ChipMOS Technologies Inc (IMOS) 2026 Q2 法說會逐字稿

Greetings, and welcome to the ChipMOS 2026 results semiannual conference call. (Operator Instructions)

各位好，歡迎參加 ChipMOS 2026 年度業績半年度電話會議。(接線員指示)

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.

現在我想將會議交給 ChipMOS Technologies 策略與投資人關係團隊的沈博士（Dr. G.S. Shen），由他介紹出席本次會議的公司管理團隊。

Dr. Shen, you may begin.

沈博士，請開始。

Thank you, operator. Welcome everyone to ChipMOS' 2026 results semiannual conference call.

謝謝接線員。歡迎各位參加 ChipMOS 2026 年度業績半年度電話會議。

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.

今天與會的公司代表包括：董事長兼總裁鄭先生（Mr. S.J. Cheng）；以及財務與會計管理中心副總裁蘇女士（Ms. Silvia Su）。此外，今天也有公司發言人暨策略與投資人關係資深副總裁黃先生（Mr. Jesse Huang）一同參與。

S.J. will chair the meeting and review business highlights from the second-quarter 2026 and provide more 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.

本次會議將由 S.J. 主持，回顧 2026 年第二季的營運重點，並就營運環境提供更多說明。在 Silvia 回顧公司主要財務結果後，S.J. 將提供我們目前的業務展望。隨後，公司所有主管將參與開放式問答（Q&A）環節。

We have posted a presentation on the MOPS and also on the ChipMOS website www.chipmos.com to accompany today's conference call.

我們已在公開資訊觀測站（MOPS）以及 ChipMOS 官網 www.chipmos.com 上發布簡報，以配合今天的電話會議。

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.

在開始預先準備的發言前，提醒各位查閱我們的前瞻性陳述免責聲明；該聲明以「安全港」通知形式載於今日簡報第二頁，亦載於我們發布的業績新聞稿中。

As a reminder, today's conference call is being recorded, and a replay will be made available later today on the company's website.

提醒各位，今天的電話會議將進行錄音，並將於稍後在公司網站提供重播。

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.

現在，我想把電話交給本公司董事長兼總裁鄭先生（Mr. S.J. Cheng）。先生，請開始。

Thank you, G.S. We appreciate everyone joining our call today we delivered a strong start to 2026 with a real earnings inflection. Q2 revenue reached its highest level since 2014, as demand continues to exceed capacity.

謝謝 G.S. 感謝各位今天參與我們的電話會議；我們在 2026 年開局強勁，獲利出現明顯的轉折點。第二季營收達到自 2014 年以來的最高水準，因為需求持續超過產能。

Better pricing, product mix, and utilization are now translating demand strength into meaningful operating leverage. This also reflects our continued execution and sustained momentum across our business.

更佳的定價、產品組合與稼動率，正把強勁需求轉化為顯著的營運槓桿。這也反映我們持續的執行力，以及各項業務的動能延續。

Looking ahead, our customer visibility remains strong. Our investments positioned us with the right capacity and in the right markets.

展望未來，我們對客戶端的能見度仍然強勁。我們的投資使我們在正確的市場具備適當的產能配置。

Importantly, AI-driven demand continues to outpace available supply. We are well-positioned to build on this performance through the balance of the year and focused on building value for shareholders.

更重要的是，AI 驅動的需求持續超越可供應的產能。我們已做好準備，在今年剩餘期間延續這項表現，並專注為股東創造價值。

In terms of highlights, we achieved a record quarterly high revenue since 2014, with Q2 revenue up over 6.5% compared to Q1, and up 28.7% on a year-over-year basis. Q2 gross margin increased 420 basis points quarter over quarter to 18%. This strength was driven by favorable product mix, pricing, and utilization.

就重點而言，我們達成自 2014 年以來單季營收新高；第二季營收較第一季成長超過 6.5%，年增 28.7%。第二季毛利率較上季提升 420 個基點至 18%。此一強勁表現主要來自有利的產品組合、定價與稼動率提升。

Q2 net earnings were TWD1.28( sic - see press release, "net earnings per basic common share is TWD1.28"), which is a new record since Q3 2022, and accumulated net earnings for first half of 2026 were TWD2.0. 2Q '26 net earnings of USD0.80 per basic ADS compared to 2Q25 net loss of USD0.47 per basic ADS.

