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ChipMOS(IMOS) - 2023 Q3 - Earnings Call Transcript
2023-11-03 19:45
ChipMOS TECHNOLOGIES, Inc. (NASDAQ:IMOS) Q3 2023 Earnings Conference Call November 2, 2023 3:00 AM ET Company Participants G.S. Shen - Strategy & IR S.J. Cheng - Chairman & President Silvia Su - VP, Finance & Accounting Management Center Jesse Huang - Spokesperson & SVP, Strategy & IR Conference Call Participants Stanley Wang - SinoPac Operator Greetings, and welcome to the ChipMOS Third Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer ses ...
ChipMOS(IMOS) - 2023 Q3 - Earnings Call Presentation
2023-11-03 18:00
Industry Leading Provider of Outsourced Semiconductor Assembly, Test & Bumping Services 3Q23 Results Conference November 2023 Safe Harbor Notice  This presentation 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, strategies, goals, plans or intentions. These statements may include ...
ChipMOS(IMOS) - 2023 Q3 - Quarterly Report
2023-11-01 16:00
Financial Performance - 3Q23 revenue reached NT$5,581.5 million, representing a QoQ increase of 2.5% and a YoY increase of 6.2%[22] - Gross margin for 3Q23 was 15.9%, down 1.4 percentage points QoQ but up 0.4 percentage points YoY[22] - Profit attributable to the company in 3Q23 was NT$580.6 million, a decrease of 7.6% QoQ and 13.6% YoY[22] - EPS attributable to the company for 3Q23 was NT$0.80, down 7.0% QoQ and 13.0% YoY[22] Revenue Breakdown - The revenue breakdown by end market shows Smart Mobile at 33.7% (QoQ +2.5%) and Consumer at 23.6% (QoQ +13.3%)[19] Capital Expenditure and Depreciation - CapEx for 3Q23 was NT$724.5 million, while depreciation was NT$1,214.1 million[41] - The company plans to control CapEx based on customer demand amid softer demand in certain sectors[45] Market Outlook - The company anticipates a cautiously conservative outlook for Q4 due to ongoing market fluctuations[45] - Demand for NAND Flash is rebounding, while DDIC demand remains stable for auto panels and OLED[45] - High utilization levels for high-end DDIC test platforms are nearing full occupancy[45]
ChipMOS(IMOS) - 2023 Q2 - Earnings Call Transcript
2023-08-04 12:40
ChipMOS TECHNOLOGIES, Inc. (NASDAQ:IMOS) Q2 2023 Earnings Conference Call August 2, 2023 3:00 AM ET Company Participants G.S. Shen - IR S.J. Cheng - Chairman & President Silvia Su - VP, Finance & Accounting Management Center Jesse Huang - Spokesperson & SVP, Strategy & IR Conference Call Participants Jerry Su - Credit Suisse Anthony Liu - Yuanta Operator Greetings, and welcome to the ChipMOS Second Quarter 2023 Results Conference Call. At this time, all participants are in a listen-only mode. A question-an ...
ChipMOS(IMOS) - 2023 Q2 - Quarterly Report
2023-08-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of August, 2023 Commission File Number 001-37928 ChipMOS TECHNOLOGIES INC. (Translation of Registrant's Name Into English) No. 1, R&D Rd. 1, Hsinchu Science Park Hsinchu, Taiwan Republic of China (Address of Principal Executive Offices) (Indicate by check mark whether the registrant files or will file annual ...
ChipMOS(IMOS) - 2023 Q1 - Earnings Call Presentation
2023-05-05 02:50
Industry Leading Provider of Outsourced Semiconductor Assembly, Test & Bumping Services 1Q23 Results Conference May 2023 Safe Harbor Notice  This presentation 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, strategies, goals, plans or intentions. These statements may include fina ...
