Hsinchu, Taiwan, November 15, 2010 - ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS) today reported unaudited consolidated financial results for the third quarter ended September 30, 2010. All U.S. dollar figures in this release are based on the exchange rate of NT$31.19 to US$1.00 as of September 30, 2010.

Net revenue on a US GAAP basis for the third quarter of 2010 was NT$4,717.2 million or US$151.2 million, an increase of 4.9% from NT$4,498.4 million or US$144.2 million in the second quarter and an increase of 40.9% from NT$3,347.1 million or US$107.3 million for the same period in 2009.

Net income attributable to ChipMOS on a US GAAP basis for the third quarter of 2010 was NT$51.0 million or US$1.6 million, and NT$0.50 or US$0.02 per basic common share, compared to net loss attributable to ChipMOS of NT$49.7 million or US$1.6 million, and NT$0.51 or US$0.02 per basic common share, for the second quarter. Net income attributable to ChipMOS under US GAAP includes non-cash gain for changes in the fair value of the embedded derivative liabilities of NT$11.5 million or US$0.3 million and amortization of discount on convertible notes of NT$1.5 million or US$0.1 million for the third quarter of 2010, and non-cash loss for changes in the fair value of the embedded derivative liabilities of NT$254.4 million or US$8.2 million and amortization of discount on convertible notes of NT$2.8 million or US$0.1 million for the second quarter. Excluding the above special items regarding the convertible notes, non-GAAP adjusted net income attributable to ChipMOS for the third quarter of 2010 was NT$41.0 million or US$1.4 million, and NT$0.40 or US$0.01 per basic common share, compared to non-GAAP adjusted net income attributable to ChipMOS of NT$207.5 million or US$6.7 million, and NT$2.14 or US$0.07 per basic common share in the second quarter.

S.J. Cheng, Chairman and Chief Executive Officer of ChipMOS, said, "We are encouraged with our results for the third quarter as revenue increased 40.9% on a year over year basis and was 4.9% higher than the prior second quarter of 2010, while our gross margin rebounded to 9.3% in 3Q10 compared to 5.2% in 2Q10. We continue to benefit from our business and customer diversification efforts into higher margin opportunities, including flash, with Mask ROM, which achieved 26.6% revenue growth compared to 2Q10, and our LCD driver business, with gold bumping, which had 10.4% revenue growth compared to 2Q10. Reflecting broader market trends, moderate growth seen in July and August in our DRAM and mixed-signal businesses, was followed by softer demand in September from the large-screen LCD TV and corporate PC replacement market segments. The overall driver IC business appears to have bottomed and is improving going into 4Q10. Separately, demand for our chip-on-glass (COG) and gold bumping services remained strong through the end of the third quarter. The demand was led by applications, including tablet computers and smartphones, where average capacity utilization was running at approximately 88% in 3Q10."

S.K. Chen, Chief Financial Officer of ChipMOS, said, "We continue to focus on profitable revenue opportunities, cost controls, margin expansion, disciplined CapEx practices and debt reduction. While we have been running near full utilization levels, the blended rate showed a decline to 77% in 3Q10 from 81% in 2Q10. This is solely due to the additional capacity recently brought online from our strategic transaction with SPIL. This additional capacity is essential to support customer demand levels, especially in our LCD driver business. The transaction also allowed us to preserve our cash levels while we replaced certain DRAM test capacity. Our announced niche/mobile DRAM-focused strategy further helped us in the quarter to maintain memory test capacity utilization at around 80%. Our balance of cash and cash equivalents improved to US$175.8 million as of September 30, 2010. This does not include the US$67.8 million from the settlement of our breach of contract damage claim with Spansion, which was received on October 13, 2010. We intend to now reduce our total debt by approximately US$100 million in 4Q10, followed by a further reduction of approximately US$110 million to US$120 million in 2011. This will materially reduce our debt servicing costs, improve our operating cash flow and margins, while also significantly improving the Company's financial strength."

Fourth Quarter 2010 Outlook
Mr. Cheng continued, "While we remain very confident in our business, we expect our 4Q10 results to be impacted by broader market softness. This is inline with recent reports across the overall semiconductor industry. Based on current demand levels, we currently expect revenue will decline by approximately 6% to 12% compared to 3Q10. We currently expect a 2% gross margin on a consolidated basis due to the sequentially lower revenue level. Our receipt of the Spansion damage claim payment is anticipated to significantly increase our available cash and this payment will be reflected in our fourth quarter operating results. We expect our gross margin to return to more normal historic levels in 2011."

"Importantly, we expect our revenue will resume growth in 2011 based on stabilization from our business strategy, with our focus on more profitable niche segments and de-emphasis of the commodity DRAM segment. We are also encouraged by our LCD driver and flash businesses, which are now experiencing stronger demand levels. Demand levels also continue to increase for our gold bumping services, led by small display panel applications, including smartphones."

Investor Conference Call / Webcast Details
ChipMOS will review detailed third quarter 2010 results on Monday, November 15, 2010 at 6:00 pm EDT (7:00 am, November 16, Taiwan time). The conference call-in number is 1-201-689-8562. A live webcast of the conference call will be available at ChipMOS' website at http://www.chipmos.com. The playback will be available in 2 hours after the conclusion of the conference call and will be accessible by dialing 1-858-384-5517. To access the replay use confirmation ID number 358768.

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.

The unaudited consolidated financial results of ChipMOS for the third quarter ended Sep. 30, 2010 included the financial results of ChipMOS TECHNOLOGIES INC., ChipMOS U.S.A., Inc., MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD., and ThaiLin Semiconductor Corp.

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.

Use of Non-GAAP Information
Readers are reminded that non-GAAP numbers contained in this announcement are merely a supplement to, and not a replacement for, the GAAP financial measures. These non-GAAP numbers should be read in conjunction with the US GAAP financial measures. It should be noted as well that the non-GAAP information provided in this announcement may be different from the non-GAAP information provided by other companies.

Contacts:

In Taiwan
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.
+886-6-507-7712
s.k._chen@chipmos.com

In the U.S.
Chesha Gibbons
Director of Investor Relations
+415-730-1307
chesha_gibbons@chipmos.com

David Pasquale
Global IR Partners
+1-914-337-8801
dpasquale@globalirpartners.com