Form 6K
Table of Contents

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April, 2003

 

ChipMOS TECHNOLOGIES (Bermuda) LTD.

(Translation of Registrant’s Name Into English)

 

No. 1, R&D Road 1

Science-Based Industrial Park

Hsinchu, Taiwan

Republic of China

(Address of Principal Executive Offices)

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

 

Form 20-F     ü     Form 40-F             

 

(Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

 

Yes              No     ü    

 

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-            .)

 

 

1

Table of Contents

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

       

ChipMOS TECHNOLOGIES (Bermuda) LTD.

                              (Registrant)

Date: April 30, 2003

      

By

  

/S/ S.J. Cheng

               

Name: S. J. Cheng

Title:   Deputy  Chairman  &  Chief

            Executive  Officer

 

 

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Table of Contents

 

EXHIBITS

 

Exhibit Number

     

1.1

   

Selected Unaudited Consolidated Financial Data of ChipMOS TECHNOLOGIES (Bermuda) LTD. as of December 31, 2002.

1.2

   

Selected Unaudited Consolidated Financial Data of ChipMOS TECHNOLOGIES (Bermuda) LTD. for the three months ended and as of March 31, 2003.

 

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Exhibit 1.1

 

ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES

Selected Unaudited Consolidated Financial Data

(In Thousands, Except Earnings Per Share and Par Value Data)

 

    

Twelve Months Ended Dec. 31, 2002

  
    

NT$

     

US$

  

Consolidated Statement of Income Data:

              

ROC GAAP:

              

Net revenues

   

6,525,935

 

   

188,917

 

Gross profit

   

(185,771

)

   

(5,378

)

Net income

   

(223,066

)

   

(6,457

)

Earnings per share

   

(3.79

)

   

(0.11

)

 

    

As of Dec. 31, 2002

    

NT$

   

US$

Consolidated Balance Sheet Data:

          

ROC GAAP:

          

Total Assets

   

17,836,620

   

512,561

Total Liabilities

   

10,389,135

   

298,547

Capital Stock.

   

19,233

   

553

—  Par value US$0.01

          

—  Issued 58,873 thousand shares

          

Capital Surplus

   

7,645,967

   

219,718

Total Shareholders’ Equity

   

7,447,486

   

214,014

 

 

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Table of Contents

 

ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES

Selected Unaudited Consolidated Financial Data in Connection with

Related Party Transactions with Mosel Vitelic Inc.

 

    

Twelve Months Ended Dec. 31, 2002

    

NT$

   

US$

    

(in thousands)

Consolidated Statement of Income Data:

          

ROC GAAP:

          

Sales

   

2,285,348

   

66,157

Rental revenue

   

8,800

   

255

Administrative expenses

   

4,550

   

132

Rental expense

   

2,811

   

81

Other non-operating income

   

—  

   

—  

 

    

As of Dec. 31, 2002

    

NT$

   

US$

    

(in thousands)

Consolidated Balance Sheet Data:

          

ROC GAAP:

          

Accounts receivable

   

759,484

   

21,825

Deferred assets

   

—  

   

—  

Other receivable

   

4,347

   

125

Other payable

   

1,158

   

33

 

Note   1: References to “US$” and “U.S. dollars” are to United States dollars and references to “NT$” and “NT dollars” are to New Taiwan dollars. This information contains translations of certain NT dollars amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from NT dollars to U.S. dollars were made at the noon buying rate in The City of New York for cable transfers in NT dollars per U.S. dollars as certified for customs purposes by the Federal Reserve Bank of New York as of Dec 31, 2002, which was NT$34.799 to US$1.00. The convenience translations should not be construed as representations that the NT dollar amounts have been, could have been or could in the future be, converted into U.S. dollars at any particular rate or at all.