ChipMOS(IMOS) - 2023 Q1 - Earnings Call Transcript
2023-05-05 02:49
Financial Data and Key Metrics Changes - Q1 2023 revenue was NT$4,605 million, a decrease of 1.7% from Q4 2022. Gross margin was 12.4%, down 210 basis points from Q4 2022. Net earnings increased 27% to NT$0.28 per share compared to NT$0.22 in Q4 2022 [5][9][10] - Overall utilization rate increased to 52% in Q1 2023, with assembly utilization at 42% and testing average at 55% [5] - Net profit attributable to the company was NT$202 million in Q1, reflecting a 30.7% increase compared to Q4 2022 [11] Business Line Data and Key Metrics Changes - Assembly represented 23.4% of Q1 revenue, mixed-signal and memory testing around 22.3%, and wafer bumping approximately 19.6% [5] - DDIC products accounted for 35% of revenue, with gold bumping at 18%. Memory products represented 36.3% of total revenue, down 11.1% from Q4 2022 [6] - Revenue from DRAM and SRAM was about 15%, while mixed-signal products contributed around 10.8% [6] Market Data and Key Metrics Changes - Total revenue from automotive and industrial markets represented 23.3% of Q1 revenue, increasing by 10.8%. Smartphones and TVs accounted for 29% and 17% of revenue, respectively [7] - TDDI revenue increased about 15%, representing around 17% of Q1 DDIC revenue, while OLED accounted for about 9% [7] Company Strategy and Development Direction - The company expects Q1 to be the bottom, with gradual recovery anticipated throughout 2023, despite ongoing macroeconomic pressures [15] - A cautious approach to capital expenditures is planned, focusing on investments in green energy, AI, and automation [16] - The board approved a dividend of NT$2.3 per common share, pending shareholder approval, reflecting the company's strong market position and commitment to shareholder value [16] Management's Comments on Operating Environment and Future Outlook - Management noted that while there are headwinds from inflation and inventory adjustments, there are signs of demand recovery in specific areas, particularly in automotive panels and TDDI [15] - Memory product recovery is expected to lag behind DDIC and mixed-signal products, with a more noticeable rebound anticipated starting in Q3 [15][27] Other Important Information - Total assets at the end of Q1 2023 were NT$45,710 million, with total liabilities at NT$20,663 million and total equity at NT$25,047 million [12] - Cash and cash equivalents increased to NT$11,736 million, with a net free cash inflow of NT$1,033 million for Q1 2023 [13] Q&A Session Summary Question: Impact of lower gross margin in Q1 - Management indicated that March revenue grew about 28% month-over-month, but negative factors still affected gross margin, including a weaker U.S. dollar [18][19] Question: Tax rate and investment tax credit - The average tax rate is expected to be between 19% to 21%, influenced by unrealized items and investment tax credits [20] Question: Performance of smart mobile segment - Encouraging signs were noted in TDDI and OLED demand, particularly from the repair market [21][22] Question: Causes for lower gross margin - Increased gold consumption in gold bumping led to higher raw material costs, affecting gross margin [23] Question: Growth expectations for Q2 - Significant growth in DDIC revenue is expected due to reduced wafer bank and new orders from customers [25][26] Question: Visibility for memory segment recovery - Recovery in the memory segment is anticipated to be more evident starting in Q3, with NOR, NAND, and niche DRAM expected to perform better than commodity DRAM [27]
ChipMOS(IMOS) - 2022 Q4 - Annual Report
2023-04-12 16:00
As filed with the Securities and Exchange Commission on April 13, 2023 | --- | --- | |-------|------------------------| | | | | | UNITED STATES | | | Washington, D.C. 20549 | | | | | | FORM 20-F | SECURITIES AND EXCHANGE COMMISSION ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 O ...
ChipMOS(IMOS) - 2022 Q4 - Annual Report
2023-04-12 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of April, 2023 Commission File Number 001-37928 ChipMOS TECHNOLOGIES INC. (Translation of Registrant's Name Into English) No. 1, R&D Rd. 1, Hsinchu Science Park Hsinchu, Taiwan Republic of China (Address of Principal Executive Offices) (Indicate by check mark whether the registrant files or will file annual r ...
ChipMOS(IMOS) - 2022 Q4 - Earnings Call Transcript
2023-02-24 02:49
ChipMOS TECHNOLOGIES INC (NASDAQ:IMOS) Q4 2022 Earnings Conference Call February 23, 2023 2:00 AM ET Company Participants G.S. Shen - Investor Relations S.J. Cheng - Chairman and President Silvia Su - Vice President, Finance and Accounting Management Jesse Huang - Spokesperson and Senior Vice President-Strategy and Investor Relations Conference Call Participants Angela Dai - Credit Suisse Operator Greetings, and welcome to the ChipMOS Fourth Quarter and Full Year 2022 Results Conference Call. [Operator Inst ...