SAS’ semiconductor subsidiary, GlobalWafers (GWC, 6488: TT), also released its March results today that the consolidated revenue reached NT$5.45 billion with 23.8 % MoM and 0.1% YoY. GWC Q126 consolidated revenue totaled NT$13.98 billion, with -3.6 % QoQ and -10.3 % YoY.

GlobalWafers’ revenue for the first quarter of 2026 declined compared to the previous period, primarily due to fewer working days during the Lunar New Year holiday, as well as temporary disruptions caused by extreme cold weather and snowstorms in parts of Europe, the United States, and Northeast Asia, which constrained operations at certain overseas facilities. These impacts were seasonal and temporary. As weather conditions improved, all sites have resumed normal operations, with utilization and shipment momentum gradually stabilizing. As short-term disruptions subside, underlying operating fundamentals have gradually recovered. In addition to ongoing pilot production and customer qualifications for newly added capacity, existing 12-inch wafer lines remain fully loaded. Utilization for small- and medium-sized wafers has also improved compared to the previous quarter, indicating initial signs of demand recovery. However, the extent to which this improvement will translate into a broader and sustained market recovery remains to be seen observation. Meanwhile, the first tranche of government subsidies for the GlobalWafers’ Italian subsidiary was received in the first quarter, and will help strengthen the overall financial structure. Overall, after reaching a relatively low point in the first quarter, operating momentum shows a gradual but uneven upward trend. Nevertheless, future performance remains subject to uncertainties, including macroeconomic environment, geopolitical risks, and industry conditions. GlobalWafers will continue to adopt a proactive and prudent approach in responding to market conditions.

SAS reported a slight YoY increase in consolidated revenue for Q126. Driven by its dual-track strategy across manufacturing and services, the renewable energy business delivered outstanding performance, with its revenue in Q126 increasing 75.5% YoY, demonstrating strong growth momentum. On the solar technology front, SAS continues to expand into high-barrier niche applications, including space-related applications such as low Earth orbit (LEO) satellites, where demand for highly reliable solar products is expected to remain strong. These developments also present opportunities for the Company to further expand into higher value-added markets. In green energy services, SAS’s subsidiary Susen Green Energy (SGE) has established a one-stop green energy solutions platform integrating diversified energy and management services to support corporate decarbonization and energy transition. As of the end of the first quarter, SGE’s power trading subsidiaries, SES and Anneal, have secured cumulative green power contracts of nearly 22 billion kWh. This segment is expected to become a key growth driver for the Group’s renewable energy business. Among affiliated companies, Taiwan Specialty Chemicals Corporation (TSC, 4772:TT) reported first-quarter consolidated revenue of NT$0.86 billion, representing a YoY increase of 290%, driven by rising demand for disilane supported by AI applications. Its anhydrous hydrogen fluoride (AHF) products have also entered major customer supply chains and are gradually ramping up, and are expected to contribute to overall performance this year. Advanced Wireless Semiconductor Company (AWSC, 8086:TT) recorded first-quarter revenue of NT$1.22 billion, up 58.4% YoY. Building on its stable power amplifier (PA) business, AWSC continues to diversify its product and application portfolio, expanding into non-RF applications such as drones, LEO satellites, and high-altitude platform systems (HAPS), enhancing operational flexibility. Actron Technology Corporation (Actron, 8255:TT) reported first-quarter revenue of NT$2.04 billion, representing a YoY decrease of 3.7%. In addition to strengthening its automotive business, Actron is expanding into AI server power, energy systems, and electric vehicle power devices, leveraging SiC and GaN technologies to enter the high-efficiency power market. With steady progress across its business segments, the SAS Group will continue to leverage renewable energy, automotive components, and semiconductors as its three key growth engines, integrating Group resources and diversified operations to enhance competitiveness and long-term value.

In harmony with the values of respect and care on the “International Day for the Elimination of Violence against Women,” GlobalWafers’ Italian subsidiary, MEMC Electronic Materials S.p.A., has launched the “Books in Circulation” project, reimagining a manufacturing space into a warm reading corner—the “Red Library.”