 

 

2

Table of Contents

 

ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES

(“ChipMOS Bermuda”)

Related Information of Investees

Dec. 31, 2002 (Unaudited)

(In Thousands of New Taiwan Dollars)

 

1.   Names, Location and Other Information of Investees for Whom the Company Exercises Significant Influence

 

                   

Original Investment Amount

   

Balance as of Dec 31, 2002

     

Net Income

(Loss) of the Investee

     

Investment Gain(Loss)

  

Investor

   

Investee

   

Location

   

Main Business and

Products

   

Dec 31,

2002

   

Dec.31,

2001

   

Shares

   

Percentage of Ownership

     

Carrying

Value

        
                             

ChipMOS TECHNOLOGIES (Bermuda)LTD.

   

ChipMOS TECHNOLOGIES INC.

   

HsinChu

Taiwan

   

Research, development, manufacture, testing and packaging of integrated circuits

   

8,772,388

   

8,708,825

   

624,057

   

70.34

%

   

6,847,738

 

   

(1,272,779

)

   

(887,444

)

ChipMOS TECHNOLOGIES (Bermuda)LTD.

   

ChipMOS Far East Limited

   

Hong Kong

   

Trading

   

—  

   

—  

   

—  

   

100

%

   

—  

 

   

—  

 

   

—  

 

ChipMOS TECHNOLOGIES INC.

   

ChipMOS Japan Inc.

   

Tokyo

Japan

   

Research, development, design, manufacture, testing and packaging of integrated circuits. Marketing of Semi—  conductor integrated circuits and electronic parts

   

2,699

   

2,699

   

0.2

   

100

%

   

(914

)

   

791

 

   

791

 

ChipMOS TECHNOLOGIES INC.

   

ChipMOS USA Inc.

   

Sunnyvale

U.S.A

   

Research, development, Marketing and distribution of Semi-conductor, integrated circuits, and electronic related Products

   

3,088

   

3,088

   

50

   

100

%

   

(8,835

)

   

1,011

 

   

1,011

 

ChipMOS TECHNOLOGIES INC.

   

PlusMOS Technologies Inc.

   

HsinChu

Taiwan

   

Manufacture, design, distribution and sale of electronic product

   

300,000

   

300,000

   

30,000

   

25

%

   

51,564

 

   

(6,852

)

   

(1,712

)

 

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Table of Contents

 

                   

Original Investment Amount

   

Balance as of Dec 31, 2002

   

Net Income

(Loss) of the Investee

     

Investment Gain(Loss)

  

Investor

   

Investee

   

Location

   

Main Business and

Products

   

Dec 31,

2002

   

Dec.31,

2001

   

Shares

   

Percentage of Ownership

     

Carrying

Value

      
                             

ChipMOS TECHNOLOGIES INC.

   

CHANTEK ELECTRONIC CO.,LTD.

   

Hsinchu

Taiwan

   

testing and packaging of integrated circuits, sale of electronic product

   

213,789

   

—  

   

118,772

   

34

%

   

117,314

   

(1,159,989

)

   

(90,921

)

ChipMOS TECHNOLOGIES INC.

   

ThaiLin Semiconductor Corp.

   

Hsinchu

Taiwan

   

Research, development, design, manufacture, testing and packaging of integrated circuits. Marketing of Semi—conductor integrated circuits and electronic parts

   

668,407

   

—  

   

83,551

   

41.78

%

   

666,039

   

(499,368

)

   

(2,368

)

 

2.   Purchase from or Sales to Related Parties

 

              

Transaction Details

   

Abnormal Transaction

   

Notes/Accounts Payable or Receivable

  

Investee

   

Related Party

   

Nature of Relationship

   

Purchase / Sale

   

Amount

   

Percentage to Total

     

Payment Term

   

Unit Price

   

Payment

Term

   

Dec 31, 2002

   

Percentage

To Total

  
                             

ChipMOS TECHNOLOGIES INC.

   

Mosel

Vitelic

Inc.

   

Mosel indirectly Owns 45% of outstanding shares of investee

   

Sale

   

2,285,348

   

35.02

%

   

Net 90 days

from monthly closing date

   

—  

   

Net 30-60 days from monthly closing

   

759,484

   

67.85

%

ChipMOS TECHNOLOGIES INC.

