Core Viewpoint - ChipMOS Technologies Inc. has announced a share repurchase program totaling up to NT$350 million (approximately US$10.7 million), reflecting the company's belief that its shares are undervalued and represent a compelling investment opportunity [1][3]. Group 1: Share Repurchase Program - The company will repurchase up to 10,000,000 shares, which is about 1.38% of its issued share capital, from the open market on the Taiwan Stock Exchange [2]. - The repurchase will occur within a price range of NT$21.18 to NT$35.00 per share, and the buyback will continue even if the stock price falls below this range [2]. - The authorized period for the repurchase program is from January 22 to March 21, 2025 [2]. Group 2: Company Strategy and Outlook - The Chairman and President of ChipMOS stated that the repurchase aligns with the company's capital allocation strategy and reflects confidence in its financial performance and growth initiatives [3]. - The company aims to build long-term shareholder value through strategic initiatives that drive continued growth and leadership success [3]. Group 3: Company Overview - ChipMOS Technologies Inc. is a leading provider of outsourced semiconductor assembly and test services, with advanced facilities located in Hsinchu Science Park, Hsinchu Industrial Park, and Southern Taiwan Science Park [4]. - 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 worldwide [4].

Core Insights - ChipMOS TECHNOLOGIES INC. reported a full year 2024 revenue growth of approximately 6.3% compared to 2023, despite facing quarterly declines due to macro industry pricing and demand challenges [1][2]. Revenue Summary - The revenue for December 2024 was NT$1,780.1 million (US$54.3 million), reflecting a decrease of 3.0% from November 2024 and a decrease of 5.4% from December 2023 [3][4]. - For the fourth quarter of 2024, revenue was NT$5,399.6 million (US$164.7 million), which represents a decrease of 5.7% from the fourth quarter of 2023 and an 11.0% decrease from the third quarter of 2024 [2][4]. Company Overview - ChipMOS is recognized as an industry leader in outsourced semiconductor assembly and test services (OSAT), providing end-to-end services to various semiconductor companies globally [5].

Core Insights - ChipMOS TECHNOLOGIES INC. (NASDAQ: IMOS) has experienced poor stock performance in 2024, indicating potential challenges ahead for the company [1]. Company Overview - ChipMOS provides outsourced semiconductor assembly and test services (OSAT) to the semiconductor industry, highlighting its role in the supply chain [1]. Market Context - The semiconductor industry is facing various pressures, which may be reflected in the performance of companies like ChipMOS [1].

Core Viewpoint - ChipMOS Technologies Inc. reported a decline in revenue for October 2024, reflecting challenges in the semiconductor market, particularly in NAND flash and DDIC segments, while DRAM is expected to benefit from improving end markets [2][3]. Financial Performance - Revenue for October 2024 was NT$1,784.9 million (US$55.8 million), a decrease of 5.5% from September 2024 and a decrease of 9.4% from October 2023 [2][3]. - The revenue figures indicate a consistent trend with the company's previous earnings call, highlighting the impact of market demand and inventory adjustments [2]. Company Overview - ChipMOS Technologies Inc. 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 [4]. - 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 [4].

