CHIPMOS TECHNOLOGIES INC Files 20-F Annual Report for Fiscal Year Ended December 31, 2023

TL;DR

<b>CHIPMOS TECHNOLOGIES INC has submitted its 2023 annual report on Form 20-F, detailing its financial performance and business operations.</b>

AI Summary

CHIPMOS TECHNOLOGIES INC (IMOS) filed a Foreign Annual Report (20-F) with the SEC on April 11, 2024. CHIPMOS TECHNOLOGIES INC filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company is incorporated in F5 and its principal executive offices are located in Hsinchu Science Park, Taiwan. The report includes financial information and disclosures relevant to the "1934 Act". The filing was made on April 11, 2024.

Why It Matters

For investors and stakeholders tracking CHIPMOS TECHNOLOGIES INC, this filing contains several important signals. This filing provides investors and stakeholders with a comprehensive overview of the company's financial health and strategic direction for the past fiscal year. As a 20-F filing, it offers detailed disclosures required for foreign private issuers, including financial statements prepared under IFRS.

Risk Assessment

Risk Level: low — CHIPMOS TECHNOLOGIES INC shows low risk based on this filing. The filing is a routine annual report (20-F) and does not contain immediate, significant new financial or operational information that would alter the company's risk profile.

Analyst Insight

Review the detailed financial statements and risk factor disclosures within the 20-F to understand CHIPMOS TECHNOLOGIES INC's performance and outlook.

Key Numbers

• 2023-12-31 — Fiscal Year End (Conformed period of report)
• 2024-04-11 — Filing Date (Filed as of date)
• 194 — Public Document Count (Number of documents in the filing)
• 001-37928 — SEC File Number (SEC file number for the company)

Key Players & Entities

• CHIPMOS TECHNOLOGIES INC (company) — Filer name
• 0000950170-24-043516 (filing_id) — Accession number
• 20240411 (date) — Filing date
• 20231231 (date) — Conformed period of report
• 0001123134 (company_id) — Central Index Key
• 3674 (industry_code) — Standard Industrial Classification
• F5 (jurisdiction) — State of incorporation
• 1934 Act (regulation) — SEC Act

FAQ

Industry Context

CHIPMOS TECHNOLOGIES INC operates in the Semiconductors & Related Devices industry, a sector characterized by rapid technological advancements and global supply chains.

Regulatory Implications

As a foreign private issuer, CHIPMOS TECHNOLOGIES INC is subject to the reporting requirements of the Securities Exchange Act of 1934, including the filing of Form 20-F.

What Investors Should Do

1. Analyze the financial statements and management discussion and analysis (MD&A) within the 20-F for detailed performance insights.
2. Review the risk factors section for any new or evolving risks impacting the company's operations or financial stability.
3. Compare the reported figures with previous fiscal years to identify trends and assess year-over-year performance.

Key Dates

• 2024-04-11: Filing of 20-F — Annual report submission for fiscal year 2023

Year-Over-Year Comparison

This is the initial filing analyzed for the fiscal year 2023, providing a baseline for future comparisons.

Key Financial Figures

• $10 — Registered Common Shares, par value NT$10 per share * IMOS * The NASDAQ Globa
• $30.62 — rk as of December 29, 2023, which was NT$30.62 to US$1.00. We make no representation t
• $1.00 — ember 29, 2023, which was NT$30.62 to US$1.00. We make no representation that the NT
• $8,211 m — r semiconductors generated revenue of NT$8,211 million, NT$7,289 million and NT$7,822 mi
• $7,289 million — enerated revenue of NT$8,211 million, NT$7,289 million and NT$7,822 million (US$255 million) i
• $7,822 million — T$8,211 million, NT$7,289 million and NT$7,822 million (US$255 million) in 2021, 2022 and 2023
• $255 million — T$7,289 million and NT$7,822 million (US$255 million) in 2021, 2022 and 2023, respectively.
• $2,749 m — 2 and 2023, respectively. We invested NT$2,749 million, NT$2,677 million and NT$1,757 mi
• $2,677 million — tively. We invested NT$2,749 million, NT$2,677 million and NT$1,757 million (US$57 million) in
• $1,757 million — T$2,749 million, NT$2,677 million and NT$1,757 million (US$57 million) in 2021, 2022 and 2023,
• $57 million — T$2,677 million and NT$1,757 million (US$57 million) in 2021, 2022 and 2023, respectively,
• $14,912 million — cember 31, 2023, we had approximately NT$14,912 million (US$487 million) outstanding long-term
• $487 million — had approximately NT$14,912 million (US$487 million) outstanding long-term indebtedness. Ou
• $11,271 million — 2% to 1.75%. As of December 31, 2023, NT$11,271 million (US$368 million) of our indebtedness wa
• $368 million — December 31, 2023, NT$11,271 million (US$368 million) of our indebtedness was secured by col

