ChipMOS AND CONNECTEC JAPAN CORPORATION ENTER JOINT TECHNOLOGY DEVELOPMENT AGREEMENT; ChipMOS TAKES 30% EQUITY STAKE

Taiwan July 6, 2011 Bermuda July 4, 2011

On the same day, the Company and CTJ have also entered into a technology transfer agreement ("Technology Agreement") in which, ChipMOS Taiwan receives exclusive perpetual license for certain intellectual property rights from CTJ.  Under the Technology Agreement, ChipMOS Taiwan and CTJ will jointly develop package and assembly technologies targeting existing and future market opportunities and better meet its customer requirements.

CTJ is a corporation focused on the development of next generation semiconductor package and foundry technologies. Its proprietary technology was developed to increase efficiency and yield of LCD driver assembly processes and to extend inner lead bonding process capability to below 20um.

Katsunori Hirata

S.J. Cheng

About CONNECTEC JAPAN Corporation:

www.connectec-japan.com

Bermuda

www.chipmos.com Taiwan Japan Taiwan Shanghai

Forward-Looking Statements

Certain statements contained in this announcement may be viewed as " forward-looking statements " within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company ‘ s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the " SEC " ) and in the Company ‘ s other filings with the SEC.

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