   

Ultima Electronics

Corp.

   

The investee owns 7.71% of outstanding shares of Ultima Electronics Corp.

   

Sale

   

1,218,265

   

18.67

%

   

Net 90 days

from monthly closing date

   

—  

   

Net 30-60 days from monthly closing

   

331,940

   

29.65

%

 

 

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Table of Contents

 

3.   Receivables from Related Parties

 

                        

Overdue

   

Amount Received in Subsequent period

    

Allowance For Bad Debts

Investee

   

Related

Party

   

Nature of

Relationship

   

Dec. 31, 2002

   

Turnover

Rate

   

Amount

   

Overdue Action Taken

        

ChipMOS TECHNOLOGIES INC.

   

Mosel

Vitelic

Inc.

   

Mosel indirectly Owns 45% of outstanding shares of investee

   

759,484

   

2.89

   

—  

   

—  

   

374,526

     

—  

ChipMOS TECHNOLOGIES INC.

   

Ultima Electronics

Corp.

   

The investee owns 7.71% of outstanding shares of Ultima Electronics Corp.

   

331,940

   

3.45

   

—  

   

—  

   

230,847

     

—  

 

4.   Marketable Securities Held

 

                   

Dec 31, 2002

  

Held Company Name

   

Marketable Securities Type and Name

   

Relationship with ChipMOS Bermuda

   

Financial Statement Account

   

No. of Shares

   

Carrying Value

     

Percentage of Ownership

     

Market Value or

Net Asset Value

  
                    

ChipMOS TECHNOLOGIES (Bermuda) LTD.

   

ChipMOS TECHNOLOGIES INC.

   

Subsidiary of ChipMOS TECHNOLOGIES (Bermuda) LTD.

   

Long-term Investment

   

624,057

   

6,847,738

 

   

70.34

%

   

6,846,825

 

ChipMOS TECHNOLOGIES (Bermuda) LTD.

   

ChipMOS Far East Limited

   

Subsidiary of ChipMOS TECHNOLOGIES (Bermuda) LTD.

   

Long-term Investment

   

—  

   

—  

 

   

100

%

   

—  

 

ChipMOS TECHNOLOGIES INC.

   

ChipMOS Japan Inc.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

0.2

   

(914

)

   

100

%

   

(915

)

ChipMOS TECHNOLOGIES INC.

   

ChipMOS USA Inc.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

50

   

(8,835

)

   

100

%

   

(8,837

)

ChipMOS TECHNOLOGIES INC.

   

PlusMOS Technologies Inc.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

30,000

   

51,564

 

   

25

%

   

51,605

 

 

5

Table of Contents

 

                   

Dec 31, 2002

Held Company Name

   

Marketable Securities Type and Name

   

Relationship with ChipMOS Bermuda

   

Financial Statement Account

   

No. of Shares

   

Carrying Value

   

Percentage of Ownership

     

Market Value or

Net Asset Value

                    

ChipMOS TECHNOLOGIES INC.

   

Ultima Electronics Corp.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

18,586

   

218,099

   

7.71

%

   

331,016

ChipMOS TECHNOLOGIES INC.

   

CHANTEK ELECTRONIC CO.,LTD.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

118,772

   

117,314

   

34

%

   

214,977

ChipMOS TECHNOLOGIES INC.

   

ThaiLin Semiconductor Corp.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

83,551

   

666,039

   

41.78

%

   

563,134

ChipMOS TECHNOLOGIES INC.

   

Best Home Corp. Ltd.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

5,990

   

89,850

   

19.91

%

   

67,343

ChipMOS TECHNOLOGIES INC.

   

Sun-Fund Securities LTD

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

20,000

   

299,000

   

16.67

%

   

176,964

ChipMOS TECHNOLOGIES INC.

   

PRESIDENT JAMES BOND FUND

   

NA

   

Short-term Investment

   

15,623

   

227,230

   

—  

 

   

227,230

ChipMOS TECHNOLOGIES INC.

