HSINCHU, April 18, 2011 /PRNewswire-Asia-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company'') (NASDAQ: IMOS) today reported its unaudited consolidated revenue for the month and quarter ending March 31, 2011. The Company, while continuing to express its concern for the people of Japan, confirmed that it has not had nor does it expect any supply disruptions following Japan's earthquake and tsunami in March.
Revenue for the month of March 2011 was NT$1,567.0 million or US$53.3 million, an increase of 15.7% from the month of February 2011 and an increase of 20.9% from the same period in 2010. On a quarterly basis, revenue for the first quarter of 2011 was NT$4,469.6 million or US$152.0 million, an increase of 3.4% from the fourth quarter of 2010 and an increase of 21.7% from the same period in 2010. First quarter revenue is consistent with overall semiconductor market trends and inline with prior guidance provided on March 16, 2011 for 1Q11 revenue indicating an increase by approximately 1% to 7% compared to 4Q10. All U.S. figures in this release are based on the exchange rate of NT$29.40 to U.S.$1.00 as of March 31, 2011.
| Consolidated Monthly Revenues (Unaudited) | |||||
| March 2011 | February 2011 | March 2010 | MoM Change | YoY Change | |
| Revenues (NT$ million) |
1,567.0 | 1,353.8 | 1,296.4 | 15.7% | 20.9% |
| Revenues (US$ million) |
53.3 | 46.0 | 44.1 | 15.7% | 20.9% |
| Consolidated Quarterly Revenues (Unaudited) | |||||
| First Quarter 2011 | Fourth Quarter 2010 | First Quarter 2010 | QoQ Change | YoY Change | |
| Revenues (NT$ million) |
4,469.6 | 4,322.6 | 3,671.5 | 3.4% | 21.7% |
| Revenues (US$ million) |
152.0 | 147.0 | 124.9 | 3.4% | 21.7% |
ChipMOS' March 2011 consolidated revenues included revenues 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.
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.
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 +1-415-730-1307 chesha_gibbons@chipmos.com
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