Message from the Chairman
The impact of the inflation continued in 2023 and the semiconductor industry underwent inventory adjustments due to weak demand for end products after the pandemic, resulting in an economic recovery not as strong as expected. Enterprises faced many problems such as excessive inventory and rising costs. In the face of these challenges on the market, our revenue gradually rebounded in the second half of the year thanks to the prudent and steady operation strategies of ChipMOS and the endeavor of the management team and all of our employees. Regarding the overall deployment of the Company, we actively grasp the innovation trends of the industry and continue investing our core technologies in high-end display ICs and related automotive fields to meet customer needs, maintain stable business growth, and continue extending automation and intelligence to enhance competitiveness in all aspects.
Nowadays, customers, investors and other stakeholders have increasingly stringent requirements on companies' ESG management and strategies. In view of this, ChipMOS has incorporated ESG into the operations and, at the same time, defined the sustainability management strategies, sustainability goals, and execution mechanisms for the issues that stakeholder are concerned about in accordance with ChipMOS’s strategic blueprint of sustainable development. The Company will continue to implement and improve ESG in the operations to lead the Company to achieve the goals of sustainable management.
Resilience of Corporate Governance
Good Corporate Governance can help improve business operation, management and economic performance. Therefore, the Nomination Committee was established in November 2023 to improve the functions and management mechanism of the Board of Directors and strengthen its competence to assist the Company in making the best decisions. The Audit Committee supervises Risk management to ensure the effectiveness of the Risk management mechanism. At the same time, the Company is continuously dedicated to the diversification of the members and the linkage to the ESG performance. Looking forward to the future, ChipMOS will uphold the principles of ethical management and continue to improve the governance measures and optimize management in order to improve the overall Operational performance of the Company, ensure the rights and interests of the stakeholders, and create more benefit for shareholders.
Deployment for Green Operations
The impact of climate change is huge, not only on the environment but also on the well-being of the people. We take climate issues seriously and continue to respond to these issues with positive and specific actions by formulating and implementing environment-related goals in accordance with our netzero emission strategies. Regarding the green energy, we increased the proportion of renewable energy in 2023 by building our own solar power facilities and purchasing renewable energy certificates. As for energy management, we developed reduction plans to address the root cause of energy conservation and carbon reduction, and implemented water resource management in a systematic manner according to international standards to reduce the risk of water scarcity. From 2024, we will work with customers to launch green production-related projects, promote circular economy issues within plants, create resource value, and strengthen employee education on energy saving to drive suppliers toward low carbon sustainability.
Bolster capacity for sustainability
Employees are a critical foundation for the operations of a company and the key for its sustainable development. ChipMOS values and respects every employee and is dedicated to realizing diversity and equality, creating an inclusive, healthy, safe and friendly environment where employees can feel safe, secure and happy. The Company has a complete Talent development system that provides employees with a wide range of cross-field, diversified learning resources, in-depth leadership training, and continuous professional ability development to achieve Talent development goals. In 2023, the employee stock ownership trust plan was launched for all regular employees to participate in, hoping that this plan cam help employees accumulate retirement assets and share operating results. In addition to continuing leading all employees to grow together, ChipMOS demonstrates the respect for the employees and fulfills the commitments to them through concrete actions.
Fulfilling social responsibilities is one of the key plans of our sustainable development strategies. As for management of social engagement, we have launched a long-term approach of environmental sustainability and social welfare to lead employees for sustainable cultivation and exert greater social influence. As the ESG wave continues to spread, I will lead the Company and all employees to strengthen corporate resilience and make a comprehensive ESG deployment jointly and continuously, so that we can quickly connect with future trends to create values and a future with unlimited possibilities.
Chairman & President 