第二季每股淨利為新台幣 1.28（原文如此 - 請參閱新聞稿，「每股基本淨利為新台幣 1.28」），為自 2022 年第三季以來新高；2026 年上半年累計每股淨利為新台幣 2.0。2026 年第二季每股基本 ADS 淨利為 0.80 美元，相較 2025 年第二季每股基本 ADS 淨損 0.47 美元。

In terms of the details, our overall utilization rate was 72% in Q2. The assembly UT was up to 78%, and the average test utilization was 74% in Q2.

就細項而言，我們第二季整體稼動率為 72%。封裝稼動率提升至 78%，而第二季平均測試稼動率為 74%。

Regarding DDIC was 69% and bumping was 65%. Regarding our manufacturing business, assembly represented just over 31.8% of Q2 revenue. Mixed signal and memory testing represented about 25.4%, and wafer bumping represented about 23.7% of Q2 revenue.

DDIC 稼動率為 69%，凸塊（bumping）為 65%。就製造業務而言，封裝占第二季營收比重略高於 31.8%。混合訊號與記憶體測試約占 25.4%，晶圓凸塊約占第二季營收 23.7%。

On a product basis, DDIC represented just 18.1% of total revenue in Q2, with gold bumping representing about 21% of Q2 revenue. Revenue from DRAM and SRAM together represented over 21.5% of Q2 revenue.

以產品別來看，DDIC 在第二季占總營收比重僅 18.1%，金凸塊（gold bumping）約占第二季營收 21%。DRAM 與 SRAM 合計營收占第二季營收超過 21.5%。

Our mixed signal products represented just under 9.8% of Q2 revenue. As additional color, our memory products represented 51% of Q2 revenue.

混合訊號產品占第二季營收比重略低於 9.8%。補充說明，我們的記憶體產品占第二季營收 51%。

Memory product revenue increased approximately 6.7% compared to Q1 and increased more than 46% on a year-over-year basis. DRAM represented about 20.7% of Q2 revenue and increased about 1.3% compared to Q1. This was up more than 70% on a year-over-year basis.

記憶體產品營收較第一季約成長 6.7%，年增超過 46%。DRAM 約占第二季營收 20.7%，較第一季增加約 1.3%。年增超過 70%。

Niche DRAM increased 21.8% compared to Q1. Flash revenue represented about 29.5% of Q2 revenue, which was up about 9.9% compared to Q1. Flash revenue was up more than 32% on a year-over-year basis.

利基型 DRAM 較第一季成長 21.8%。快閃記憶體（Flash）營收約占第二季營收 29.5%，較第一季增加約 9.9%。Flash 營收年增超過 32%。

NAND flash represented about 34.6% of our Q2 flash revenue. This is up 6.3% compared to Q1 and up 15.9% on a year-over-year basis. NOR Flash increased 15.8% compared to Q1 and increased over 43% on a year-over-year basis.

NAND Flash 約占我們第二季 Flash 營收的 34.6%。較第一季成長 6.3%，年增 15.9%。NOR Flash 較第一季成長 15.8%，年增超過 43%。

To reflect the material cost increase in Q2, we selectively raised the memory OSAT price. Our conversations with customers have been positive. We are a long-term partner and build long-term strategic relationships. We are not interested in trying to take advantage of customers when they need our support even more.

為反映第二季材料成本上升，我們選擇性調升記憶體 OSAT 價格。我們與客戶的溝通結果相當正面。我們是長期合作夥伴，並致力建立長期策略關係。我們不希望在客戶更需要我們支持的時候，反而試圖趁機占客戶便宜。

Moving on to driver IC and gold bump revenue, we benefited from some rush orders and a favorable product mix for auto panel and OLED, which offset some industry-wide pockets of soft end market demand. This segment represented about 39.2% of Q2 revenue, which was up about 7.1% compared to Q1 and up about 14.1% on a year-over-year basis.

接著談驅動 IC 與金凸塊營收：我們受惠於部分急單，以及車用面板與 OLED 的有利產品組合，抵銷了產業中部分終端市場需求偏弱的情況。此分部約占第二季營收 39.2%，較第一季成長約 7.1%，年增約 14.1%。

Gold bump revenue was up about 4.9% compared to Q1 and was up over 29% on a year-over-year basis. Our DDIC revenue was up 9.7% compared to Q1. Demand related to auto panels contributed more than 39% of our Q2 DDIC revenue, which increased over 8.2% compared to Q1 and was up about 23% on a year-over-year basis.

