Form 6-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 6-K

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August, 2021

Commission File Number 001-37928

 

 

ChipMOS TECHNOLOGIES INC.

(Translation of Registrant’s Name Into English)

 

 

No. 1, R&D Rd. 1, Hsinchu Science Park

Hsinchu, Taiwan

Republic of China

(Address of Principal Executive Offices)

 

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: August 10, 2021    

ChipMOS TECHNOLOGIES INC.

(Registrant)

    By:  

/S/ S. J. Cheng

    Name:   S. J. Cheng
    Title:   Chairman & President


EXHIBIT INDEX

 

Exhibit
Number

  

Description

99.1    Press release issued by ChipMOS on August 10, 2021.
99.2    ChipMOS second quarter 2021 conference call presentation material.

 

-1-

EX-99.1
LOGO       Exhibit 99.1

 

Contacts:

In Taiwan

Jesse Huang

ChipMOS TECHNOLOGIES INC.

+886-6-5052388 ext. 7715

IR@chipmos.com

  

In the U.S.

David Pasquale

Global IR Partners

+1-914-337-8801

dpasquale@globalirpartners.com

ChipMOS REPORTS SECOND QUARTER 2021 RESULTS

 

   

Revenue Increases 28.6% in 2Q21 Compared to 2Q20 to US$250.2 Million

 

   

28.2% Gross Margin Increases 750 Basis Points from 2Q20

 

   

Net Earnings Increase 33.3% Compared to NT$1.32 of 1Q21, with 2Q21 Reaching NT$1.76 per Basic Common Share or US$1.26 per Basic ADS

 

   

78.0% Increase in Net Earnings for the first half of 2021 to NT$3.08 from NT$1.73 in the first half of 2020, with per Basic ADS to US$2.21 compared to US$1.24

 

   

Free Cash Flow of US$63.3 Million in the first half of 2021, with Further Expansion of Cash and Cash Equivalents Balance to US$193.5 Million

 

   

Cash Dividend of NT$2.20 Per Common Share or Approximately US$1.58 Per ADS Approved by Shareholders

Hsinchu, Taiwan – August 10, 2021 - ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported consolidated financial results for the second quarter ended June 30, 2021. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$27.91 against US$1.00 as of June 30, 2021.

All the figures were prepared in accordance with Taiwan-International Financial Reporting Standards (“Taiwan-IFRS”).

Revenue for the second quarter of 2021 was NT$6,982.3 million or US$250.2 million, an increase of 8.0% from NT$6,465.3 million or US$231.6 million in the first quarter of 2021 and an increase of 28.6% from NT$5,428.1 million or US$194.5 million for the same period in 2020, primarily due to strength across key markets and a higher ASP.

Net non-operating expenses in second quarter of 2021 was NT$18.9 million or US$0.7 million, compared to net non-operating income NT$25.3 million or US$0.9 million in the first quarter of 2021. The difference is primarily due to the increased foreign exchange loss of NT$55 million or US$2.0 million, and increased loss on valuation of financial assets at fair value through profit or loss of NT$13 million or US$0.5 million and partially offset by the increase of the share of gain of associates accounted for using equity method of NT$23 million or US$0.8 million. Net non-operating expenses in second quarter of 2020 were NT$132.8 million or US$4.8 million.

Net profit attributable to equity holders of the Company for the second quarter of 2021 was NT$1,283.6 million or US$46.0 million, and NT$1.76 or US$0.06 per basic common share, as compared to NT$959.1 million or US$34.4 million, and NT$1.32 or US$0.05 per basic common share in the first quarter of 2021. This compares to NT$544.9 million or US$19.5 million, and NT$0.75 or US$0.03 per basic common share in the second quarter of 2020. Net earnings for the second quarter of 2021 were US$1.26 per basic ADS, compared to US$0.95 per basic ADS for the first quarter of 2021 and US$0.54 per basic ADS in the second quarter of 2020.

Free cash flow for the first half of 2021 was NT$1,767.7 million or US$63.3 million, with a balance of cash and cash equivalents was NT$5,399.3 million or US$193.5 million.

