ChipMOS Technologies Inc. (NASDAQ:IMOS) Q4 2020 Earnings Conference Call March 16, 2021 3:00 AM ET Company Participants S.J. Cheng - Chairman and President G.S. Shen - Technical Deputy Director-Strategy and Investor Relations Silvia Su - VP of Finance and Accounting Management Center Jesse Huang - Spokesperson and SVP-Strategy and Investor Relations. Conference Call Participants Jerry Su - Credit Suisse Operator Greetings, and welcome to the ChipMOS' Fourth Quarter and Full Year 2020 Results Conference Call ...

ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Q3 2020 Earnings Conference Call November 10, 2020 7:00 AM ET Company Participants David Pasquale – Global IR Partners S.J. Cheng – Chairman and President Silvia Su – Vice President-Finance and Accounting Management Center Conference Call Participants Scott Bishins – Caffeine Holdings Vipul Sagar – Blash Capital Operator Greetings, and welcome to the ChipMOS Third Quarter 2020 Results Conference Call. At this time, all participants are in a listen-only mode. A questio ...

Financial Data and Key Metrics Changes - Q2 2020 revenue grew by 10.7% compared to Q2 2019, marking a six-year record high for Q2 revenue [7] - For the first half of 2020, revenue increased by 17.6% compared to the first half of 2019 [7] - Gross margin for Q2 2020 was 20.7%, an increase of 360 basis points compared to Q2 2019 [7][20] - Net profit for Q2 2020 was US$18.5 million, down from US$43.3 million in Q2 2019 [21] - Operating profit margin for Q2 was 14.5%, an improvement of 5.3 percentage points compared to Q2 2019 [20] Business Line Data and Key Metrics Changes - Testing utilization level increased to 81% in Q2 2020, while assembly utilization declined to 76% [8] - Revenue from the mix signal segment grew to around 11% of Q2 2020 revenue [10] - COF segment represented 30.4% of revenue, while DRAM and SRAM represented 22% [10] - NAND flash business represented about 34% of total Q2 flash revenue [10] Market Data and Key Metrics Changes - Revenue from smartphones declined to 34.5% of total Q2 revenue, while revenue from TV and computing grew to 20% and 13% respectively [11] - The automobile and industry segments represented about 10.5% of revenue, with the consumer category holding flat at 22% [11] Company Strategy and Development Direction - The company remains focused on growth segments and execution while being cautious due to the uncertain coronavirus environment [12] - Expectations for Q3 include growth in memory and DDIC-related product segments, with DDIC growth anticipated to outperform memory [12][14] - The company aims to improve margins through higher revenue, favorable mix, and ongoing cost control [12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about revenue growth in Q3, citing a 5.7% increase in July revenue compared to June [31] - The company noted that demand for commodity DRAM remains stable due to increased work-from-home trends [33] - Management acknowledged challenges in the smartphone market but expects TDDI growth to help offset weaknesses [14] Other Important Information - Total assets at the end of Q2 were US$1.2 billion, with total equity of US$664.5 million [21] - Free cash flow for Q2 was US$48.6 million, with expectations for positive free cash flow in the second half of the year [22][48] Q&A Session Summary Question: Will the new format for earnings releases continue? - Management confirmed that the new presentation format will be continued [25] Question: Has the increase in gold prices affected gross margins? - Management indicated that gold price increases have pressured margins, estimating a 0.8% to 1% impact on gross margin if gold prices rise by 10% [27][28] Question: What is the outlook for revenue and margins in Q3? - Management is optimistic about revenue growth in Q3, with expectations for improved margins despite pressures from gold prices and foreign exchange [31][33] Question: How is the Unimos business performing? - Unimos reached breakeven with limited profit in the first half of the year [50] Question: Is there a plan to monetize the Unimos stake? - Management is exploring options to find the best benefit for shareholders, including potential negotiations to dispose of remaining shares [52]