In Italian culture, red symbolizes respect and the protection of women’s rights. Starting with reading, the Red Library curates books on gender equality, respect, freedom, and living without fear, creating a warm space that fosters diversity, inclusion, and mutual understanding, allowing our colleagues to feel the GlobalWafers’ deep commitment to respecting women and fostering a supportive workplace through their daily routine.

This initiative reflects GlobalWafers’ commitment to both environmental and social responsibility:

• Resource Conservation: Every shared book represents a commitment to forest preservation, ensuring that both resources and knowledge are saved from waste.
• Circular Thinking: Keeping books in circulation within the plant brings the concept of a “circular economy” into our daily routine.
• Workplace Connection: Reading becomes a medium to encourage interaction and meaningful bonds among colleagues.

Sustainable corporate transformation doesn’t always come from grand gestures; it is built steadily through these small, warm, daily actions.

Through the “Books in Circulation” project, GlobalWafers integrates knowledge sharing, local culture, and team interaction into the workplace, making sustainability a part of every employee’s daily life.

For more details, please refer to Taiwan Ratings’ website.

Today the Board of Directors also approved the cash dividend payment plan for the second half of 2025. The Board of Directors resolved to distribute a cash dividend of NT$5.7 per share for the second half of 2025, with a total amount of NT$2.7 billion. The ex-dividend record date is July 22, and the cash dividend payment date is August 14. If the cash dividend of NT$2 per share with a total amount of NT$960 million distributed in the first half is included, an annual cash dividend of NT$7.7 per share with the total annual amount of NT$3.7 billion is distributed throughout 2025. Besides, GlobalWafers’ Annual General Shareholders’ Meeting will be convened at 9 a.m. on May 25 at the Hsinchu Science Park Life Hub, Taiwan.

Amid significant exchange-rate volatility in 2025, GlobalWafers, with operations across multiple regions worldwide and a high proportion of foreign-currency transactions, experienced translation pressure on reported revenue and earnings as the appreciation of the New Taiwan dollar impacted financial results. However, on a full-year basis, consolidated revenue in U.S. dollar terms remained flat year over year, indicating stable underlying momentum and resilient operations. As global capacity expansions progressively come into place, the recognition of related depreciation expenses has created short-term, phase-based pressure on profitability. Nevertheless, the Company has passed its peak capital-expenditure cycle, with overall spending now entering a consolidation phase. Operational focus has clearly shifted from fab construction investment toward capacity ramp-up and shipment growth, laying the foundation for earnings flexibility over the medium to long term. Supported by the dual drivers of improving utilization and the gradual receipt of government incentives across regions, expansion outcomes are increasingly translating into tangible revenue contributions. In 2025, brownfield expansion sites in Asia and Denmark delivered strong revenue performance, while new fabs in Italy and the United States, benefiting from localized supply advantages, accelerated customer qualification processes and helped move GlobalWafers’ global operations from an investment phase into a more stable harvesting stage.

Looking ahead to industry momentum, the rapid expansion of AI and high-performance computing-related applications continues to drive demand for advanced nodes and advanced packaging, increasing semiconductor wafer usage and keeping utilization rates of 12-inch silicon wafer capacity at elevated levels, thereby supporting long-term structural demand. In addition, recent market observations indicate that customer inventories in mature-node segments have gradually returned to healthier levels, with both order visibility and demand stability improving. From an order and shipment perspective, although the pace of recovery varies by application and product specifications, the overall trend remains “uneven but upward.” Demand for advanced nodes and related high-end applications remains relatively stable, while mature-node demand has shown a noticeable recovery compared with last year. The benefits of localized supply and advanced-capacity deployment are also becoming more visible, strengthening order-taking flexibility and supply stability. Revenue performance is therefore expected to stabilize progressively alongside improving utilization and stronger order momentum.