金凸塊營收較第一季成長約 4.9%，年增超過 29%。我們的 DDIC 營收較第一季成長 9.7%。車用面板相關需求貢獻超過我們第二季 DDIC 營收的 39%，較第一季增加超過 8.2%，年增約 23%。

For OLED, we saw positive growth led by customers inventory replenishments. OLED represented just under 21.9% of our Q2 DDIC revenue and it was up 12.7% compared to Q1. For operation cost relief of DDIC product, the OSAT price hike in Q2.

在 OLED 方面，我們看到由客戶補庫存帶動的正向成長。OLED 占我們第二季 DDIC 營收比重略低於 21.9%，較第一季成長 12.7%。為緩解 DDIC 產品的營運成本壓力，第二季調升 OSAT 價格。

On an end-market basis, total revenue from automotive and industrial represented just under 28.9% of Q2 revenue. This was about 14.1% higher than Q1, was up over 45% on a year-over-year basis.

以終端市場別來看，汽車與工業合計營收占第二季營收比重略低於 28.9%。較第一季高約 14.1%，年增超過 45%。

Smartphone revenue represented about 29.9% of Q2 revenue, and was up about 2.8% compared to Q1. TV panel demand represented just over 12.6% of Q2 revenue, which was up 7.6% compared to Q1. Consumer represented just over 22.2% of Q2 revenue, which was up about 12.2% compared to Q1. Computing represented 6.4% of Q2 revenue, which represents a decrease of 23.7% compared to Q1.

智慧型手機營收約占第二季營收的29.9%，較第一季約成長2.8%。電視面板需求占第二季營收略高於12.6%，較第一季成長7.6%。消費性產品占第二季營收略高於22.2%，較第一季約成長12.2%。運算相關占第二季營收的6.4%，較第一季減少23.7%。

Now, let me turn the call to Ms. Silvia Su, to review the second-quarter 2026 financial results.

現在，我把電話會議交給蘇思薇女士，請她回顧2026年第二季財務結果。

Silvia, please go ahead.

Silvia，請開始。

Thank you, S.J. All dollar amounts cited in our presentation are in NT dollars.

謝謝您，S.J. 我們簡報中提及的所有金額皆以新台幣計。

The following numbers are based on the exchange rates of TWD31.85 against USD1 as of June 30, 2026. All the figures were prepared in accordance with Taiwan International Financial Reporting Standards.

以下數字係以截至2026年6月30日匯率新台幣31.85兌1美元為基礎。所有數據皆依據臺灣國際財務報導準則編製。

Referencing presentation page 12, Consolidated Operating Results Summary.

請參考簡報第12頁：合併營運結果摘要。

For the second quarter of 2026, total revenue was TWD7383 million. Net profit attributable to the company was TWD892 million in Q2.

2026年第二季，總營收為新台幣7,383百萬元。第二季歸屬於本公司之淨利為新台幣892百萬元。

Net earnings for the second quarter of 2026 were TWD1.28 per basic common share or USD0.80 per basic ADS. Return on Equity in Q2 was 14.4%.

2026年第二季每股基本盈餘為新台幣1.28元，或每股基本ADS為0.80美元。第二季股東權益報酬率為14.4%。

Referencing presentation page 13, Consolidated Statements of Comprehensive Income.

請參考簡報第13頁：合併綜合損益表。

Compared to Q1 2026, total Q2 2026 revenue increased 6.5% compared to Q1 2026. Q2 2026 gross profit was TWD1,326 million, with gross margin at 18.0% compared to 13.8% in Q1 2026. This represents an increase of 4.2 ppts.

與2026年第一季相比，2026年第二季總營收較第一季增加6.5%。2026年第二季毛利為新台幣1,326百萬元，毛利率為18.0%，相較2026年第一季的13.8%。毛利率提升4.2個百分點。

Our operating expenses in Q2 2026 were TWD487 million, or 6.6% of total revenue, which increased 7.7% compared to Q1 2026.

2026年第二季營業費用為新台幣487百萬元，占總營收6.6%，較2026年第一季增加7.7%。

Operating profit for Q2 2026 was TWD948 million, with operating profit margin at 12.8%, which is about a 5.3 ppts increased compared to Q1 2026.

