Financial Data and Key Metrics Changes - Unconsolidated revenue grew by 9% year on year in 2025, with ATM revenues up 18% year on year [5] - Consolidated net revenues for Q2 2025 were NT$150.8 billion, representing a 2% sequential increase and a 7% year-over-year increase [31] - Gross profit for Q2 2025 was NT$25.7 billion, with a gross margin of 17%, improving by 0.2 percentage points sequentially and 0.6 percentage points year over year [32] - Operating profit was NT$10.2 billion, up NT$500 million sequentially and NT$1.2 billion year over year, with an operating margin of 6.8% [33] Business Line Data and Key Metrics Changes - The testing business grew by 31% year on year in the first half of 2025, with expectations for continued momentum into the second half [6] - ATM revenues for Q2 2025 were NT$92.6 billion, up NT$5.9 billion sequentially and NT$14.8 billion year over year, representing a 19% annual increase [36] - EMS revenues for Q2 2025 were NT$58.8 billion, declining 6% sequentially and 7% year over year [43] Market Data and Key Metrics Changes - The company noted a disparity between AI and other general sectors, with expectations for improvement in the second half of 2025 and beyond [21] - The company is experiencing strong demand for high-performance computing (HPC) and AI, alongside a healthy recovery in the general market [63] Company Strategy and Development Direction - The company aims to expand its leading-edge advanced packaging and testing revenue, targeting a significant increase in 2025 [7] - Investment in R&D, human capital, advanced capacity, and smart factory infrastructures are seen as key supports for multiyear growth [9] - The company is considering overseas expansions while optimizing resources between Taiwan and other locations [22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth prospects despite current foreign exchange challenges, expecting a return to structural margin levels in 2026 [29][93] - The company is focused on leveraging its scale and capabilities to align pricing and investment strategies with its value proposition [55] Other Important Information - The NT dollar strengthened by 4.9% against the U.S. dollar, negatively impacting financial performance due to currency fluctuations [26] - The company anticipates increasing its debt outstanding throughout the year, with a net debt to equity ratio of 52% [46] Q&A Session Summary Question: How to reconcile strong ATM guidance with slow end markets? - Management indicated that guidance is based on firm customer orders, which include AI and other sectors like wireless and automotive [61][62] Question: Why maintain revenue guidance for advanced packaging despite TSMC's revision? - Management explained that capacity constraints are a factor, and they are focused on execution and operational challenges [66][68] Question: Will pricing strategy change due to current currency environment? - Management noted that pricing strategies are under consideration, with a focus on resource optimization and customer loyalty [74][98] Question: Expectations for AI-related business growth in packaging? - Management confirmed intentions to grow both packaging and testing businesses, with a focus on meeting customer requirements [78][80]