The following is a summary of the ChipMOS TECHNOLOGIES INC. (IMOS) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Q3 2024 revenue increased to NT$ 6.068 billion, a growth of 4.4% compared to Q2 2024 and 8.7% year-over-year.

• Gross margin remained flat compared to Q2 but decreased by 200 basis points year-over-year.

• Net profit for Q3 2024 was NT$ 299 million, with earnings per share at NT$ 0.41.

• Operating profit margin improved slightly by 0.5 percentage points from Q2 to 6.9%.

Business Progress:

• Added capacity through disciplined capital allocation to meet growth opportunities, particularly focusing on memory products and DDIC businesses.

• Continued collaboration with customers on new low-cost silver alloy bump solution, enhancing the competitive position of its DDIC products.

Opportunities:

• Memory product revenue showed a robust year-over-year increase of 16.2%, and demand for DRAM is expected to remain stable with improving end markets.

• New OLED project production is driving growth in the DDIC segment.

Risks:

• A conservative view for Q4 due to potential continued headwinds facing the broader market and uncertainty around continued customer inventory adjustments, especially noted in NAND Flash and broader large panels demand softness.

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