Hsinchu, Taiwan, October 15, 2012 - ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (NASDAQ: IMOS) today reported its unaudited consolidated revenue for the month and quarter ending September 30, 2012.
Unaudited consolidated revenue for the third quarter of 2012 was NT$5,139.9 million or US$175.5 million, an increase of 6.4% from the second quarter of 2012 and an increase of 15.2% from the third quarter of 2011. For the third quarter of 2012 unaudited consolidated revenue was in-line with prior guidance for growth of approximately 4% to 8%, as compared to the second quarter of 2012. Unaudited consolidated revenue for the month of September 2012 was NT$1,651.2 million or US$56.4 million, a decrease of 5.1% from the month of August 2012 and an increase of 5.8% from the same period in 2011. All U.S. figures in this release are based on the exchange rate of NT$29.29 to US$1.00 as of September 28, 2012.
The Company expects unaudited gross margin on a consolidated basis for the third quarter of 2012 to be approximately 18.5%, as compared to original guidance for approximately 12% to 18%, increased from the gross margin of 12.8% for 2Q'12 and 8.6% for 3Q'11.
ChipMOS' September 2012 and third quarter unaudited consolidated revenues and gross margin included revenues and operating 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.
Fourth Quarter of 2012 Business Outlook
The Company expects consolidated revenue for the fourth quarter of 2012 to be approximately flat to 5% lower, as compared to the third quarter of 2012, reflecting continued growth in its LCD driver and flash memory testing businesses, offset by continued broader softness in the memory market, which is decreasing the Company's commodity DRAM assembly business. The Company expects gross margin on a consolidated basis for the fourth quarter of 2012 to be in the range of approximately 14% to 19%.
This press release, to be filed on Form 6-K, will be hereby incorporated by reference into the registration statements on Form F-3 of the Company (File Nos. 333-181367) and will be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.
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.
David Pasquale
Global IR Partners
+1-914-337-8801
dpasquale@globalirpartners.com
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