HSINCHU, Taiwan, Dec. 9, 2016 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of November 2016. 

Revenue for the month of November 2016 was NT$1,603.1 million or US$50.2 million, a decrease of 2.6% from the month of October 2016 and an increase of 1.7% from the same period in 2015. This is consistent with the Company's guidance provided on November 10, 2016 that it expects revenue for the fourth quarter of 2016 to be approximately flat to down in the low single digits, as compared to the third quarter of 2016, in-line with typical seasonality. The Company now expects gross margin on a consolidated basis to be approximately 12% to 16% for the fourth quarter of 2016, primarily reflecting the adverse impact of expenses related to the Company's recent merger and the subsequent 54.98% equity interest sale of ChipMOS Shanghai, and the Company's  provision for slow-moving material and spare parts, all of which are expected to have an aggregate impact of approximately 5.0% in the fourth quarter. The sale of the 54.98% equity interest is expected to result in a gain to ChipMOS in the fourth quarter of 2016 of approximately NT$2,288 million (approximately NT$2.67 per ChipMOS share) primarily due to a gain on the appreciation of fixed assets and land use rights.

All U.S. figures in this release are based on the exchange rate of NT$31.92 to US$1.00 as of November 30, 2016.

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) ( http://www.chipmos.com) is an industry leading provider of semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan and Qingpu Industrial Zone in Shanghai, ChipMOS and its subsidiaries provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.

Forward-Looking Statements

This press release contains certain forward-looking statements. These forward-looking statements may be identified by words such as 'believes,' 'expects,' 'anticipates,' 'projects,' 'intends,' 'should,' 'seeks,' 'estimates,' 'future' or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. These risks and uncertainties include those discussed under "Cautionary Statement Concerning Forward Looking Statements" and "Risk Factors" in the prospectus included in the registration statement on Form F-4 that ChipMOS filed with the U.S. SEC.

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SOURCE ChipMOS TECHNOLOGIES INC.