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Dec 18, 2007
ChipMOS REPORTS NOVEMBER 2007 REVENUE; COMPANY UPDATES 4Q07 GUIDANCE
ChipMOS REPORTS NOVEMBER 2007 REVENUE; COMPANY UPDATES 4Q07 GUIDANCE
HSINCHU, Taiwan, Dec. 18, 2007 - ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company"; Nasdaq: IMOS) today reported its unaudited consolidated revenue for the month of November 2007.
Revenue for the month of November 2007 was NT$2,079.2 million or US$64.4 million, a decrease of 2.3% from the month of October 2007 and an increase of 4.3% from the same period in 2006. (All translations from NT dollars to U.S. dollars were made at the exchange rate of NT$32.265 against US$1.00 as of November 30, 2007.)
Consolidated Monthly Revenues (Unaudited)
ChipMOS' November 2007 consolidated revenue included revenues of ChipMOS TECHNOLOGIES INC., ChipMOS Japan Inc., ChipMOS U.S.A., Inc., ChipMOS TECHNOLOGIES (H.K.) Limited, MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.
ChipMOS today also revised its guidance for the fourth quarter of 2007 to reflect the rapid decline in DRAM pricing and inventory oversupply in the channel. The Company had expected fourth quarter 2007 revenue growth of 5% to 9% compared to the third quarter of 2007 revenue of NT$5,939.4 million or US$184.1 million. The Company now expects revenue in the fourth quarter of 2007 to be approximately flat to slightly up compared to the third quarter of 2007, with US GAAP gross margin on a consolidated basis for the fourth quarter of 2007 similar to the 24.2% achieved in the third quarter of 2007. ChipMOS continues to counter falling DRAM ASPs with execution on cost controls and diligence in its capital expenditures. Capex for the full year 2007 is expected to be approximately US$190 million compared to US$487 million for the full year 2006. The Company remains cautious but expects market conditions will improve during the next few quarters with DRAM pricing improving first due to manufacturing constraints. Demand and pricing remain stable and continue to improve in the Company's flash and driver IC segments.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS ( http://www.chipmos.com/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. 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.
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.
Revenue for the month of November 2007 was NT$2,079.2 million or US$64.4 million, a decrease of 2.3% from the month of October 2007 and an increase of 4.3% from the same period in 2006. (All translations from NT dollars to U.S. dollars were made at the exchange rate of NT$32.265 against US$1.00 as of November 30, 2007.)
Consolidated Monthly Revenues (Unaudited)
ChipMOS' November 2007 consolidated revenue included revenues of ChipMOS TECHNOLOGIES INC., ChipMOS Japan Inc., ChipMOS U.S.A., Inc., ChipMOS TECHNOLOGIES (H.K.) Limited, MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.
ChipMOS today also revised its guidance for the fourth quarter of 2007 to reflect the rapid decline in DRAM pricing and inventory oversupply in the channel. The Company had expected fourth quarter 2007 revenue growth of 5% to 9% compared to the third quarter of 2007 revenue of NT$5,939.4 million or US$184.1 million. The Company now expects revenue in the fourth quarter of 2007 to be approximately flat to slightly up compared to the third quarter of 2007, with US GAAP gross margin on a consolidated basis for the fourth quarter of 2007 similar to the 24.2% achieved in the third quarter of 2007. ChipMOS continues to counter falling DRAM ASPs with execution on cost controls and diligence in its capital expenditures. Capex for the full year 2007 is expected to be approximately US$190 million compared to US$487 million for the full year 2006. The Company remains cautious but expects market conditions will improve during the next few quarters with DRAM pricing improving first due to manufacturing constraints. Demand and pricing remain stable and continue to improve in the Company's flash and driver IC segments.
About ChipMOS TECHNOLOGIES (Bermuda) LTD.:
ChipMOS ( http://www.chipmos.com/ ) is a leading independent provider of semiconductor testing and assembly services to customers in Taiwan, Japan, and the U.S. 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.
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.