   

TIIM BOND FUND

   

NA

   

Short-term Investment

   

4,737

   

63,056

   

—  

 

   

63,056

ChipMOS TECHNOLOGIES INC.

   

UNION BOND FUND

   

NA

   

Short-term Investment

   

26,413

   

302,341

   

—  

 

   

302,341

ChipMOS TECHNOLOGIES INC.

   

TAI-YU LONG RIVER BOND FUND

   

NA

   

Short-term Investment

   

2,567

   

28,493

   

—  

 

   

28,493

ChipMOS TECHNOLOGIES INC

   

SOLOMON FUND

   

NA

   

Short-term Investment

   

16,425

   

180,000

   

—  

 

   

180,000

ChipMOS TECHNOLOGIES INC.

   

Mosel Vitelic Inc

   

Mosel indirectly owns 64% of outstanding shares of ChipMOS Bermuda

   

Short-term Investment

   

13,396

   

242,416

   

—  

 

   

73,812

 

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Table of Contents

 

5.   Acquisition or Disposal of Marketable Securities

 

              

December 31, 2001

  

Acquisition

  

Disposal

   

Dec 31, 2002

Company Name

   

Marketable Securities Type And Name

   

Accounts of Financial Statement

   

Shares

   

Amount

   

Shares

   

Amount

   

Shares

   

Amount

   

Carrying Value

   

Gain(loss) on Disposal

   

Shares

   

Amount

ChipMOS TECHNOLOGIES INC.

   

PRESIDENT JAMES BOND FUND

   

Short-term investment

   

2,497

   

35,329

   

82,553

   

1,194,142

   

69,427

   

1,004,525

   

1,002,241

   

2,284

   

15,623

   

227,230

ChipMOS TECHNOLOGIES INC.

   

HSBC NTD MONEY MANAGEMENT FUND 2

   

Short-term investment

   

1,620

   

21,055

   

23,232

   

305,142

   

24,852

   

327,115

   

326,197

   

918

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

UBS TAIWAN BOND FUND

   

Short-term investment

   

1,706

   

23,359

   

22,825

   

316,580

   

24,531

   

341,058

   

339,939

   

1,119

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

ASIA PACIFIC BOND FUND

   

Short-term investment

   

4,305

   

50,167

   

50,875

   

603,154

   

55,180

   

655,120

   

653,321

   

1,799

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

FIRST GLOBAL WANTAI ASSETS INCOME FUND

   

Short-term investment

   

11,827

   

152,288

   

15,699

   

204,367

   

27,526

   

358,128

   

356,655

   

1,473

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

TA CHONG BOND FUND

   

Short-term investment

   

5,224

   

62,218

   

22,405

   

272,022

   

27,629

   

335,206

   

334,240

   

966

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

TA CHONG GALLOP BOND FUND

   

Short-term investment

   

—  

   

—  

   

9,848

   

100,000

   

9,848

   

100,160

   

100,000

   

160

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

TIIM BOND FUND

   

Short-term investment

   

3,431

   

44,356

   

70,896

   

936,890

   

69,590

   

919,914

   

918,190

   

1,724

   

4,737

   

63,056

ChipMOS TECHNOLOGIES INC.

   

UNION BOND FUND

   

Short-term investment

   

4,111

   

45,765

   

144,909

   

1,647,002

   

122,607

   

1,393,093

   

1,390,426

   

2,667

   

26,413

   

302,341

ChipMOS TECHNOLOGIES INC.

   

TAI-YU LONG RIVER BOND FUND

   

Short-term investment

   

10,128

   

109,223

   

136,380

   

1,501,639

   

143,941

   

1,584,978

   

1,582,369

   

2,609

   

2,567

   

28,493

 

7

Table of Contents

 

              

December 31, 2001

   

Acquisition

   

Disposal

   

Dec 31, 2002

Company Name

   

Marketable Securities Type And Name

   

Accounts of Financial Statement

   

Shares

   

Amount

   

Shares

   

Amount

   

Shares

   

Amount

   

Carrying Value

     

Gain(loss) on Disposal

   

Shares

   

Amount

                                   

ChipMOS TECHNOLOGIES INC.

