ChipMOS REPORTS 6-YEAR HIGH FOR NOVEMBER MONTHLY REVENUE

ChipMOS TECHNOLOGIES INC.

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ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) announced a record revenue of NT$2,051 million (US$71.8 million) for November 2020, achieving a 6-year high for the month. This revenue reflects a slight decrease of 0.9% compared to October 2020, but marks a significant increase of 10.9% year-over-year from November 2019. The revenue growth is attributed to strong demand for TDDI from new smartphones and increased memory requirements, showcasing favorable market conditions and high utilization levels.

Positive

Achieved a 6-year high in November revenue.
Revenue of NT$2,051 million (US$71.8 million) reflects a 10.9% year-over-year increase.
Strong demand for TDDI and increased Memory demand contributing to growth.

Negative

Revenue decreased by 0.9% compared to October 2020.

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12/10/2020 - 06:00 AM

HSINCHU, Dec. 10, 2020 /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 November 2020. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$28.55 to US$1.00 as of November 30, 2020.

The Company noted this represents a 6-year high for November monthly revenue. ChipMOS continues to benefit from favorable market dynamics and high utilization levels. Growth is being led by strong TDDI from new smartphone, and increased Memory demand.

Revenue for the month of November 2020 was NT$2,051.0 million or US$71.8 million, a decrease of 0.9% as compared to October 2020 and an increase of 10.9% compared to November 2019.

Consolidated Monthly Revenues (Unaudited)
	November 2020	October 2020	November 2019	MoM Change	YoY Change
Revenues (NT$ million)	2,051.0	2,068.7	1,849.1	-0.9%	10.9%
Revenues (US$ million)	71.8	72.5	64.8	-0.9%	10.9%

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 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

View original content:http://www.prnewswire.com/news-releases/chipmos-reports-6-year-high-for-november-monthly-revenue-301190024.html

SOURCE ChipMOS TECHNOLOGIES INC.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What was ChipMOS' revenue for November 2020?

ChipMOS reported revenue of NT$2,051 million (US$71.8 million) for November 2020.

How does November 2020 revenue compare to previous months?

The revenue for November 2020 decreased by 0.9% compared to October 2020 but increased by 10.9% from November 2019.

What factors contributed to ChipMOS' revenue growth in November 2020?

The growth was driven by strong demand for TDDI from new smartphones and increased Memory demand.

Is the November 2020 revenue record significant for ChipMOS?

Yes, it represents a 6-year high for November monthly revenue.

What is the stock symbol for ChipMOS?

ChipMOS is listed under the stock symbol IMOS.

ChipMOS REPORTS 6-YEAR HIGH FOR NOVEMBER MONTHLY REVENUE