ChipMOS reported its unaudited consolidated revenue for the month of March and for the first quarter ended March 31. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$30.48 to $1.00 as of March 31. Revenue for Q1 was NT$4.61M or $151.1M, representing a decrease of 1.7% from the fourth quarter of 2022, and a decrease of 31.5% from the first quarter of 2022. Q1 is typically a slower period for the industry with fewer working days than Q4. Revenue for the month of March was NT$1.84M or $60.3M, representing an increase of 27.9% from February, and a decrease of 22% from March 2022. The company noted March represents the second sequential month of revenue growth reflecting a pick-up in demand of LCD drivers. This follows industry-wide inventory adjustments, as the company continues to work with customers to navigate demand and loading levels.
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