   

SOLOMON FUND

   

Short-term investment

   

6,767

   

72,107

   

63,374

   

690,233

   

53,716

   

584,207

   

582,340

 

   

1,867

   

16,425

   

180,000

ChipMOS TECHNOLOGIES INC.

   

TRUSWELL BOND FUND

   

Short-term investment

   

—  

   

—  

   

25,026

   

297,249

   

25,026

   

297,915

   

297,249

 

   

666

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

NAM Fund

   

Short-term investment

   

—  

   

—  

   

324

   

138,875

   

324

   

139,341

   

138,875

 

   

466

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

Mosel Vitelic Inc

   

Short-term investment

   

—  

   

—  

   

13,396

   

242,416

   

—  

   

—  

   

—  

 

   

—  

   

13,396

   

242,416

ChipMOS TECHNOLOGIES INC.

   

ThaiLin Semiconductor Corp.

   

Long-term investment

   

—  

   

—  

   

83,551

   

668,407

   

—  

   

—  

   

2,368

(Note1

 

)

   

—  

   

83,551

   

666,039

ChipMOS TECHNOLOGIES INC.

   

Sun-Fund Securities LTD

   

Long-term investment

   

—  

   

—  

   

20,000

   

299,000

   

—  

   

—  

   

—  

 

   

—  

   

20,000

   

299,000

ChipMOS TECHNOLOGIES INC.

   

CHANTEK ELECTRONIC CO.,LTD.

   

Long-term investment

   

—  

   

—  

   

118,772

   

213,789

   

—  

   

—  

   

96,475

(Note1.2

 

)

   

—  

   

118,772

   

117,314

Note 1:Long-term investment loss.

 

Note 2:The variance of the net asset value.

 

6.   Endorsement and Guarantee Provided

 

Collateral Provider

   

Counter Party

   

Limitation on Collateral

  

Maximum Balance for the period

   

Dec 31, 2002

   

Amount of properties guaranteed by collateral

     

% of accumulated amount of collateral on net equity of the latest financial statement

  
  

Name

   

Relationship with ChipMOS Bermuda

                 

ChipMOS TECHNOLOGIES INC.

   

Ultima Electronics Corp.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

$

11,680,680

   

$

600,000

   

$

600,000

   

$

600,000

     

6.16

%

 

8

Table of Contents

 

Exhibit 1.2

 

ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES

Selected Unaudited Consolidated Financial Data

(In Thousands, Except Earnings Per Share and Par Value Data)

 

    

Three Months Ended Mar. 31, 2003

  
    

NT$

     

US$

  

Consolidated Statement of Income Data:

              

ROC GAAP:

              

Net revenues

   

1,699,262

 

   

49,005

 

Gross profit

   

68,845

 

   

1,985

 

Net income

   

(107,301

)

   

(3,094

)

Earnings per share

   

(1.82

)

   

(0.05

)

 

    

As of Mar. 31, 2003

    

NT$

   

US$

Consolidated Balance Sheet Data:

          

ROC GAAP:

          

Total Assets

   

18,408,613

   

530,187

Total Liabilities

   

11,066,388

   

318,723

Capital Stock.

   

19,233

   

554

—  Par value US$0.01

          

—  Issued 58,873 thousand shares

          

Capital Surplus

   

7,645,967

   

220,212

Total Shareholders’ Equity

   

7,342,225

   

211,464

 

 

1

Table of Contents

 

ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES

Selected Unaudited Consolidated Financial Data in Connection with

Related Party Transactions with Mosel Vitelic Inc.

