ChipMOS REPORTS 6.2% YoY INCREASE IN 3Q23 REVENUE AND 20.2% YoY INCREASE SEPTEMBER 2023 REVENUE
HSINCHU, Oct. 6, 2023 /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 September 2023 and for the third quarter ended September 30, 2023. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.24 to US$1.00 as of September 29, 2023.
Revenue for the third quarter of 2023 was NT$5,581.5 million or US$173.1 million, representing an increase of 2.5% from the second quarter of 2023, and an increase of 6.2% from the third quarter of 2022. The Company noted revenue growth in the third quarter of 2023, both year over year and quarter over quarter, reflects healthier channel inventory levels, and stable loading levels of DDIC high-end test platform.
Revenue for the month of September 2023 was NT$1,912.3 million or US$59.3 million, representing an increase of 4.3% from August 2023, and an increase of 20.2% from September 2022.
Consolidated Monthly Revenues (Unaudited) | |||||
September 2023 | August 2023 | September 2022 | MoM Change | YoY Change | |
Revenues (NT$ million) | 1,912.3 | 1,833.0 | 1,590.9 | 4.3 % | 20.2 % |
Revenues (US$ million) | 59.3 | 56.9 | 49.3 | 4.3 % | 20.2 % |
Consolidated Quarterly Revenues (Unaudited) | |||||
Third Quarter 2023 | Second Quarter 2023 | Third Quarter 2022 | QoQ Change | YoY Change | |
Revenues (NT$ million) | 5,581.5 | 5,444.1 | 5,254.0 | 2.5 % | 6.2 % |
Revenues (US$ million) | 173.1 | 168.9 | 163.0 | 2.5 % | 6.2 % |
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 | In the U.S. David Pasquale Global IR Partners +1-914-337-8801 |
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SOURCE ChipMOS TECHNOLOGIES INC.
