ChipMOS TECHNOLOGIES INC. reported its unaudited consolidated revenue for the month of NOVEMBER 2022. Revenue for the month of November 2022 was TWD 1,558.3 million or USD 50.4 million, representing a decrease of 1.0% from October 2022, and a decrease of 30.3% from November 2021. The Company noted that the sequential and year over year revenue declines reflect the ongoing broader macro environment, with inventory adjustments at customers in response to end market demand levels.

The Company has taken actions to mitigate the impact through reduced CapEx spending, utilization sustainability initiatives, increased factory automation and operating expense reductions.