In terms of capacity deployment, expansion progress at GlobalWafers’ 12-inch wafer fabs in Texas and Missouri in the United States, as well as in Novara, Italy, is gradually becoming evident. The new Texas fab is accelerating qualification progress and has reserved multiple phases of expansion space to support future market growth. Driven by silicon photonics applications, order visibility for SOI production lines in Missouri has become increasingly clear, and the Company continues to advance process and quality optimization efforts to enhance overall production stability and shipment performance. In compound semiconductors, Gallium Nitride (GaN) capacity remains fully utilized, with the newly added 30% capacity fully covered by orders. For Silicon Carbide (SiC), building on its existing 6-inch and 8-inch product portfolio, GlobalWafers continues to deepen its presence in the power device market while further expanding its technology roadmap toward next-generation applications. These include new directions such as 12-inch SiC with improved thermal conductivity performance and semi-insulating SiC wafers. Relevant products have entered customer validation and sampling stages, focusing on applications requiring high thermal conductivity, including advanced packaging thermal solutions, high-power devices, AI servers, and other high-performance computing markets, with potential future extensions to emerging end devices such as AI glasses.

As global semiconductor customers place increasing emphasis on supply-chain carbon management and localized supply capabilities, while actively advancing decarbonization targets and sustainable procurement, the importance of local supply and green power deployment continues to rise. Leveraging its existing renewable-energy footprint and low-carbon manufacturing foundation, GlobalWafers has incorporated renewable energy into the core planning of its global expansion and fab construction strategy. New facilities and added capacity adopt green power and energy-efficient process measures from the early design stage. At the same time, the Company has strengthened water resource management by continuously improving process water efficiency, promoting wastewater recycling and reuse, and establishing comprehensive water risk identification and management mechanisms. These initiatives have gradually demonstrated results and were further recognized by the Company’s receipt of the highest leadership rating, an “A” score, in CDP Water Security 2025, comprehensively enhancing operational resilience and supply-chain stability.

GlobalWafers’ new plant in Texas (GWA) is primarily responsible for transforming high-purity silicon into wafers used in subsequent chip manufacturing, serving as an essential source of foundational materials for the semiconductor industry. As global supply chains undergo restructuring and localization trends accelerate, the company’s investments and presence in the United States are gradually demonstrating their strategic value. GlobalWafers continues to strengthen its role within the global semiconductor supply chain, providing international customers with stable and resilient support in critical materials. 

For the full article, please refer to The Wall Street Journal:
Inside Apple’s Push to Build an All-American Chip – WSJ 

Watch the full video:
https://www.youtube.com/watch?v=ktFlaBhpMu8 

The initiative focuses on testing an integrated approach that combines real-time fall detection, post-fall posture recognition, and location reporting through modern Garmin wearable devices and a dedicated alerting workflow. When an event is detected, the solution is designed to generate an immediate notification to the site’s designated safety personnel, together with the most accurate available location information, supporting timely on-site response.

Accurate positioning in industrial environments is a key element of the pilot. The collaboration will specifically assess performance in indoor areas, including complex layouts typical of advanced manufacturing facilities, where traditional positioning technologies may be less effective.

GlobalWafers (6488:TT) continues to expand the application landscape of its advanced materials technologies. Leveraging decades of experience in manufacturing ultrapure silicon materials for the semiconductor industry, the company is playing a critical role in the development of quantum technology. Its Danish subsidiary, Topsil GlobalWafers A/S (Topsil), has maintained long-term investment in ultrapure Float Zone (FZ) silicon material technologies, actively supporting the advancement of next-generation quantum applications.

The promises and demands of Quantum

Quantum technology is widely regarded as a disruptive and transformative technology, with the potential to deliver major breakthroughs in high-performance computing, precision sensing, and secure communications. Its impact is expected to extend across a wide range of applications, including medicine, cybersecurity and defense, machine learning, and climate modelling. However, the realization of quantum technology is highly dependent on materials of exceptional purity and precision, as even the smallest impurity can significantly affect device performance. Through continuous innovation and rigorous quality standards, GlobalWafers has built deep expertise in ultrapure silicon material processing and successfully extended this technological advantage into the quantum domain. The ultrapure FZ silicon wafer platform provided by its subsidiary, Topsil, offers high stability and low defect characteristics, delivering an indispensable material foundation for quantum devices.

