Hsinchu, Taiwan, July 13, 2012 - ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (NASDAQ: IMOS) today reported its unaudited consolidated revenue for the month and quarter ending June 30, 2012.
Revenue for the month of June 2012 was NT$1,628.4 million or US$54.6 million, an increase of 0.6% from the month of May 2012 and an increase of 6.7% from the same period in 2011. On a quarterly basis, revenue for the second quarter of 2012 was NT$4,829.3 million or US$162.1 million, an increase of 10.2% from the first quarter of 2012 and an increase of 3.4% from the same period in 2011. This is inline with the Company's prior guidance for expected revenue growth of approximately 7% to 12% for the second quarter 2012, as compared to the first quarter of 2012. The Company continues to expect a further improvement in gross margin on a consolidated basis in the range of approximately 10% to 15% for the second quarter of 2012. All U.S. figures in this release are based on the exchange rate of NT$29.80 to US$1.00 as of June 29, 2012.
ChipMOS' June 2012 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.
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.
Dr. S.K. Chen
ChipMOS TECHNOLOGIES (Bermuda) LTD.