Message from the Chairman
The industry environment in 2024 was characterized by a slower recovery in end demand due to a weaker-than-expected recovery in the economy, and with the geopolitical influences, the supply chain continues to adjust excess inventories. ChipMOS revised its capital expenditure downwards in a prudent manner, and coped with changes in the environment by positioning itself and equipping itself with core competencies, paying attention to market trends and develop relevant technologies. ChipMOS recognizes that operational and sustainability strategies are the key to long-term business success. In terms of operation strategy, we continue to work on high-end display ICs and automotive-related fields, and in response to the development of forward-looking technologies such as AI and Internet of Everything, we actively invest in the development of related technologies by leveraging our competitive advantages in order to expand our business growth momentum. At the same time, through intelligent assistance, we can effectively improve production efficiency and quality. In terms of sustainability strategy, the Company actively integrates environmental, social and corporate governance policies and objectives into its business operations, and strives to enhance the resilience and sustainability of all ESG aspects while complying with regulatory obligations.
Resilience of Corporate Governance
ChipMOS firmly believes that good corporate governance is the cornerstone of sustainable business operation. The Company implements transparent decision-making process, effective risk management, engages in business activities based on the principle of honesty and integrity, and continuously maintains the Board of Directors diversification, which enables to provide more comprehensive advices and decisions with different professional backgrounds, thereby enhancing the Company’s resilience. In 2024, the Board of Directors performance and sustainability evaluation was excellent which conducted by an external professional team, and the evaluation also recognized the effective functioning of the Board and its various committees in fulfilling their respective roles and responsibilities. This also strengthens the Company's determination to continue to improve the governance structure,and to ensure that ChipMOS continue to grow steadily and create more benefit for all shareholders.
Deployment for Green Operations
Climate issues as a long-term risk. ChipMOS attaches great importance to the climate issues and actively investing in related development with five major pillars: green energy, energy management, water resource management, circular economy, and green production. In 2024, ChipMOS made an important breakthrough in the promotion of recycling economy, and was the first company in the packaging and testing industry to obtain the Recycled Claim Standard(RCS). We work with the downstream supply chain to reproduce the silicon sludge into products that are returned to the factory for use which successfully achieved a win-win situation in terms of both economy and environmental protection.ChipMOS also continues to work with the customers of our testing products about the packaging material recycling and plastic reduction projects, in an effort to increase the value of reusing resources and reduce the impact on the environment. In terms of net-zero emissions strategy, we will progressively achieve net-zero emissions by 2050 through renewable energy construction programs, proactive energy conservation programs, and continuous evaluation of the feasibility of other energy sources.
Bolster capacity for sustainability
ChipMOS values the social responsibility and endeavors to employee care and social engagement. In terms of employees, we actively create a happy and friendly workplace by taking care of the health and safety of our employees, providing training and development programs, promoting work-family balance, and developing competitive bonus and incentives. The Employee Stock Ownership Trust program launched in 2023 aims to help employees accumulate retirement assets and share the operating results with employees. More than 60% of employees have already participated in this program, and I look forward to continuing to give back to our employees with concrete measures. In terms of social engagement, the company continue to invest in environmental friendliness, caring for disadvantaged, giving back to the community, and cultivation of Young Talents, thereby realizing our commitment to social responsibility.
In the future, I will continue to lead all employees to promote ESG, implement sustainable strategies in our operations, and develop and integrate the technologies and innovations in the areas of governance, environment, and society to promote the company's sustainable competitiveness, so that, in the face of the fast-developing ESG trend and the ever-changing industry environment, In the ever-changing industry environment, ChipMOS will be able to stand firm and achieve the goal of sustainable operation with the solid and resilient nature.
Chairman & President 