Becoming an integrated part of the Quantum ecosystem

In terms of industry collaboration, Topsil has actively engaged in the global quantum ecosystem for many years, establishing strong partnerships with leading international technology companies, academic research institutions, and innovative startups. Through these sustained efforts, Topsil has progressively strengthened its position as a trusted partner in the field of quantum materials. Over the past two years, Topsil’s technological achievements have attracted significant attention. Several Danish government ministers have visited the company for in-depth exchanges, and in 2025, the Danish King expressed strong interest in Topsil’s Float Zone silicon material technology during European Quantum Technologies Conference, the largest quantum technology event in Europe. In 2025, Topsil’s Chief Technology Officer was also elected to the board of Danish Quantum Community (DQC), Denmark’s national non-profit organization dedicated to connecting stakeholders and advancing the overall development of the Danish quantum ecosystem.

Study evaluating Topsil’s FZ silicon for quantum published in Nature

As quantum computing and quantum sensing technologies continue to move from research laboratories toward real-world deployment, qubit stability and scalability have emerged as two of the most critical technological challenges. The ultrapure silicon materials provided by GlobalWafers are helping the industry achieve breakthroughs in these areas. In November 2025, a study incorporating intrinsic Float Zone (FZ) silicon material supplied by Topsil was published in Nature, the world’s most authoritative scientific journal. The study demonstrated record-high coherence times when silicon material from GlobalWafers was applied in superconducting qubits.

Chairperson of GlobalWafers, Doris Hsu, stated:“Through deep collaboration with leading research institutions and technology companies, the technological potential of quantum innovation is increasingly being translated into real-world applications and tangible business opportunities, with related market demand continuing to grow year by year. Looking ahead, GlobalWafers will continue to leverage its global manufacturing footprint, advanced materials R&D capabilities, and strong industry partnerships to deepen its commitment to emerging technologies, including power electronics, advanced computing, and quantum technologies, providing critical material support for the development of global industries.”

GlobalWafers operates across multiple overseas locations, and foreign-currency transactions account for a relatively high proportion of the Group’s revenue. Measured in U.S. dollar terms, GlobalWafers’ revenue performance in 2025 remained solid. For FY2025, consolidated revenue denominated in U.S. dollars amounted to US$1.95 billion, remaining almost flat year over year. SAS’s revenue was also affected by the performance of its subsidiary GlobalWafers. When measured in U.S. dollar terms, SAS’s cumulative FY2025 revenue reached US$2.51 billion, reflecting a YoY increase of 1.24%. The changes in consolidated revenue measured in U.S. dollars indicate that the underlying operating performance of both SAS and GlobalWafers remained stable.

Amid easing inflationary pressures and policy adjustments by certain central banks, the global economy has maintained moderate growth. Nevertheless, geopolitical tensions and uncertainties surrounding trade policies continue to pose challenges to the market. The semiconductor industry is experiencing divergent demand dynamics and an uneven recovery pace. Inventory digestion for applications related to mature process technologies has progressed more slowly than expected, while the recovery momentum in end-consumer markets remains limited. Against this backdrop, GlobalWafers has continued to strengthen its operational resilience. Leveraging its global footprint and localized manufacturing capabilities, the Company has flexibly optimized capacity allocation and shipment mix, while accelerating customer qualification and ramp-up for new expansion lines to proactively address customers’ long-term demand for localized supply. As the Company’s global expansion projects gradually deliver tangible results, several key operating sites and product lines have reported strong revenue performance. In particular, the 2025 revenues of subsidiaries in Niigata and Utsunomiya, Japan, as well as the Danish subsidiary, all reached record highs. From a product perspective, niche products such as Gallium Nitride (GaN) demonstrated especially strong performance.

Looking ahead, the accelerated development of technologies including AI, HPC (high-performance computing), silicon photonics, and high-efficiency power management is expected to continue driving demand for high-efficiency power devices and advanced materials. Demand for leading-edge silicon wafers and SOI wafers remain robust, while GaN capacity will continue to operate at full utilization. In the new materials segment, GlobalWafers is steadily advancing its technology and process roadmap, with ongoing investments in the research and development of next-generation materials such as square wafers and 12-inch Silicon Carbide (SiC). Sampling have commenced, and related technologies are being progressively advanced to address growing market interest and demand. GlobalWafers will remain focused on large-diameter wafers for advanced applications, and high value-added specialty wafer segments. By combining localized supply advantages across its global manufacturing network with advanced process capabilities, the Company aims to leverage its diversified portfolio and competitive strengths to drive sustainable long-term growth.

