ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Q1 2024 Earnings Conference Call May 9, 2024 3:00 AM ET Company Participants GS Shen - Technical Deputy Director-Strategy and Investor Relations SJ Cheng - Chairman and President Silvia Su - Vice President-Finance and Accounting Management Center Jesse Huang - Spokesperson and Senior Vice President-Strategy and Investor Relations Conference Call Participants Haas Liu - UBS Stanley Wang - SinoPac Michael Hsu - Yuanta Operator Greetings, and welcome to the ChipMOS First ...

HSINCHU, May 10, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 andNasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of April 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.58 to US$1.00 as of April 30, 2024. Revenue for the month of April 2024 was NT$1,867.6 million or ...

17.7% Increase in 1Q24 Revenue Compared to 1Q23 180 Basis Point Expansion in Gross Margin to 14.2% in 1Q24 Compared to 12.4% in 1Q23 Net Earnings More than Doubled to NT$0.60 per Basic Common Share Compared to NT$0.28 per Basic Common Share in 1Q23 Strong Financial Position and Liquidity with NT$12,164.6 Million or US$381.0 Million Balance of Cash and Cash Equivalents Dividend of NT$1.8 per Common Share Authorized by the Company's Board of Directors Pending Shareholder Approval at May 2024 AGM HSINCHU, Ma ...

[Filing Information](index=1&type=section&id=Filing%20Information) This section details the filing of ChipMOS TECHNOLOGIES INC.'s Form 6-K report for April 2024, signed on April 11, 2024 - The registrant, ChipMOS TECHNOLOGIES INC., filed a Form 6-K report for April 2024[1](index=1&type=chunk) - The report was duly signed and authorized on April 11, 2024[2](index=2&type=chunk) [Reconciliation of Financial Statements for FY 2023](index=3&type=section&id=Reconciliation%20of%20Financial%20Statements%20for%20FY%202023) This section reconciles consolidated financial statements for FY 2023 between IFRS and Taiwan IFRSs, primarily due to income tax recognition timing - The announcement discloses differences between consolidated financial statements prepared under IFRSs and Taiwan IFRSs for the fiscal year ended December 31, 2023[3](index=3&type=chunk) Comparison of FY 2023 Financial Results (IFRS vs. Taiwan IFRS) | Metric | Taiwan IFRS (NT$ thousands) | IFRS (NT$ thousands) | | :--- | :--- | :--- | | **For the year ended Dec 31, 2023** | | | | Net Profit (attributable to equity holders) | 1,893,428 | 1,967,565 | | Total Comprehensive Income (attributable to equity holders) | 1,714,371 | 1,796,589 | | Basic EPS (NT$) | 2.60 | 2.71 | | Diluted EPS (NT$) | 2.58 | 2.68 | | **As of Dec 31, 2023** | | | | Total Consolidated Liabilities | 21,306,832 | 21,397,287 | | Equity (attributable to equity holders) | 24,853,652 | 24,763,197 | - The main cause for the differences is the timing of recognizing the **5% income tax** on unappropriated retained earnings and cumulative effects from previous years[4](index=4&type=chunk)

As filed with the Securities and Exchange Commission on April 11, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ 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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUA ...

HSINCHU, April 10, 2024 /PRNewswire-FirstCall/ -- ChipMOS TECHNOLOGIES INC. ("ChipMOS" or the "Company") (Taiwan Stock Exchange: 8150 andNasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services ("OSAT"), today reported its unaudited consolidated revenue for the month of March 2024 and for the first quarter ended March 31, 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.93 to US$1.00 as of March 29, 2024. Revenue for ...

Core Viewpoint - ChipMOS Technologies Inc. reported a significant increase in revenue for February 2024, driven by improvements in the memory segment and demand recovery across the industry [1][2]. Financial Performance - The unaudited consolidated revenue for February 2024 was NT$1,777.1 million (US$56.2 million), marking a 4.0% increase from January 2024 and a 23.6% increase from February 2023 [2][3]. - The revenue growth was attributed to improved inventory stabilization and demand recovery, which offset the impact of fewer working days due to the Lunar New Year holiday and ongoing inventory rebalancing at customer sites [2][3]. Company Overview - ChipMOS is recognized as an industry leader in outsourced semiconductor assembly and test services (OSAT), with advanced facilities located in Hsinchu Science Park, Hsinchu Industrial Park, and Southern Taiwan Science Park [4]. - The company provides comprehensive assembly and test services to a wide range of clients, including fabless semiconductor companies, integrated device manufacturers, and independent semiconductor foundries, serving virtually all end markets globally [4].