2026年第二季營業利益為新台幣948百萬元，營業利益率為12.8%，較2026年第一季約增加5.3個百分點。

Net non-operating income in Q2 2026 was TWD79 million, which increased 0.5% compared to Q1 2026. Profit attributable to the company in Q2 2026 increased 76.6% compared to Q1 2026. The difference is mainly due to an increase of operating profit of TWD428 million and partially offset by the increase of income tax expense of TWD42 million.

2026年第二季淨營業外收入為新台幣79百萬元，較2026年第一季增加0.5%。2026年第二季歸屬於本公司之獲利較2026年第一季增加76.6%。差異主要來自營業利益增加新台幣428百萬元，部分被所得稅費用增加新台幣42百萬元所抵銷。

Basic weighted average outstanding shares were 700 million shares.

基本加權平均流通在外股數為7億股。

Compared to Q2 2025, total revenue for Q2 2026 increased 28.7% compared to Q2 2025. Gross margin at 18.0% increased 11.4 ppts compared to Q2 2025.

與2025年第二季相比，2026年第二季總營收較2025年第二季增加28.7%。毛利率18.0%較2025年第二季提升11.4個百分點。

Operating expenses increased 14.7% compared to Q2 2025. Operating profit margin at 12.8% increased 12.4 ppts compared to Q2 2025.

營業費用較2025年第二季增加14.7%。營業利益率12.8%較2025年第二季提升12.4個百分點。

Net non-operating income in Q2 2026 was TWD79 million compared to net non-operating expense in Q2 2025 was TWD682 million. The difference is mainly due to the decrease of foreign exchange loss of TWD685 million, and the positive impact on valuation of financial assets at fair value through profit or loss of TWD80 million from the loss on valuation of financial assets at fair value through profit or loss of TWD2 million in Q2 2025 to gain on valuation of financial assets at fair value through profit or loss of TWD78 million in Q2 2026.

2026年第二季淨營業外收入為新台幣79百萬元；相較之下，2025年第二季淨營業外費用為新台幣682百萬元。差異主要來自外匯損失減少新台幣685百萬元，以及透過損益按公允價值衡量之金融資產評價的正面影響新台幣80百萬元；該項目由2025年第二季評價損失新台幣2百萬元，轉為2026年第二季評價利益新台幣78百萬元。

Profit attributable to the company in Q2 2026 was TWD892 million compared to loss attributable to the company in Q2 2025 was TWD533 million. The difference is mainly due to an increase of operating profit of TWD927 million. Net non-operating income of TWD761 million, which was partially offset by the income tax change of TWD263 million from the income tax benefit of TWD128 million in Q2 2025 to income tax expense of TWD135 million in Q2 2026.

2026年第二季歸屬於本公司之獲利為新台幣892百萬元；相較之下，2025年第二季歸屬於本公司之虧損為新台幣533百萬元。差異主要來自營業利益增加新台幣927百萬元。另有淨營業外收入新台幣761百萬元，但部分被所得稅變動新台幣263百萬元所抵銷；所得稅由2025年第二季的所得稅利益新台幣128百萬元，轉為2026年第二季的所得稅費用新台幣135百萬元。

Referencing presentation page 14, Consolidated Statements of Financial Position and Key Indices.

請參考簡報第14頁：合併資產負債表與關鍵指標。

Total assets at the end of Q2 2026 were TWD46,964 million. Total liabilities at the end of Q2 2026 were TWD22,114 million. Total equity at the end of Q2 2026 was TWD24,850 million.

截至2026年第二季底，總資產為新台幣46,964百萬元。截至2026年第二季底，總負債為新台幣22,114百萬元。截至2026年第二季底，股東權益總額為新台幣24,850百萬元。

Accounts receivable turnover days in Q2 2026 were 85 days. Inventory turnover days was 70 days in Q2 2026.

2026年第二季應收帳款週轉天數為85天。2026年第二季存貨週轉天數為70天。

Referencing presentation page 15, Consolidated Statements of Cash Flows.

請參考簡報第15頁：合併現金流量表。

As of June 30, 2026, our balance of cash and cash equivalents was TWD12,552 million, which represents a decrease of TWD2,307 million compared to the beginning of the year.