Filing Documents

• imos-20231231.htm (20-F) — 5627KB
• imos-ex4_23.htm (EX-4.23) — 574KB
• imos-ex4_24.htm (EX-4.24) — 541KB
• imos-ex8_1.htm (EX-8.1) — 6KB
• imos-ex11_2.htm (EX-11.2) — 73KB
• imos-ex12_1.htm (EX-12.1) — 12KB
• imos-ex12_2.htm (EX-12.2) — 13KB
• imos-ex13_1.htm (EX-13.1) — 7KB
• imos-ex13_2.htm (EX-13.2) — 7KB
• imos-ex97_1.htm (EX-97.1) — 54KB
• img65916899_0.jpg (GRAPHIC) — 69KB
• img65916899_1.jpg (GRAPHIC) — 18KB
• img65916899_2.jpg (GRAPHIC) — 19KB
• img65916899_3.jpg (GRAPHIC) — 14KB
• img65916899_4.jpg (GRAPHIC) — 8KB
• img65916899_5.jpg (GRAPHIC) — 7KB
• img65916899_6.jpg (GRAPHIC) — 9KB
• img65916899_7.jpg (GRAPHIC) — 10KB
• img65916899_8.jpg (GRAPHIC) — 17KB
• 0000950170-24-043516.txt (&nbsp;) — 24806KB
• imos-20231231.xsd (EX-101.SCH) — 2486KB
• imos-20231231_htm.xml (XML) — 5846KB

Item 18

Item 17 Item 18 If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No * Not for trading, but only in connection with the listing on the NASDAQ Global Select Market of American Depositary Receipts evidencing American Depositary Shares (the "ADSs"), each representing 20 common shares of ChipMOS TECHNOLOGIES INC. TABLE OF CONTENTS ChipMOS TECHNOLOGIES INC. CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 1 PART I 3 Item 1. Identity of Directors, Senior Management and Advisers 3 Item 2. Offer Statistics and Expected Timetable 3 Item 3. Key Information 3 Item 4. Information on the Company 17 Item 4A. Unresolved Staff Comments 42 Item 5. Operating and Financial Review and Prospects 42 Item 6. Directors, Senior Management and Employees 53 Item 7. Major Shareholders and Related Party Transactions 58 Item 8. Financial Information 58 Item 9. The Offer and Listing 59 Item 10. Additional Information 59 Item 11. Quantitative and Qualitative Disclosure about Market Risk 72 Item 12.

Description of Securities Other Than Equity Securities

Description of Securities Other Than Equity Securities 73 PART II 75 Item 13. Defaults, Dividend Arrearages and Delinquencies 75 Item 14. Material Modifications to the Rights of Security Holders and Use of Proceeds 75 Item 15.

Controls and Procedures

Controls and Procedures 75 Item 16A. Audit Committee Financial Expert 76 Item 16B. Code of Ethics 76 Item 16C. Principal Accountant Fees and Services 76 Item 16D. Exemptions from the Listing Standards for Audit Committees 76 Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers 76 Item 16F. Change in Registrant's Certifying Accountant 76 Item 16G. Corporate Governance 76 Item 16H. Mine Safety Disclosure 79 Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 79 Item 16J. Insider Trading Policies 79 Item 16K. Cybersecurity 79 PART III 81 Item 17.

Financial Statements

Financial Statements 81 Item 18.

Financial Statements

Financial Statements 81 Item 19. Exhibits 81 CAUTIONARY STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 Except for historical matters, the matters discussed in this Annual Report on Form 20-F are forward-looking statements that are subject to a number of significant risks and uncertainties and are based on information as of the date hereof. These statements are generally indicated by the use of forward-looking terminology such as the words "anticipate", "believe", "estimate", "expect", "intend", "may", "plan", "project", "will", "could", "might", "should" and other words and phrases of similar import that express an indication of actions or results of actions that may or are expected to occur in the future. These statements appear in a number of places throughout this Annual Report on Form 20-F and include statements regarding our intentions, beliefs or current expectations concerning, among other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the industries in which we operate. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance and our actual results of operations, financial condition and liquidity, and the development of the industries in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this Annual Report on Form 20-F. Important factors that could cause those differences include, but are not limited to: the volatility of the semiconductor industry and the market for end-user applications for semiconductor products; overcapacity in the semiconductor assembly and testing markets; the increased competition from other companies and our ability to retain and increase our marke

Identity of Directors, Senior Management and Advisers

Item 1. Identity of Directors, Senior Management and Advisers Not applicable.

Offer Statistics and Expected Timetable

Item 2. Offer Statistics and Expected Timetable Not applicable.

Key Information

Item 3. Key Information Capitalization and Indebtedness Not applicable. Reasons for the Offer and Use of Proceeds Not applicable.

Risk Factors

Risk Factors Risks Relating to Economic Conditions and the Financial Markets Global inflation and financial markets disruptions could materially and adversely affect our business and results of operations. Disruptions in global inflation, interest rate rising, financial markets and trade tensions may occur that causes diminished liquidity and limited availability of credit, reduced consumer confidence, reduced economic growth, increased unemployment rates and uncertainty about economic stability. Limited availability of credit in financial markets may lead consumers and businesses to postpone spending. This in turn may cause our customers to cancel, decrease or delay their existing and future orders with us. Particularly, the economics uncertainty caused by trade tensions and inflation, which led the weakness of macro-economic environment, will impact the end product market demand. The softness in broader market demand including smart phones, TVs, PC/servers and other consumer products, directly affects the inventory elimination of our customers. The decrease in segment revenue was principally due to the weakness of macro-economic environment, softness in market demand and customer adjustment of inventory levels, all of which led to the decreased utilization rate of our production lines since the second half of 2022 till the first half of 2023. Financial difficulties experienced by our customers or suppliers as a result of these conditions could lead to production delays and delays or defaults in payment of accounts receivable. We are not able to predict the occurrence, frequency, duration or extent of disruptions in global inflation and financial markets, or when the trade tensions could be settled down. These conditions increase the difficulty of accurately forecasting and planning our business activities. If these conditions and uncertainties occur or continue, or if credit and financial markets and confidence in economic conditions deteriorate, our busin

View Full Filing

View this 20-F filing on SEC EDGAR