Quantcast

ChipMOS REPORTS MARCH 2014 AND 1Q14 REVENUE

April 10, 2014

HSINCHU, April 10, 2014 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS” or the “Company”) (NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and testing services (“OSAT”), today reported its unaudited consolidated revenue for the month of March 2014 and first quarter ended March 31, 2014.

Revenue for the month of March 2014 was NT$1,740.0 million or US$57.1 million, an increase of 6.9% from the month of February 2014 and an increase of 7.9% from the same period in 2013. On a quarterly basis, revenue for the first quarter of 2014 was NT$4,989.0 million or US$163.8 million, an increase of 2.0% from the fourth quarter of 2013 and an increase of 12.9% from the same period in 2013. First quarter 2014 revenue came in at the high-end of the Company’s guidance, which called for revenue to be flat to up in the low single digits as compared to the fourth quarter of 2013, led by healthy demand from the LCD driver and memory market for both mobile applications and UHD TVs. All U.S. figures in this release are based on the exchange rate of NT$30.45 to US$1.00 as of March 31, 2014.

    Consolidated Monthly Revenues (Unaudited)
    ----------------------------------------

                             March 2014       February 2014   March 2013   MoM Change    YoY Change
                             ----------       -------------   ----------   ----------    ----------

          Revenues                1,740.0             1,627.3      1,612.3          6.9%          7.9%

             (NT$
           million)

          Revenues                   57.1                53.4         52.9          6.9%          7.9%

             (US$
           million)

    Consolidated Quarterly Revenues (Unaudited)
    ------------------------------------------

                              First Quarter 2014         Fourth Quarter 2013         First Quarter 2013         QoQ Change      YoY Change
                              ------------------         -------------------         ------------------         ----------      ----------

            Revenues                             4,989.0                     4,890.1                    4,420.7            2.0%            12.9%

              (NT$
             million)

            Revenues                               163.8                       160.6                      145.2            2.0%            12.9%

              (US$
             million)

ChipMOS’ March 2014 consolidated revenues included revenues of ChipMOS TECHNOLOGIES INC., ChipMOS U.S.A., Inc., ThaiLin Semiconductor Corp. and MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD.

About ChipMOS TECHNOLOGIES (Bermuda) LTD.:

ChipMOS TECHNOLOGIES (Bermuda) LTD. (“ChipMOS” or the “Company”) (NASDAQ: IMOS) (http://www.chipmos.com) is an industry leading provider of semiconductor assembly and testing services. With advanced facilities in Hsinchu and Southern Taiwan Science Parks in Taiwan and Shanghai, ChipMOS and its subsidiaries provide testing and assembly services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries. The Company’s majority-owned subsidiary, ChipMOS TECHNOLOGIES INC. (“ChipMOS Taiwan”), is listed on Taiwan’s emerging stock board of the Gre Tai Securities Market under Stock Ticker 8150.

Forward-Looking Statements

Certain statements contained in this announcement may be viewed as “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is 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                           In the U.S.

    Dr. S.K. Chen                       David Pasquale

    ChipMOS TECHNOLOGIES (Bermuda) LTD. Global IR Partners

    +886-6-507-7712                     +1-914-337-8801

    s.k._chen@chipmos.com               dpasquale@globalirpartners.com
    ---------------------               ------------------------------

SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.


Source: PR Newswire



comments powered by Disqus