Financial Data and Key Metrics Changes - Q4 2023 revenue increased by 22.2% compared to Q4 2022 and was up 2.6% from Q3 2023 [4] - Full year 2023 revenue declined by 9.2% compared to 2022 due to industry headwinds and inventory corrections [4] - Q4 gross margin increased by 560 basis points to 20.1% from 14.5% in Q4 2022, and increased by 420 basis points compared to Q3 2023 [5] - Overall gross margin for 2023 decreased by 430 basis points to 16.6% compared to 2022 [13] - Net earnings in Q4 2023 tripled to NT$0.66 from NT$0.22 in Q4 2022 but decreased from NT$0.80 in Q3 2023 [5] - Total assets at the end of Q4 2023 were NT$46,161 million, with total liabilities at NT$21,307 million [15] Business Line Data and Key Metrics Changes - Assembly represented 23.2% of Q4 revenue, mixed-signal and memory testing represented around 19.9%, and wafer bumping represented around 20.4% of Q4 revenue [5] - Memory products accounted for about 36.2% of total Q4 revenue, with memory product revenue up 9.5% compared to Q3 2023 [6] - DRAM revenue increased by 28.4% compared to Q3 2023, representing about 16.9% of total Q4 revenue [6] - Gold bump revenue decreased by 9% compared to Q3 2023, while DDIC revenue was up by 0.9% compared to Q3 2023 [7] Market Data and Key Metrics Changes - Total revenue from Automotive and Industrial was up 6.9% compared to Q3 and represented about 21.2% of Q4 revenue [8] - Smartphones represented about 35.2% of Q4 revenue, increasing by 7.3% compared to Q3 [8] - Revenue from Automotive panels increased by 11.8% from Q3, accounting for more than 25% of Q4 DDIC revenue [7] Company Strategy and Development Direction - The company plans to invest conservatively in 2024, similar to 2023, focusing on Green Energy, Automation, Robotics, and AI [19] - The company aims to maintain its competitive advantage by investing in R&D and developing core technologies [34] - The Board approved a dividend of TWD1.8 per common share, reflecting the company's strong market position and focus on shareholder value [20] Management's Comments on Operating Environment and Future Outlook - The company expects Q1 2024 to be the trough quarter, with operating momentum improving in the second half of 2024 [18] - Management noted that while there is softness in end product demand for certain products, Automotive panel and OLED demand are expected to remain stable [19] - The company anticipates positive annual revenue growth in 2024 despite cost increases from green energy requirements [31] Other Important Information - The effective tax rate for 2024 is expected to be around 17% to 19% [25] - The company invested NT$1,499 million in CapEx in Q4 2023 and NT$3,228 million in CapEx for the full year 2023 [17] Q&A Session Summary Question: Why did gross margin go up so much in Q4? - Management attributed the increase to lower electricity charges, reduced gold material charges, and decreased depreciation [22] Question: Could you provide a more detailed outlook about Q1 2024, for revenue and gross margin? - Management expects Q1 2024 to be the normal trough quarter, with operating momentum improving throughout the year [24] Question: What is your CapEx, depreciation, and effective income tax rate for 2024? - CapEx is expected to be around 15% of annual revenue, with depreciation rates increasing by 1% to 3% quarterly and an effective tax rate of 17% to 19% [25] Question: Please give us more color on the CapEx increase QoQ from DDIC? - CapEx was mainly used for high-end testers in Q4 2023 [26] Question: What is the DDIC high-end tester utilization rate after the Lunar New Year holiday? - The high-end tester utilization rate remains high, while mid to low-end tester utilization has declined [28] Question: Please give us more color about revenue for the first half and second half of 2024? - Estimated revenue for the first half is around 46% to 47%, and for the second half, around 53% to 54% [30] Question: Comparing revenue and gross margin for the growth momentum of 2024, which one could perform better? - Positive revenue growth is expected, but cost increases from green energy requirements may impact gross margin [31] Question: The Company benefited from automotive market demand in 2023, however, the end demand seems to be slowing down. What can you comment on this segment in 2024? - Management expects the automotive segment to be flattish year-over-year in 2024 [33] Question: Is there any plan for high-end tester capacity expansion in 2024? - Capacity expansion will depend on customer demand and utilization levels [36]

Industry Leading Provider of Outsourced Semiconductor Assembly, Test & Bumping Services 4Q23 & Full Year Results Conference February 2024 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 ...

Core Viewpoint - ChipMOS TECHNOLOGIES INC. reported a significant year-over-year revenue increase of 28.4% for January 2024, despite a month-over-month decline of 9.2% from December 2023, indicating a recovery in demand for memory products [1][2][3]. Revenue Summary - January 2024 revenue was NT$1,708.5 million (US$54.6 million), down from NT$1,881.5 million (US$60.1 million) in December 2023, but up from NT$1,330.2 million (US$42.5 million) in January 2023 [2][3]. - The year-over-year revenue growth of 28.4% reflects improved inventory stabilization and demand recovery in memory products [1][3]. Company Overview - ChipMOS is a leading provider of outsourced semiconductor assembly and test services (OSAT), with advanced facilities located in Hsinchu Science Park, Hsinchu Industrial Park, and Southern Taiwan Science Park [1]. - The company serves a wide range of clients, including fabless semiconductor companies, integrated device manufacturers, and independent semiconductor foundries, catering to virtually all end markets globally [1].