HSINCHU, Taiwan, Jan. 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 December 2018 and for the fourth quarter ended December 31, 2018. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.61 to US$1.00 as of December 31, 2018.
Revenue for the month of December 2018 was NT$1,538.0 million or US$50.2 million, a decrease of 5.1% from the month of November 2018 and an increase of 9.0% from the same period in 2017.
Revenue for the fourth quarter of 2018 was NT$4,972.3 million or US$162.4 million, representing a decrease of 0.7% from the third quarter of 2018, and an increase of 12.8% from the fourth quarter of 2017.
The Company noted it is continuing to benefit from strong demand for TDDI with higher utilization levels of related wafer test, and mixed signal product. Revenue growth was adversely impacted by broader macro softness in the memory market.
Consolidated Monthly Revenues (Unaudited) | |||||
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| December 2018 | November 2018 | December 2017 | MoM Change | YoY Change |
Revenues (NT$ million) | 1,538.0 | 1,620.8 | 1,411.6 | -5.1% | 9.0% |
Revenues (US$ million) | 50.2 | 53.0 | 46.1 | -5.1% | 9.0% |
Consolidated Quarterly Revenues (Unaudited) | |||||
|
| Fourth Quarter 2018 | Third Quarter 2018 | Fourth Quarter 2017 | QoQ Change | YoY Change |
Revenues (NT$ million) | 4,972.3 | 5,005.2 | 4,408.3 | -0.7% | 12.8% |
Revenues (US$ million) | 162.4 | 163.5 | 144.0 | -0.7% | 12.8% |
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 | In the U.S. David Pasquale Global IR Partners +1-914-337-8801 |
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SOURCE ChipMOS TECHNOLOGIES INC.
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