In the solar product manufacturing segment, it is expected that total solar installations in the United States will reach 40~42 GW in 2026. Driven by trade controls as well as anti-dumping and countervailing duty measures, the solar wafer market is undersupplied, further highlighting the advantages of Taiwan-based compliant manufacturing, high product quality, and strong reliability. In addition, with the rapid growth of global 5G communications, data and video transmission, and VR-based immersive applications, demand for low Earth orbit (LEO) satellites is expected to experience a significant surge in 2026. Against this backdrop, solar cell products manufactured by SAS in Taiwan, having passed stringent reliability testing and qualified by U.S.-based customers, are steadily expanding their international market presence and capturing emerging growth opportunities.

In the renewable energy services segment, as the 2050 net-zero emissions policy continues to advance, enterprises are accelerating their net-zero transition and committing to the Science Based Targets initiative (SBTi). The combined momentum from policy initiatives and corporate action has driven sustained growth in demand for renewable energy. In response to industry trends, SAS has continued to deepen its green energy business deployment. Through its comprehensive renewable energy service platform, Susen Green Energy Co., Ltd. (SGE), the Group has progressively established an integrated service framework encompassing green power development, power sales, energy storage, and energy efficiency solutions, addressing enterprises’ practical needs in their net-zero transition. As of the end of December 2025, SGE had cumulatively signed green power purchase agreements exceeding 18 billion kWh. With market demand continuing to expand, SGE’s power trading subsidiaries, Sustainable Energy Solution (SES) and Anneal Energy (Anneal), recorded combined revenue growth of approximately sevenfold in 2025 compared with the previous year. Looking ahead, operating momentum is expected to be released progressively in line with further market expansion. Supported by strong market demand, the Group’s green power services business has demonstrated0 strong growth momentum, further enhancing its market visibility and influence.

Among affiliated companies, Actron Technology Corporation (8255:TT) has strengthened its presence in automotive electronics while expanding into AI server power supply and energy-related applications, driving steady operational growth. Actron’s 2025 revenue amounted to NT$ 8.1 billion, a 6.9% year-over-year increase, reaching a historical high. Advanced Wireless Semiconductor Company (8086:TT) has seen tangible results from its diversified application portfolio across high-speed wireless communication (Datacom) chips, LiDAR, filters, and unmanned aerial vehicle (UAV) applications. Its revenue increased month by month throughout 2025, with full-year revenue reaching NT$ 4.12 billion, marking the second highest level in the Company’s history.

Taiwan Specialty Chemicals Corporation (4772:TT) benefited from rising demand for disilane (Si₂H₆) driven by advanced process technologies, delivering strong operating performance. TSC’s 2025 standalone revenue, excluding the consolidation of Hung Jie Technology, increased by 20% YoY, with Q4 2025 standalone revenue setting a new quarterly record. December standalone revenue reached a historical high, marking 11 consecutive months of YoY revenue growth. TSC’s consolidated revenue, including Hung Jie Technology, in December exceeded NT$300 million for the first time, delivering outstanding results! Following the addition of Hong Jie Technology, TSC further strengthens its one-stop solution capabilities, spanning specialty gases, precision surface processing of equipment components, and ultra-high purity cleaning and refurbishment services. This expanded service scope enhances coverage of advanced process requirements. After consolidating Hung Jie Technology, TSC’s full-year 2025 consolidated revenue reached NT$ 2 billion, up 128% YoY, driving overall operating scale to a new high.

Looking ahead, SAS will continue to position renewable energy and semiconductors as its dual growth engines. Leveraging deep industry expertise and technical capabilities, the Group will pursue disciplined investment deployment, integrate the diversified growth momentum of affiliated companies, and fully realize group synergies. Through the progressive construction of a competitive industrial value chain, SAS aims to steadily advance the Group’s sustainable growth.