 

-1-


LOGO

 

Second Quarter 2021 Investor Conference Call / Webcast Details

Date: Tuesday, August 10, 2021

Time: 3:00PM Taiwan (3:00AM New York)

Dial-In: +886-2-21928016

Password: 313372 #

Webcast of Live Call and Replay: https://www.chipmos.com/chinese/ir/info2.aspx

Replay Starting 2 Hours After Live Call Ends

Language: Mandarin

 

Note:

The Company will provide an English translation audio and transcript of the conference call on its website following the Mandarin conference call to help ensure transparency, and to facilitate a better understanding of the Company’s financial results and operating environment.

About ChipMOS TECHNOLOGIES INC.:

ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and NASDAQ: IMOS) (https://www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS provide assembly and test services to a broad range of customers, including leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries.

Forward-Looking Statements

This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors, including the ongoing impact of COVID-19. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.

 

-2-

EX-99.2

Slide 1

August 2021 Industry Leading Provider of Outsourced Semiconductor Assembly, Test & Bumping Services Q2’21 Results Conference Exhibit 99.2


Slide 2

Safe Harbor Notice This presentation contains certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategy, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors, including the ongoing impact of COVID-19. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC. 2


Slide 3

Agenda Welcome Q2’21 Operating Results S.J. Cheng Q2’21 Financial Results Silvia Su Q3’21 Business Outlook S.J. Cheng Q&A


Slide 4

Q2’21 Operating Results


Slide 5

Revenue: Q2: NT$6,982.3M (QoQ +8.0%, YoY +28.6%) new quarterly record high H1: NT$13,447.6 M (YoY +22.1%) Gross Margin: Q2: 28.2% (QoQ +4.0ppts, YoY +7.5ppts) Revenue & Gross Margin 5


Slide 6

Utilization Rate 6 Q2’21: 94% Q1’21: 95% Q2’20: 76% Q2’21: 86% Q1’21: 88% Q2’20: 71% Q2’21: 79% Q1’21: 81% Q2’20: 74% Q2’21: 87% Q1’21: 86% Q2’20: 76% Q2’21: 87% Q1’21: 81% Q2’20: 81%


Slide 7

Q2’21 Revenue Breakdown Product Segment Manufacturing Site


Slide 8

Revenue Breakdown - Memory 8 Q2’21: 43.1% (QoQ: +7.4%, YoY: +29.6%)


Slide 9

Revenue Breakdown - DDIC + Gold Bump 9 Q2’21: 45.4% (QoQ: +4.8%, YoY: +25.9%)


Slide 10

Revenue Breakdown - Application 10 DDIC & Gold bump Memory & Mixed-signal Content Performance of Q2’21 Smart Mobile 36% TV 16% Computing 12% Auto/Industrial 14% Consumer 22% Smart phone Wearable UHD/4K TV 8K TV OLED TV NB/Tablet PC / server SSD In-car infotainment ADAS / sensor industrial PC Game Smart speaker DSC, STB TWS


Slide 11

Q2’21 Financial Results


Slide 12

Consolidated Operating Results Summary


Slide 13

Consolidated Statements of Comprehensive Income Note (1) : QoQ: Difference mainly due to the increase of foreign exchange loss of NT$55M, the increase of loss on valuation of financial assets at fair value through profit or loss of NT$13M and partially offset by the increase of the share of gain of associates accounted for using equity method of NT$23M. YoY: Difference mainly due to the increase of the share of gain of associates accounted for using equity method of NT$64M, decrease of foreign exchange loss of NT$59M and partially offset by the increase of loss on valuation of financial assets at fair value through profit or loss of NT$18M.


Slide 14

Consolidated Statements of Financial Position & Key Indices


Slide 15

Consolidated Statements of Cash Flows Note (1): Difference mainly due to the increase of operating profit of NT$1,010M and depreciation expenses of NT$231M and partially offset by the increase of CapEx of NT$747M and income tax expenses of NT$169M.


Slide 16

Capital Expenditures & Depreciation CapEX: Q2 NT$1,585.9M Depreciation: Q2 NT$1,156.2M


Slide 17

Q3’21 Business Outlook


Slide 18

End markets continue to recover and drive higher demand Continue to strategically add capacity Expected profit improvement by OSAT ASP increasing and stable high UT level Closely monitoring tight wafer supply Memory: Increasing assembly and test capacity to meet strong demand DRAM: Healthy demand aided by customers re-stocking Flash: Continued growth led by increasing demand DDIC: Non-linear wafer supply causing utilization level fluctuations   Continued strong demand expected Mixed-signal: Continues to grow aided by major customers re-stocking Market & Business Outlook


Slide 19

Q&A https://www.chipmos.com