 

    

Three Months Ended Mar. 31, 2003

    

NT$

   

US$

    

(in thousands)

Consolidated Statement of Income Data:

          

ROC GAAP:

          

Sales

   

656,686

   

18,938

Rental revenue

   

1,200

   

35

Administrative expenses

   

1,289

   

37

Rental expense

   

676

   

19

Other non-operating income

   

11

   

—  

 

    

As of Mar. 31, 2003

    

NT$

   

US$

    

(in thousands)

Consolidated Balance Sheet Data:

          

ROC GAAP:

          

Accounts receivable

   

1,243,287

   

35,808

Deferred assets

   

—  

   

—  

Other receivable

   

5,194

   

150

Other payable

   

1,797

   

52

 

Note   1: References to “US$” and “U.S. dollars” are to United States dollars and references to “NT$” and “NT dollars” are to New Taiwan dollars. This information contains translations of certain NT dollars amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from NT dollars to U.S. dollars were made at the noon buying rate in The City of New York for cable transfers in NT dollars per U.S. dollars as certified for customs purposes by the Federal Reserve Bank of New York as of Mar. 31, 2003, which was NT$34.721 to US$1.00. The convenience translations should not be construed as representations that the NT dollar amounts have been, could have been or could in the future be, converted into U.S. dollars at any particular rate or at all.

 

 

2

Table of Contents

 

ChipMOS TECHNOLOGIES (Bermuda) LTD. AND SUBSIDIARIES

(“ChipMOS Bermuda”)

Related Information of Investees

Mar. 31, 2003 (Unaudited)

(In Thousands of New Taiwan Dollars)

 

1.   Names, Location and Other Information of Investees for Whom the Company Exercises Significant Influence

 

                   

Original Investment

Amount

  

Balance as of Mar 31, 2003

    

Net Income (Loss) of the Investee

     

Investment Gain (Loss)

  

Investor

   

Investee

   

Location

   

Main Business and Products

   

Mar. 31,

2003

   

Dec 31,

2002

   

Shares

   

Percentage of Ownership

     

Carrying

Value

        

ChipMOS TECHNOLOGIES (Bermuda)LTD.

   

ChipMOS TECHNOLOGIES INC.

   

HsinChu

Taiwan

   

Research, development, manufacture, testing and packaging of integrated circuits

   

8,772,388

   

8,772,388

   

624,057

   

70.34

%

   

6,757,465

 

   

(128,297

)

   

(90,276

)

ChipMOS TECHNOLOGIES (Bermuda)LTD.

   

ChipMOS Far East Limited

   

Hong Kong

   

Trading

   

—  

   

—  

   

—  

   

100

%

   

—  

 

   

—  

 

   

—  

 

ChipMOS TECHNOLOGIES INC.

   

ChipMOS Japan Inc.

   

Tokyo

Japan

   

Research, development, design, manufacture, testing and packaging of integrated circuits. Marketing of Semi—conductor integrated circuits and electronic parts

   

2,699

   

2,699

   

0.2

   

100

%

   

(795

)

   

117

 

   

117

 

ChipMOS TECHNOLOGIES INC.

   

ChipMOS USA Inc.

   

Sunnyvale

U.S.A

   

Research, development, Marketing and distribution of Semi-conductor, integrated circuits, and electronic related Products

   

3,088

   

3,088

   

50

   

100

%

   

(8,173

)

   

660

 

   

660

 

ChipMOS TECHNOLOGIES INC.

   

PlusMOS Technologies Inc.

   

HsinChu

Taiwan

   

Manufacture, design, distribution and sale of electronic product

   

300,000

   

300,000

   

30,000

   

25

%

   

54,146

 

   

2,898

 

   

2,581

 

 

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Original Investment

Amount

  

Balance as of Mar. 31, 2003

  

Net Income (Loss) of the Investee

     

Investment Gaini (Loss)

  

Investor

   

Investee

   

Location

   

Main Business and Products

   

Mar 31,

2003

   

Dec 31,

2002

   

Shares

   

Percentage of Ownership

     

Carrying

Value

      

ChipMOS TECHNOLOGIES INC.

   

CHANTEK ELECTRONIC CO.,LTD.

   

Hsinchu

Taiwan

   

testing and packaging of integrated circuits, sale of electronic product

   

213,790

   

213,790

   

118,772

   

34

%

   

99,608

   

(54,172

)

   

(17,707

)

ChipMOS TECHNOLOGIES INC.