截至2026年6月30日，我們的現金及約當現金餘額為新台幣12,552百萬元，較年初減少新台幣2,307百萬元。

Net free cash inflow for the first half of 2026 was TWD736 million compared to TWD1,667 million for the same period in 2025. The difference is mainly due to the TWD1,757 million increase of CapEx, and the change in income tax from a benefit of TWD106 million in the first half of 2025 to an expense of TWD229 million in the first half of 2026.

2026年上半年自由現金流入淨額為新台幣736百萬元，較2025年同期的新台幣1,667百萬元減少。差異主要來自資本支出增加新台幣1,757百萬元，以及所得稅由2025年上半年的所得稅利益新台幣106百萬元，轉為2026年上半年的所得稅費用新台幣229百萬元。

This also reflects the TWD125 million decrease of depreciation expenses, which was partially offset by the increase of operating profit of TWD1,331 million.

此亦反映折舊費用減少新台幣125百萬元，但部分被營業利益增加新台幣1,331百萬元所抵銷。

Free cash flow was calculated by adding depreciation, amortization, interest income together with operating profit and then subtracting CapEx, interest expense, income tax expense, and dividend from the sum.

自由現金流的計算方式為：將折舊、攤銷、利息收入與營業利益加總後，再自該合計數中扣除資本支出、利息費用、所得稅費用及股利。

Referencing presentation page 16, Capital Expenditures and Depreciation.

請參考簡報第16頁：資本支出與折舊。

We invested TWD2,380 million in CapEx in Q2. The breakdown of CapEx in Q2 was 12.1% for bumping, 14.3% for LCD driver, 30.5% for assembly, and 43.1% for testing.

我們在第二季投入資本支出新台幣2,380百萬元。第二季資本支出結構為：凸塊（bumping）12.1%、LCD驅動IC 14.3%、組裝30.5%、測試43.1%。

Depreciation expenses were TWD1,218 million in Q2.

第二季折舊費用為新台幣1,218百萬元。

As of July 31, 2026, the company's outstanding ADS number was approximately 3.7 million units, which represents around 10.4% of the company's issued common shares.

截至2026年7月31日，公司流通在外的ADS數量約為370萬單位，約占公司已發行普通股的10.4%。

That concludes the financial review. I will now turn the call back to our Chairman Mr. S.J. Cheng for our outlook. Please go ahead, sir.

以上為財務回顧。接下來我將把電話會議交回給董事長鄭S.J.先生，進行展望說明。董事長，請開始。

Thank you, Silvia. Looking ahead, the industry remains in a period of record growth. Our performance in the second half of 2026 is expected to remain strong, led by increased customer visibility, stable pricing, and a favorable mix, with DRAM leading and DDIC rush orders.

謝謝你，Silvia。展望未來，產業仍處於創紀錄成長的階段。我們預期 2026 年下半年表現將維持強勁，主要受惠於客戶能見度提升、價格穩定以及有利的產品組合，其中以 DRAM 領軍，並有 DDIC 急單挹注。

Adding to our confidence, solid memory products momentum growth driven by customers restocking is expected to help improve related UT levels of assembly and test.

此外，客戶回補庫存所帶動的記憶體產品動能成長可望延續，並有助於提升相關封裝與測試的 UT 水準。

The momentum for memory is expected to be better than DDIC products. DRAM products will see more significant growth in the third quarter, driven by strong demand for DDR4 and the ramp up of DDR5 products.

記憶體的動能預期將優於 DDIC 產品。DRAM 產品在第三季將出現更顯著的成長，主要由 DDR4 的強勁需求以及 DDR5 產品的放量所帶動。

While flash products are affected by some customers' inventory adjustments, their momentum remains steady for the seasonal stocking, though slightly trailing DRAM.

雖然快閃記憶體產品受到部分客戶庫存調整影響，但在季節性備貨帶動下，其動能仍維持穩健，僅略落後於 DRAM。

In our DDIC product business, the momentum is expected to further improve in the second half, thanks to seasonal demand for OLED products, automotive panels, and rush orders.

在我們的 DDIC 產品業務方面，受惠於 OLED 產品、車用面板的季節性需求以及急單挹注，下半年動能預期將進一步改善。

In logic and mixed signal products, we plan to extend our product portfolio from TV SoC chips into mobile and AI ASIC-related fields to increase our future business growth momentum.

