ChipMOS REPORTS NOVEMBER 2014 REVENUE; 4Q REVENUE EXPECTED AT HIGH-END OF PRIOR GUIDANCE
Hsinchu, Taiwan, December 10, 2014 - 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 November 2014.
Revenue for the month of November 2014 was NT$1,948.6 million or US$62.9 million, an increase of 0.3% from the month of October 2014 and an increase of 20.2% from the same period in 2013. The Company noted it continues to expect 4Q 2014 to come in stronger than the seasonal norm led by growth in its DRAM, LCD driver businesses and mixed-signal businesses. Based on reported revenue for the months of October and November of 2014, the Company now expects to come in at the high-end of its prior guidance, which called for 4Q 2014 revenue to be flat to down in the low single digits, as compared to 3Q 2014. The Company continues to expect gross margin on a consolidated basis will be in the range of approximately 23% to 26% for 4Q 2014. All U.S. figures in this release are based on the exchange rate of NT$30.99 to US$1.00 as of November 28, 2014.
ChipMOS' November 2014 consolidated revenues included revenues of ChipMOS TECHNOLOGIES INC. ("ChipMOS Taiwan"), 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 Taiwan, is listed on the Taiwan Stock Exchange 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
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
+886-6-507-7712
s.k._chen@chipmos.com
In the U.S.
David Pasquale
Global IR Partners
+1-914-337-8801
dpasquale@globalirpartners.com