   

ThaiLin Semiconductor Corp.

   

Hsinchu

Taiwan

   

Research, development, design, manufacture, testing and packaging of integrated circuits. Marketing of Semi—conductor integrated circuits and electronic parts

   

668,407

   

668,407

   

83,551

   

41.78

%

   

631,674

   

(95,320

)

   

(34,365

)

ChipMOS TECHNOLOGIES INC.

   

Advanced Micro Chip Technology Co.,Ltd

   

Hsinchu

Taiwan

   

Sale of electronic product

,International trading

   

31,590

   

—  

   

9,183

   

29.43

%

   

30,870

   

(5,515

)

   

(719

)

 

 

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2.   Purchase from or Sales to Related Parties

 

              

Transaction Details

  

Abnormal Transaction

   

Notes/Accounts Payable or Receivable

  

Investee

   

Related Party

   

Nature of Relationship

   

Purchase / Sale

   

Amount

   

Percentage to Total

     

Payment Term

   

Unit Price

   

Payment

Term

   

Mar. 31, 2003

   

Percentage

To Total

  

ChipMOS TECHNOLOGIES INC.

   

Mosel

Vitelic

Inc.

   

Mosel indirectly Owns 45% of outstanding shares of investee

   

Sale

   

656,686

   

38.64

%

   

Net 90 days

from monthly closing date

   

—  

   

—  

   

1,243,287

   

52.29

%

ChipMOS TECHNOLOGIES INC.

   

Ultima Electronics

Corp.

   

The investee owns 7.71% of outstanding shares of Ultima Electronics

Corp.

   

Sale

   

352,160

   

20.72

%

   

Net 90 days

from monthly closing date

   

—  

   

—  

   

524,864

   

22.08

%

 

3.   Receivables from Related Parties

 

                        

Overdue

     

Amount Received in Subsequent period

     

Allowance For Bad Debts

Investee

   

Related Party

   

Nature of Relationship

   

Mar. 31, 2003

   

Turnover Rate

   

Amount

   

Overdue Action Taken

          

ChipMOS TECHNOLOGIES INC.

   

Mosel

Vitelic

Inc.

   

Mosel indirectly Owns 45% of outstanding shares of investee

   

1,248,481

   

2.61

   

—  

   

—  

     

—  

     

—  

ChipMOS TECHNOLOGIES INC.

   

Ultima Electronics

Corp.

   

The investee owns 7.71% of outstanding shares of Ultima Electronics Corp.

   

524,920

   

3.31

   

—  

   

—  

     

—  

     

—  

 

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4.   Marketable Securities Held

 

                   

Mar. 31, 2003

  

Held Company Name

   

Marketable Securities Type and Name

   

Relationship with ChipMOS Bermuda

   

Financial Statement Account

   

No. of Shares

   

Carrying Value

     

Percentage of Ownership

     

Market Value or

Net Asset Value

  

ChipMOS TECHNOLOGIES (Bermuda) LTD.

   

ChipMOS TECHNOLOGIES INC.

   

Subsidiary of ChipMOS TECHNOLOGIES (Bermuda) LTD.

   

Long-term Investment

   

624,057

   

6,757,465

 

   

70.34

%

   

6,756,584

 

ChipMOS TECHNOLOGIES (Bermuda) LTD.

   

ChipMOS Far East Limited

   

Subsidiary of ChipMOS TECHNOLOGIES (Bermuda) LTD.

   

Long-term Investment

   

—  

   

—  

 

   

100

%

   

—  

 

ChipMOS TECHNOLOGIES INC.

   

ChipMOS Japan Inc.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

0.2

   

(795

)

   

100

%

   

(795

)

ChipMOS TECHNOLOGIES INC.

   

ChipMOS USA Inc.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

50

   

(8,173

)

   

100

%

   

(8,173

)

ChipMOS TECHNOLOGIES INC.

   

PlusMOS Technologies Inc.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

30,000

   

54,146

 

   

25

%

   

52,330

 

ChipMOS TECHNOLOGIES INC.

