ChipMOS REPORTS MARCH 2019 AND 1Q19 REVENUE
HSINCHU,April 10,2019 /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 March 2019and for the firstquarter ended March 31,2019. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.86 toUS$1.00 as of March 29,2019.
Revenue for the month of March 2019was NT$1,583.6million or US$51.3 million,an increaseof19.2%fromthe month of February 2019 and an increaseof 8.2% fromthe same period in2018.
Revenue for thefirst quarter of 2019 was NT$4,462.0 million or US$144.6 million,representing a decrease of 10.3%fromthe fourth quarter of 2018,and an increase of 11.2%from the firstquarter of 2018.
The Company noted that while revenue growth in March benefitted from continued strong demand ofTDDI combined with an uptick in orders for Niche DRAM and Flash product,the first quarter normally represents the low period of the year for the industry,followed by revenue growth in Q2,Q3 and Q4.This is due to fewer working days around the Chinese New Year holiday and semiconductor chain inventory rebalancing at the start of the New Year.
Consolidated Monthly Revenues (Unaudited)
March 2019
February 2019
March 2018
MoM Change
YoY Change
Revenues
(NT$ million)
1,583.6
1,328.5
1,463.6
19.2%
8.2%
Revenues
(US$ million)
51.3
43.0
47.4
19.2%
8.2%
Consolidated Quarterly Revenues (Unaudited)
First Quarter 2019
Fourth Quarter 2018
First Quarter 2018
QoQ Change
YoY Change
Revenues
(NT$ million)
4,462.0
4,972.3
4,011.0
-10.3%
11.2%
Revenues
(US$ million)
144.6
161.1
130.0
-10.3%
11.2%
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC.(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. 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
jesse_huang@chipmos.com
In the U.S.
David Pasquale
Global IR Partners
+1-914-337-8801
dpasquale@globalirpartners.com
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