Financial Data and Key Metrics Changes - Q3 2024 revenue increased by 4.4% compared to Q2 2024 and was up 8.7% year-over-year [7][21] - Q3 gross profit increased by 3.4% compared to Q2 2024, while gross margin remained flat at 13.9%, down 2.0 percentage points from Q3 2023 [7][21] - Net earnings for Q3 2024 were NT$ 0.41 per share, a decrease of 33.6% compared to Q2 2024 and a decrease of 48.4% compared to Q3 2023 [21][22] - Total assets at the end of Q3 2024 were NT$ 45,291 million, with total liabilities of NT$ 20,449 million and total equity of NT$ 24,842 million [23] Business Line Data and Key Metrics Changes - Assembly represented 22.1% of Q3 revenue, while mixed-signal and memory testing represented 22.8% and wafer bumping represented 23.2% [9] - Memory products accounted for 36.3% of total Q3 revenue, with DRAM and SRAM representing 13.6% [10] - Driver IC and gold bump revenue represented 53.1% of total Q3 revenue, with gold bump revenue up 14.5% compared to Q2 2024 [13] Market Data and Key Metrics Changes - Smartphone revenue represented 39.5% of total Q3 revenue, up 10.6% compared to Q2 2024, driven by new OLED projects [16] - Automotive and industrial revenue represented 21.2% of Q3 revenue, up 1.6% compared to Q2 2024 [15] - TV panel demand represented 16.3% of Q3 revenue, down 10% compared to Q2 2024, reflecting broader demand softness [15] Company Strategy and Development Direction - The company is focusing on improving operating leverage, expense management, and overall efficiency while adding capacity through disciplined capital allocation [6] - A conservative outlook for Q4 2024 is anticipated due to continued headwinds and customer inventory adjustments [27] - The company is working on a low-cost silver alloy bump solution to enhance competitive positioning in the DDIC market [32] Management's Comments on Operating Environment and Future Outlook - Management expects the second half of 2024 to be better than the first half, aligning with insights from major semiconductor companies [28] - A slight correction in memory products is expected in Q4 due to softer demand and inventory adjustments [28] - The company is optimistic about the trend of upgrading commodity DRAM to DDR5 and high-density NAND Flash [40] Other Important Information - Total Q3 2024 revenue was NT$ 6,068 million, with net profit attributable to the company at NT$ 299 million [18] - Capital expenditures in Q3 were NT$ 2,089 million, with a breakdown across various segments [26] - The company's dividend policy remains between 40% to 60% of earnings [43] Q&A Session Summary Question: Guidelines for 2024 and 2025 CapEx - Expected CapEx for 2024 is 20% to 25% and for 2025 is roughly 15% to 20% [34] Question: Guidelines for depreciation - Depreciation for Q4 2024 to Q1 2025 is expected to increase by 3% to 4% quarterly [35] Question: Strategy against competition from China - The company is cooperating with customers on a low-cost silver alloy bump solution and expects to enhance competitive positioning [36] Question: Outlook for DDIC and Memory segments in 2025 - Anticipated rush orders for large panel DDIC and improving inventory levels [38] Question: Business opportunities from competitors in OLED market - The company is closely following product roadmaps of long-time customers to grow together [39] Question: Memory outlook in 2025 - Optimism about upgrading commodity DRAM to DDR5 and high-density NAND Flash [40]

Industry Leading Provider of Outsourced Semiconductor Assembly, Test & Bumping Services 3Q24 Results Conference November 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 may include f ...

Core Insights - ChipMOS TECHNOLOGIES INC. reported a revenue increase of 4.4% in Q3 2024 compared to Q2 2024, and an 8.7% growth compared to Q3 2023 [1][2] - The company experienced a gross profit expansion of 3.4% in Q3 2024 compared to Q2 2024 [1] - The overall utilization rate remained healthy at 67% [1] Financial Performance - Revenue for Q3 2024 was NT$6,068.0 million or US$191.7 million, up from NT$5,809.6 million or US$183.6 million in Q2 2024 and NT$5,581.5 million or US$176.4 million in Q3 2023 [2] - Net profit attributable to equity holders for Q3 2024 was NT$299.4 million or US$9.5 million, down from NT$450.6 million or US$14.2 million in Q2 2024 and NT$580.6 million or US$18.3 million in Q3 2023 [4] - Net earnings per basic common share were NT$0.41 or US$0.01 in Q3 2024, compared to NT$0.62 or US$0.02 in Q2 2024 and NT$0.80 or US$0.03 in Q3 2023 [4] Non-Operating Income and Expenses - Net non-operating expenses in Q3 2024 were NT$65.3 million or US$2.1 million, a decline from net non-operating income of NT$127.6 million or US$4.0 million in Q2 2024 [3] - The results were impacted by a foreign exchange loss of NT$73 million or US$2.3 million in Q3 2024, compared to a foreign exchange gain of NT$25 million or US$0.8 million in Q2 2024 [3] Cash Position - The company maintained a strong financial position with a balance of cash and cash equivalents of NT$13,776.6 million or US$435.3 million [1][5] - Net free cash outflow for the first nine months of 2024 was NT$400.6 million or US$12.7 million, primarily for capacity additions [5] Company Overview - ChipMOS is an industry-leading provider of outsourced semiconductor assembly and test services, with advanced facilities in Taiwan [7] - The company serves fabless semiconductor companies, integrated device manufacturers, and independent semiconductor foundries across various end markets worldwide [7]

HSINCHU, Oct. 17, 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 announced that it will report third quarter 2024 results and host a conference call after the close of trading on the Taiwan Stock Exchange on Tuesday, November 5, 2024.Investors and analysts are encouraged to participate using the dial-in phone number noted be ...

HSINCHU, Oct. 9, 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 September 2024 and for the third quarter ended September 30, 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$31.65 to US$1.00 as of September 30, 2024.Rev ...

HSINCHU, Sept. 19, 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 announced that it will present to institutional investors at the UBS Taiwan Summit 2024, at the W Taipei Hotel, on Wednesday, September 25, 2024.Management from the Company, including Jesse Huang, Senior Vice President of Strategy and Investor Relations, will ...