HSINCHU, Taiwan, March 18, 2011 /PRNewswire-Asia-FirstCall/ -- ChipMOS TECHNOLOGIES (Bermuda) LTD. ("ChipMOS" or the "Company") (Nasdaq: IMOS) today reported its unaudited consolidated revenue for the month of February 2011.
Revenue for the month of February 2011 was NT$1,353.8 million or US$45.5 million, a decrease of 12.6% from the month of January 2011 and an increase of 19.7% from the same period in 2010. (All translations from NT dollars to U.S. dollars were made at the exchange rate of NT$29.74 against US$1.00 as of February 28, 2011.)
Consolidated Monthly Revenues (Unaudited)
The Company reiterated the guidance it provided on March 16, 2011 for revenue in the first quarter of 2011 to increase by approximately 1% to 7%, as compared to the fourth quarter 2010, with gross margin on a consolidated basis for the first quarter of 2011 to be in the range of approximately 7% to 12%. The Company noted that while the first quarter of the year is typically impacted by seasonal weakness, its expected growth reflects the rebound in its business and focus on an increased number of higher margin opportunities.
ChipMOS' February 2011 consolidated revenues included revenues of ChipMOS TECHNOLOGIES INC. ("ChipMOS Taiwan"), ChipMOS U.S.A., Inc., MODERN MIND TECHNOLOGY LIMITED and its wholly-owned subsidiary ChipMOS TECHNOLOGIES (Shanghai) LTD. ("ChipMOS Shanghai"), and ThaiLin Semiconductor Corp. ("ThaiLin").
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.
SOURCE ChipMOS TECHNOLOGIES (Bermuda) LTD.