在邏輯與混合訊號產品方面，我們計畫將產品組合從 TV SoC 晶片延伸至手機與 AI ASIC 相關領域，以提升未來業務成長動能。

Several mobile-related projects are ongoing, with new high-end testing equipment arriving at the end of this year for production. We will expand capacity based on further customer demand and aim to broaden our scope to AI ASIC products to enhance our long-term growth and profitability for the mixed signal line.

目前已有多個手機相關專案進行中，新的高階測試設備將於今年底到位以投入量產。我們將依據客戶進一步需求擴充產能，並以拓展至 AI ASIC 產品為目標，以強化混合訊號產線的長期成長與獲利能力。

To expand our business scope and enhance our growth momentum, we are also integrating and leveraging our wafer bumping, including copper pillar and gold bumping, capacity with assembly technologies. This gives us a strong position as we focus on opportunities in the silicon photonics supply chain as a new long-term business growth driver.

為擴大業務範疇並提升成長動能，我們也正整合並運用晶圓凸塊（wafer bumping）產能（包含銅柱與金凸塊）與封裝技術。這使我們在聚焦矽光子供應鏈機會時具備有利位置，並將其作為新的長期業務成長驅動力。

The Board approved our increased 2026 CapEx plan today. This includes additional capacity expansion for memory assembly and testing bottleneck stations, continued investments in automation and AI across our operations. This also includes strategic investment to expand testing capacity for developing promising longer-term opportunities in silicon photonics and AI-related ASICs. As always, we are prudent with our CapEx and prioritize investing in high return customer growth opportunities.

董事會今日核准我們提高 2026 年資本支出（CapEx）計畫。其中包含針對記憶體封裝與測試瓶頸站點的額外產能擴充，以及持續在營運各環節投入自動化與 AI。亦包含策略性投資，以擴充測試產能，布局矽光子與 AI 相關 ASIC 等具潛力的長期機會。一如既往，我們對資本支出保持審慎，並優先投資於高報酬的客戶成長機會。

Regarding the related capital for the expanded investment, we are monetizing the low-end and lower UT level DDIC assets and applying for the government's Invest Taiwan project for the investment budget subsidy to reduce the cost of capital and support upcoming new product projects.

就擴大投資所需的相關資金而言，我們正將低階且 UT 水準較低的 DDIC 資產進行變現，並申請政府的投資台灣專案投資預算補助，以降低資金成本並支援即將到來的新產品專案。

To meet memory customers' capacity needs starting in 2027 and mixed signal customers' strategic capacity investment and expansion for new product projects, we also recently acquired a new facility in the Tainan Science Park area. We are not only building up memory testing capacity to establish turnkey assembly and testing capabilities in our recently acquired new facility at Tainan site, but also consolidating the clean room space and optimizing logistics efficiency to meet future business growth demand for the next three to five years.

為滿足 2027 年起記憶體客戶的產能需求，以及混合訊號客戶針對新產品專案的策略性產能投資與擴充，我們近期也在台南科學園區取得一座新廠房。我們不僅將在台南新取得的廠區建置記憶體測試產能，以建立一站式（turnkey）的封裝與測試能力，同時也將整合無塵室空間並優化物流效率，以因應未來三到五年的業務成長需求。

Furthermore, we continue to optimize our product mix, control operating costs, and improve product quality to enhance profitability and maintain our competitive advantage and growth momentum.

此外，我們持續優化產品組合、控管營運成本並提升產品品質，以強化獲利能力，並維持我們的競爭優勢與成長動能。

Operator, that concludes our formal remarks, we can now take questions.

接線員，我們的正式說明到此結束，現在可以開始提問。

(Operator Instructions) Jerry Su, UBS.

(接線員指示) UBS 的 Jerry Su。

Thank you for taking my questions. Chairman and President, congratulations on the strong profit performance this quarter, I would first like to ask about the CapEx. You mentioned that the Board of Directors approved an upward adjustment today. How should we estimate the magnitude of this adjustment or the total annual amount?

謝謝讓我提問。董事長與總經理，恭喜本季獲利表現強勁。我想先請教資本支出。您提到董事會今天核准上調。我們應該如何估算這次調整的幅度或全年總額？

Also, you mentioned introducing logic testing for mobile phones or AI ASIC, what percentage of this year's CapEx will be invested in this segment? Additionally, do you have any preliminary thoughts regarding next year's CapEx?