In the 2025 assessment, GlobalWafers advanced from an A- in 2024 to an A Leadership rating in “Water Security.” The Company also maintained a B Management rating in “Climate Change,” reflecting its continued efforts to strengthen environmental governance and steadily advance climate action.

In terms of water security, GlobalWafers achieved A-level recognition across 7 of the 11 assessment categories, including business strategy, opportunity disclosure, targets, risk disclosure, environmental policies, dependencies, impacts, risks and opportunities process, and governance, highlighting the Company’s strong emphasis on and long-term commitment to water resource management. GlobalWafers regards water resource management as a critical foundation for operational resilience and supply chain stability. The Company continues to invest in improving process water efficiency, expanding wastewater recycling and reuse systems, and strengthening water risk identification and management mechanisms to reduce environmental impact. These efforts have delivered tangible results: in 2024, total water withdrawal decreased by 575.9 million liters compared with 2023, and the water recycling rate at the Company’s Taiwan sites reached nearly 60%, demonstrating ongoing improvements in water management performance.

With respect to climate action, GlobalWafers follows the SBTi and has formally committed to setting science-based greenhouse gas reduction targets, with a long-term target to achieve net-zero greenhouse gas emissions across the entire value chain by 2050. Since joining the RE100 initiative in 2022, the Company has continued to accelerate renewable energy adoption by improving energy efficiency, advancing low-carbon processes and equipment optimization, and implementing a diversified strategy that includes Power Purchase Agreements (PPAs), Renewable Energy Certificates (RECs), and self-developed renewable energy facilities. In June 2025, GlobalWafers further announced that it would accelerate the timeline for achieving 100% renewable energy usage across all subsidiaries under the RE100 initiative, advancing the original target from 2050 to 2040. This move underscores the Company’s proactive ambition to respond to the development of a sustainable semiconductor value chain.

Guided by its philosophy of “Responsible Growth,” GlobalWafers continues to advance environmental initiatives and accelerate the Group’s green transformation through cross-site knowledge sharing and best-practice exchange. Looking ahead, GlobalWafers will further strengthen the execution of relevant strategies and measures, working together with value chain partners to move toward a more resilient and sustainable future.

Amid the rapid evolution of the semiconductor industry and the growing challenge of an aging workforce, GlobalWafers remains firmly committed to its core values of being people oriented, acting with integrity, demonstrating passion, striving for excellence, and pursuing innovation. The Company regards its employees as the cornerstone of long term development and continues to strengthen workplace safety, health, and career development through institutionalized management and the integration of advanced technologies. These efforts reflect GlobalWafers’ long standing commitment to the Social dimension of ESG. This sustained and systematic approach has translated into tangible outcomes. Chung-Jung Huang, Vice President of Manufacturing at GlobalWafers’ Taisil branch, was honored by Taiwan’s Ministry of Labor with the Friendly Employment Excellence Award for Outstanding Promotion. The recognition acknowledges his long term dedication and concrete achievements in advancing age friendly employment, enhancing workplace safety, and implementing ergonomic improvements across manufacturing operations.

Under this vision, the manufacturing team led by Vice President Chung-Jung Huang has consistently focused on workplace safety, human factors engineering, and the promotion of employment opportunities for middle aged and senior employees. Over recent years, the team has accumulated a series of notable accomplishments. In 2023, the team received the Occupational Safety and Health Administration’s Ergonomic Hazard Prevention Best Practice Award, recognizing its success in reducing musculoskeletal injury risks among frontline workers, improving high risk operational processes, and systematically integrating ergonomic principles into daily operations. In 2024, the team was further recognized by the Workforce Development Agency with the Golden Employment Award for Job Redesign, honoring its efforts to support stable employment and continued career development for senior employees through thoughtful job redesign. In 2025, the Friendly Employment Excellence Award for Outstanding Promotion further highlighted the team’s long term impact and leadership in fostering a friendly and inclusive workplace.

