ChipMOS REPORTS OCTOBER 2019 REVENUE; 8.5% GROWTH MONTH OVER MONTH
HSINCHU, Nov. 6, 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 October 2019. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.44 to US$1.00 as of October 31, 2019.
Revenue for the month of October 2019 was NT$1,898.9 million or US$62.4 million, an increase of 8.5% from the month of September 2019 and an increase of 4.7% from the same period in 2018. The Company noted that it is benefiting from increasing demand with healthy customer inventory levels. Demand remains strong in the Company’s NOR Flash revenue business, with continued growth in its DRAM businesses.
Consolidated Monthly Revenues (Unaudited)
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.
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.
ChipMOS TECHNOLOGIES INC.
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