另外，您提到導入手機或 AI ASIC 的邏輯測試，今年資本支出中有多少比例會投入在這一塊？此外，對於明年的資本支出，您是否有任何初步想法？

Regarding this year's CapEx, as I mentioned, the Board adjusted it upward today. While we usually aim to control CapEx relative to annual revenue at about 20%, it will be higher this year, likely exceeding 25% of our revenue. As for the proportion for logic and mixed signal products, it will account for approximately 7% to 10% of our total CapEx for the full year 2026.

關於今年的資本支出，如我所提，董事會今天已上調。雖然我們通常希望將資本支出相對於年營收控制在約 20%，但今年會更高，可能會超過營收的 25%。至於邏輯與混合訊號產品的占比，2026 全年約占我們總資本支出的 7% 到 10%。

I see. Do you have any preliminary thoughts on next year's CapEx?

了解。那對於明年的資本支出，您有任何初步想法嗎？

Next year's CapEx should also remain relatively high because we are investing to support growth.

明年的資本支出也應會維持相對較高，因為我們正在投資以支援成長。

Therefore, it will likely exceed 25% of revenue again. While we hope to control it below 20% in the long term, for both this year and next, it will likely be above 25%.

因此，可能也會再次超過營收的 25%。雖然長期而言我們希望控制在 20% 以下，但今年與明年大概率都會高於 25%。

You mentioned that logic and mixed signal account for about 7% to 10% of CapEx this year. I wonder if that proportion will increase next year as 7% to 10% feels like it only covers a few testing machines. If you are entering this market, the proportion for logic should see a more significant increase next year.

您提到今年邏輯與混合訊號約占資本支出 7% 到 10%。我想了解明年這個比例是否會提高，因為 7% 到 10% 感覺只夠買幾台測試機。如果要切入這個市場，明年邏輯相關的占比應該會更明顯增加。

The proportion for next year should indeed be higher than this year's, though we still need to organize the specific waiting for the memory segment. Overall, however, the proportion will be higher.

明年的占比確實應該會高於今年，不過我們仍需要就記憶體區塊的部分進一步整理與安排。但整體而言，占比會更高。

One more question for the Chairman. You mentioned price adjustments for memory and driver IC packaging/testing in the second quarter. Is there room for further upward adjustments for these two product lines in the second half of the year?

我還有一個問題想請教董事長。您提到第二季記憶體與驅動 IC 封裝/測試有做價格調整。下半年這兩條產品線是否還有進一步上調的空間？

As everyone knows, material costs including substrates, lead frames, and gold are rising, especially for gold. We will pass these price increases on to our customers.

如各位所知，包含基板、導線架與黃金在內的材料成本正在上升，尤其是黃金。我們會將這些漲價轉嫁給客戶。

Secondly, for high-end probe cards in the Driver IC segment, the price increases have been quite substantial. We have reached agreements with customers to pass these costs through to maintain our competitive advantage.

第二，在驅動 IC 這一塊，高階探針卡的漲幅相當可觀。我們已與客戶達成協議，將這些成本轉嫁，以維持我們的競爭優勢。

Thank you. And I am not showing any further questions in the queue. I would like to turn the call back over to G.S. Shen.

謝謝。目前我這邊看不到隊列中還有其他問題。我想把電話交回給 G.S. Shen。

That concludes our question-and-answer session. Thank you for participating.

我們的問答環節到此結束。感謝各位參與。

I'll turn the floor back to Mr. S.J. Cheng for any closing comments.

我把時間交回給 S.J. Cheng 先生，請他做最後結語。

Thank you, everyone, for joining our conference call. Please email our IR team if you have any more questions. We appreciate your support. Goodbye.

謝謝各位參加我們的法說會。若您還有任何問題，請電郵給我們的投資人關係（IR）團隊。感謝各位的支持。再見。

Ladies and gentlemen, this concludes today's conference call. Thank you for participating. You may now disconnect.

各位女士、先生，今天的電話會議到此結束。感謝各位參與。您現在可以掛線。

Statements in English on this transcript were spoken by an interpreter present on the live call. The interpreter was provided by the company sponsoring this event.

本逐字稿中的英文內容由現場電話會議中的口譯員口譯。該口譯員由主辦本活動的公司提供。