ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Q1 2022 Results Conference Call May 5, 2022 3:00 AM ET
Company Participants
Dr. G.S. Shen - Technology Strategy and IR
S.J. Cheng - Chairman and President
Silvia Su - VP, Finance and Accounting Management Center
Jesse Huang - Spokesperson and SVP, Strategy and IR
Conference Call Participants
Jerry Su - Credit Suisse
Stanley Wang - SinoPac Securities
Operator
Greetings. And welcome to the ChipMOS First Quarter 2022 Results Conference Call. [Operator Instructions]
I would now like to turn the conference over to Dr. G.S. Shen of ChipMOS Technology Strategy and Investor Relations team to introduce the management team of the company in conference. Dr. Shen, you may begin.
Dr. G.S. Shen
Thank you, operator. Welcome, everyone, to ChipMOS First 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 deliver strong financial results. It has not been easy with the semiconductor supply chain constraints and geopolitics. But our team has done a great job. We are focused and in position to capture higher volumes of the higher-margin segments we have been growing in.
In terms of Q1 2022, Q1 is normally lower than Q4 for the entire industry. For ChipMOS, even with the headwind of fewer working days in Q1, our revenue was just down 1% from Q4 2021 and was up 4% year-over-year. This reflects the strength of our business and benefit from customer restocking inventory.