In practical implementation, GlobalWafers established structured mechanisms for continuous improvement and job redesign, encouraging frontline employees to actively participate in process optimization, safety enhancement, and work design adjustments. This approach effectively transforms hands on operational experience into institutionalized and replicable improvement outcomes. At the operational level, Poka Yoke mistake proofing concepts were introduced from the source, supported by visualized workflows, task decomposition, and the deployment of assistive devices, adjustable fixtures, and appropriate protective equipment. These measures significantly reduce physical workload and human error risks for middle aged and senior employees, while enhancing overall operational safety and product quality stability.

In addition, GlobalWafers combined technological integration with industry academia collaboration to further optimize workplace design. By introducing AI based image recognition systems, automated warehousing solutions, and AGV autonomous vehicles, manual handling and transportation burdens were reduced. GlobalWafers also collaborated with National Yang Ming Chiao Tung University to evaluate shift arrangements, sleep quality, and work adaptability from an occupational health perspective, using these insights to continuously refine work design and management practices. In terms of occupational health management, proactive source reduction and substitution measures for chemical usage were implemented. IPA was replaced with alcohol in 5S cleaning processes, effectively reducing long term chemical exposure risks and demonstrating the Company’s strong commitment to employee health and safety.

These comprehensive initiatives have delivered measurable results. Over the past six years, the proportion of middle aged and senior employees has steadily increased. This clearly demonstrates that friendly employment practices and health oriented job design effectively enhance employee retention and organizational stability, laying a solid talent foundation for long term corporate sustainability. Looking ahead, GlobalWafers will continue to deepen its friendly workplace initiatives, fostering a safe, respectful, and supportive working environment, and working together with employees to advance sustainable development that benefits the Company, society, and its people.

GlobalWafers continues to invest in the development of materials and process technologies related to third-generation semiconductors, strengthening the process capabilities and supply stability of its SiC and GaN products to meet the growing demand for advanced materials in high-power and high-efficiency applications. Through the in-house development and continuous optimization of critical process technologies, the company has enhanced the process maturity and mass production capability of its SiC products, while gradually expanding its product portfolio in line with market demand. In the GaN segment, GlobalWafers has established product lines with scalable supply capability and continues to work closely with customers to advance product qualification and adoption. These products have received positive market feedback for their performance and quality. Overall, through steady R&D investment and process optimization, GlobalWafers continues to strengthen its key role in the global semiconductor supply chain and supports the ongoing advancement of the industry.

In recent years, GlobalWafers has continued to build a solid portfolio of research and development achievements at its Hsinchu and Zhunan sites, securing multiple patent positions in key process and materials technologies. With a strong focus on third-generation semiconductor–related technologies, this patent portfolio has helped establish a comprehensive and robust technological barrier. GlobalWafers has implemented the Taiwan Intellectual Property Management System (TIPS) for 13 consecutive years and has passed AA-level certification five times. The TIPS framework enhances systematic management of intellectual property acquisition, protection, and utilization, while enabling effective translation of R&D outcomes into patent portfolios or trade secret protection, thereby strengthening corporate competitiveness. The adoption and continuous optimization of the TIPS system played a critical role in demonstrating the company’s R&D capabilities and contributed positively to external recognition through this R&D Accomplishment Award.

GlobalWafers places strong emphasis on the cultivation and development of R&D talent. Internally, the company continues to expand its R&D teams at key research sites and actively recruits senior professionals to deepen its expertise in advanced materials and process technologies. Externally, GlobalWafers actively participates in various government-sponsored programs and industry–academia collaborations, promoting supply chain development and talent pipeline integration, and demonstrating tangible results in bridging academia and industry and fostering semiconductor talent.

Looking ahead, GlobalWafers will continue to place R&D at the center of its strategy, focusing on the advancement of high-performance and energy-efficient process technologies to support a wide range of applications, including electric vehicles, 5G, and AI. Through ongoing patent deployment and industry–academia collaboration, the company will further strengthen its technology accumulation and innovation momentum. By leveraging its R&D capabilities, GlobalWafers will continue to steadily advance the development of advanced materials and process technologies, helping customers enhance product performance and supply stability, while serving as a key and reliable partner in the global semiconductor value chain.