4% year-over-year (YoY) increase in revenue for May 2024, totaling NT$2,024.3 million (US$62.3 million). This marks an 8.4% increase from April 2024. The company attributes the growth to improved customer inventory stabilization and overall market expansion. All figures are based on an exchange rate of NT$32.48 to US$1.00 as of May 31, 2024.

Positive

• Revenue increased by 10.4% YoY, indicating strong annual growth.
• Revenue for May 2024 was NT$2,024.3 million (US$62.3 million), up 8.4% from April 2024.
• Improved customer inventory stabilization contributed positively to revenue.
• Broad market growth provided a favorable business environment.

Negative

• The data presented is unaudited, which may lead to later revisions.
• Dependence on exchange rate NT$32.48 to US$1.00 could affect future revenue reports.

HSINCHU, June 7, 2024 /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 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.48 to US$1.00 as of May 31, 2024.

Revenue for the month of May 2024 was NT$2,024.3 million or US$62.3 million, representing an increase of 8.4% from April 2024, and an increase of 10.4% from May 2023. The Company is benefiting from improved customer inventory stabilization and broader market growth.

Consolidated Monthly Revenues (Unaudited)
	May 2024	April 2024	May 2023	MoM Change	YoY Change
Revenues    (NT$ million)	2,024.3	1,867.6	1,834.3	8.4 %	10.4 %
Revenues    (US$ million)	62.3	57.5	56.5	8.4 %	10.4 %

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (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. 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-10-4-yoy-increase-in-may-2024-revenue-302166773.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

What was ChipMOS's revenue for May 2024?

ChipMOS reported a revenue of NT$2,024.3 million (US$62.3 million) for May 2024.

How much did ChipMOS's revenue increase in May 2024 compared to April 2024?

ChipMOS's revenue increased by 8.4% from April 2024 to May 2024.

What was the year-over-year revenue growth for ChipMOS in May 2024?

ChipMOS saw a 10.4% increase in revenue in May 2024 compared to May 2023.

What exchange rate was used in ChipMOS's May 2024 revenue report?

ChipMOS used an exchange rate of NT$32.48 to US$1.00 in its May 2024 revenue report.