ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Q4 2023 Earnings Conference Call February 22, 2024 2:00 AM ET
Company Participants
G.S. Shen - Technical Deputy Director-Strategy & Investor Relations
S.J. Cheng - Chairman & President
Silvia Su - Vice President-Finance & Accounting Management Center
Jesse Huang - Spokesperson and Senior Vice President-Strategy & Investor Relations
Conference Call Participants
Angela Dai - UBS
Stanley Wang - SinoPac
Operator
Greetings, and welcome to the ChipMOS Fourth Quarter and Full Year 2023 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' fourth quarter and full year 2023 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 remind you to review our forward-looking statements disclaimer, which is noted as the Safe Harbor Notice on the second page of today’s presentation and in the results press release we issued. 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 are very pleased with our strong results in the face of broader industry headwinds and market challenges. We continue to carefully add capacity, expand our leadership, and build value for shareholders.
In terms of Q4 and full year highlights, our Q4 revenue increased 22.2% compared to Q4 2022, and was up 2.6% from Q3 2023. Full year 2023 revenue declined 9.2% compared to 2022 reflecting industry headwinds and inventory corrections.