The average of worldwide bookings in June 2005 was $1.07 billion. The bookings figure is 5.5% above the revised May 2005 level of $1.02 billion, and 33% below the $1.61 billion in orders posted one year ago. The worldwide billings average in was $1.15 billion, 4.9% below the revised May 2005 level of $1.21 billion and 33% below the June 2004 billings level of $1.50 billion.
(July 21, 2005) Hsinchu, Taiwan — ChipMOS Technologies (Bermuda) Ltd. (ChipMOS) announces that its 70% owned subsidiary, ChipMOS Technologies Inc. (ChipMOS Taiwan), has extended its existing long-term agreement with Novatek Microelectronics Corp. Ltd. (Novatek) through 2008. The two companies have worked together since 2003.
Under the terms of the newly extended agreement, Novatek has revised its tape-carrier-package/chip-on-film (TCP/COF) future requirements with significantly increasing demand to ChipMOS, and will shift additional percentage increases of its chip-on-glass (COG) business to ChipMOS. ChipMOS Taiwan commits to reserving the required capacity for LCD driver IC assembly and testing services for Novatek until the end of 2008.
”Novatek is a global leader in the LCD driver IC market and an important strategic customer to ChipMOS,” says S.J. Cheng, ChipMOS’ chairman and CEO. “We are pleased to extend our long-term, mutually beneficial relationship. We remain committed to providing the vertically integrated testing and assembly services that have made our relationship a success.”