ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) Q3 2024 Earnings Conference Call November 5, 2024 3:00 AM ET

Company Participants

GS Shen - Technical Deputy Director-Strategy & Investor Relations
SJ Cheng - Chairman & President
Silvia Su - Vice President, Finance & Accounting Management Center

Conference Call Participants

Anthony Liu - Yuanta

Operator

Greetings, and welcome to the ChipMOS Third Quarter 2024 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. GS Shen of ChipMOS TECHNOLOGIES' Strategy and Investor Relations team to introduce the management team of the company in conference. Dr. Shen, you may begin.

GS Shen

Thank you, operator. Welcome, everyone, to ChipMOS' third quarter 2024 results conference call. Joining us today from the company are Mr. SJ 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.

SJ 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, SJ 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. SJ Cheng. Please go ahead, sir.

SJ Cheng

Yes, thank you, GS. We appreciate everyone joining our call today. Our results were strong in the third quarter. We are pleased with our business execution in the face of headwinds from inventory adjustments across most end markets, which is being seen by the broader industry and is not specific to ChipMOS. At the same time, we continue to focus on improving operating leverage, operating expense management and overall efficiency of our business. We are carefully adding capacity through disciplined capital allocation to meet higher growth opportunities. As a result, we are expanding our leadership and building greater value for shareholders over the long-term.