HSINCHU, July 9, 2014 /PRNewswire-FirstCall/ -- 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 June 2014 and second quarter ended June 30, 2014.
Revenue for the month of June 2014 was NT$1,799.7 million or US$60.3 million, a decrease of 1.6% from the month of May 2014 and an increase of 4.7% from the same period in 2013, primarily reflecting softness from the second half of June in the Company's LCD Driver business for both small and large panels. On a quarterly basis, revenue for the second quarter of 2014 was NT$5,413.4 million or US$181.2 million, an increase of 8.5% from the first quarter of 2014 and an increase of 9.6% from the same period in 2013. Second quarter 2014 revenue is in-line with the Company's guidance, which called for revenue to increase by approximately 8% to 12% as compared to the first quarter of 2014. The Company expects gross margin on a consolidated basis to be at the high-end of its prior guidance range of approximately 21% to 24% for the second quarter of 2014. All U.S. figures in this release are based on the exchange rate of NT$29.87 to US$1.00 as of June 30, 2014.
Consolidated Monthly Revenues (Unaudited) | |||||
June 2014 | May 2014 | June 2013 | MoM Change | YoY Change | |
Revenues (NT$ million) | 1,799.7 | 1,828.7 | 1,718.5 | -1.6% | 4.7% |
Revenues (US$ million) | 60.3 | 61.2 | 57.5 | -1.6% | 4.7% |
Consolidated Quarterly Revenues (Unaudited) | |||||
Second Quarter 2014 | First Quarter 2014 | Second Quarter 2013 | QoQ Change | YoY Change | |
Revenues (NT$ million) | 5,413.4 | 4,989.0 | 4,939.2 | 8.5% | 9.6% |
Revenues (US$ million) | 181.2 | 167.0 | 165.4 | 8.5% | 9.6% |
ChipMOS' June 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, China, 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 | In the U.S. David Pasquale Global IR Partners +1-914-337-8801 |
