ChipMOS REPORTS 28.4% INCREASE IN JANUARY 2024 REVENUE YEAR OVER YEAR

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HSINCHU, Feb. 7, 2024 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (NASDAQ:IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported its unaudited consolidated revenue for the month of January 2024 increased 28.4% on a year over year basis. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.29 to US$1.00 as of January 31, 2024.

Revenue for the month of January 2024 was NT$1,708.5 million or US$54.6 million, representing a decrease of 9.2% from December 2023, and an increase of 28.4% from January 2023. The Company noted that it is benefitting from continued improved inventory stabilization and demand recovery in its memory products. This strength is helping to offset the ongoing impact of broader market softness due to conservatism in order patterns and end demand related inventory management.

Consolidated Monthly Revenues (Unaudited)

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