ChipMOS Technologies (NASDAQ:IMOS) Q3 2022 Earnings Conference Call November 3, 2022 3:00 AM ET

Company Participants

G.S. Shen - Investor Relations

S.J. Cheng - Chairman and President

Silvia Su - Vice President, Finance and Accounting Management

Jesse Huang - Spokesperson and Senior Vice President-Strategy and Investor Relations

Conference Call Participants

Jerry Su - Credit Suisse

Stanley Wang - SinoPack Securities

Operator

Greetings, and welcome to the ChipMOS Third Quarter 2022 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation.

I would now like to turn the conference over to Dr. G.S. Shen, of ChipMOS Technologies Strategy and Investor Relations team to introduce the management team of the company in conference. Dr. Shen, you may begin.

G.S. Shen

Thank you, operator. Welcome everyone to ChipMOS' third quarter 2022 results conference call. Joining us today from the company are Mr. S.J. Cheng, Chairman and President; and Ms. Silvia Su, Vice President of Finance and Accounting Management Center. We are also joined on the call today by Mr. Jesse Huang, Spokesperson and Senior Vice President of Strategy and Investor Relations. S.J. will chair the meeting and review business highlights and provide color on the operating environment. After Silvia’s review of the company's key financial results, S.J. will provide our current business outlook. All company executives will then participate in an open Q&A session.

Please note, we have posted a presentation on the MOPS and also on the ChipMOS' website www.chipmos.com to accompany today’s conference call. Before we begin the prepared comments, we advise you to review our forward-looking statements disclaimer, which is noted as the Safe Harbor Notice on the second page of today’s presentation. As a reminder, today’s conference call is being recorded and a replay will be made available later today on the company’s website.

At this time, I'd like to now turn the call over to our company's Chairman and President, Mr. S.J. Cheng. Please go ahead, sir.

S.J. Cheng

Yes. Thank you, G.S. We appreciate everyone joining our call today. We continue to focus on supporting our customers as they work through inventory adjustments and other market challenges. This is the same approach we have taken during prior downturns. This helps us build long-term relationships and drive growth when volumes rebound.

In terms of Q3, 2022, the macro headwinds of global inflation and inventory adjustments impacted our results like nearly every other semiconductor company. For ChipMOS, our Q3 revenue was down 23.3% from Q2, 2022 and down 26.6% year-over-year.