   

CHANTEK ELECTRONIC CO.,LTD.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

118,772

   

99,608

 

   

34

%

   

205,476

 

ChipMOS TECHNOLOGIES INC.

   

ThaiLin Semiconductor Corp.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

83,551

   

631,674

 

   

41.78

%

   

502,142

 

ChipMOS TECHNOLOGIES INC.

   

Advanced Micro Chip Technology Co.,Ltd

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

9,183

   

30,870

 

   

29.43

%

   

27,129

 

ChipMOS TECHNOLOGIES INC.

   

Best Home Corp. Ltd.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

5,990

   

89,850

 

   

19.91

%

   

68,074

 

ChipMOS TECHNOLOGIES INC.

   

Sun-Fund Securities LTD

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

20,000

   

299,000

 

   

16.67

%

   

172,290

 

ChipMOS TECHNOLOGIES INC.

   

Ultima Electronics Corp.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

Long-term Investment

   

18,586

   

218,099

 

   

7.71

%

   

253,884

 

 

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Mar 31, 2003

Held Company Name

   

Marketable Securities Type and Name

   

Relationship with ChipMOS Bermuda

   

Financial Statement Account

   

No. of Shares

   

Carrying Value

     

Percentage of Ownership

   

Market Value or

Net Asset Value

ChipMOS TECHNOLOGIES INC.

   

TIIM BOND FUND

   

NA

   

Short-term Investment

   

5,612

   

75,109

     

—  

   

75,109

ChipMOS TECHNOLOGIES INC.

   

Mosel Vitelic Inc

   

Mosel indirectly owns 64% of outstanding shares of ChipMOS Bermuda

   

Short-term Investment

   

13,396

   

242,416

     

—  

   

64,435

 

5.   Acquisition or Disposal of Marketable Securities

 

    
  
  

December 31, 2002

  

Acquisition

  

Disposal

   

Mar. 31, 2003

Company Name

   

Marketable Securities Type And Name

   

Accounts of Fincial Statement

   

Shares

   

Amount

   

Shares

   

Amount

   

Shares

   

Amount

   

Carrying Value

     

Gain(loss) on Disposal

   

Shares

   

Amount

ChipMOS TECHNOLOGIES INC.

   

PRESIDENT JAMES BOND FUND

   

Short-term Investment

   

15,623

   

227,229

   

6,851

   

100,000

   

22,474

   

327,522

   

327,229

     

293

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

TIIM BOND FUND

   

Short-term Investment

   

4,737

   

63,056

   

15,865

   

212,109

   

14,990

   

200,398

   

200,056

     

342

   

5,612

   

75,109

ChipMOS TECHNOLOGIES INC.

   

UNION BOND FUND

   

Short-term Investment

   

26,413

   

302,341

   

4,349

   

50,000

   

30,762

   

352,956

   

352,341

     

615

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

SOLOMON FUND

   

Short-term Investment

   

16,425

   

180,000

   

11,951

   

131,000

   

28,376

   

311,545

   

311,000

     

545

   

—  

   

—  

ChipMOS TECHNOLOGIES INC.

   

Mosel Vitelic Inc

   

Short-term Investment

   

13,396

   

242,416

   

—  

   

—  

   

—  

   

—  

   

—  

     

—  

   

13,396

   

64,435 (Note1)

Note 1:The variance is the tax-free investment loss $177,981.

 

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6.   Endorsement and Guarantee Provided

 

Collateral Provider

   

Counter Party

   

Limitation on Collateral

  

Maximum Balance for the period

   

Mar. 31, 2003

   

Amount of properties guaranteed by collateral

     

% of accumulated amount of collateral on net equity of the latest financial statement

  
  

Name

   

Relationship with ChipMOS Bermuda

                 

ChipMOS TECHNOLOGIES INC.

   

Ultima Electronics Corp.

   

Subsidiary of ChipMOS TECHNOLOGIES INC.

   

$

11,680,680

   

$

600,000

   

$

600,000

   

$

600,000

     

$

6.16

%

 

8