Taiwan Sites: Promoting Support Programs for Middle-Aged and Senior Employees and Retirement Preparation Across the Group

At its Taiwan sites, GlobalWafers’ Health Center planned a course on “Workplace Support for Middle-Aged and Senior Employees and Retirement Life Planning,” inviting external lecturers to share insights on workplace support for middle-aged and senior employees, intergenerational communication, and retirement preparation. To broaden its sustainability impact, the program brought together employees from GlobalWafers’ various Taiwan sites, its parent company Sino-American Silicon Products Inc. (SAS), and affiliated companies, extending employee care and career transition resources to a wider group of employees across the Group. More than 100 employees participated in the program.

The course began by addressing the common physical and mental conditions, family caregiving responsibilities, and lifestyle needs of middle-aged and senior employees, helping both employees and supervisors gain a better understanding of the work and life challenges that may arise in the later stages of one’s career. It also explored differences in values and communication styles between middle-aged and senior employees and younger generations, thereby promoting mutual understanding and collaboration across generations. In addition, the course encouraged employees to view retirement as a new beginning in life and to begin considering their post-retirement lifestyle arrangements and directions for self-fulfillment in advance. Through cross-site resource sharing within the Group, the course not only responded to employees’ personal needs for career and life planning, but also helped foster a more age-friendly workplace environment.

Korea Site: Retirement Transition Program Helps Employees Plan for the Next Stage of Life

MEMC Korea Company (MKC), GlobalWafers’ Korean subsidiary, also organized a retirement preparation and career transition training program for five employees approaching retirement, helping them think ahead about post-retirement life arrangements, financial planning, and future development possibilities. For employees who are about to enter retirement, retirement does not simply mean leaving a familiar workplace; it also represents a readjustment of daily routines, family roles, and personal life planning. Therefore, preparing in advance and understanding available resources can help make this transition more purposeful and well-guided.

The program was conducted in collaboration with a professional career transition training institution. Course content covered financial and tax management, pension utilization, social insurance systems, and an introduction to government support resources, helping employees gain a clearer understanding of the protection mechanisms available after retirement. In addition, the course guided employees to re-examine their own experience, capabilities, and interests amid the AI era and a rapidly changing employment environment, while exploring possibilities for a second career or other life development paths. Participating employees shared that the program provided a valuable opportunity for them to think more concretely about their post-retirement life and career arrangements, giving them greater peace of mind and anticipation as they approach this important life transition.

Continuously Enhancing Employee Transition Support and Building a More Inclusive Workplace

From cross-site programs across the Group in Taiwan to retirement transition programs at overseas subsidiaries, GlobalWafers is gradually extending employee career transition support to different operating locations, reflecting the Group’s long-term commitment to talent development, employee well-being, and the promotion of a friendly workplace. The Company will continue to pay attention to topics such as support for middle-aged and senior employees, retirement transition, and second-career exploration, while providing appropriate information, resources, and assistance according to employees’ needs in different locations. By accompanying employees as they steadily navigate important life transitions, GlobalWafers aims to further build a more inclusive and sustainably resilient workplace environment.

Jointly conducted by the Taiwan Stock Exchange and the Taipei Exchange, the 2025 evaluation covered 1,810 listed and TPEx-listed companies, with only 40 TPEx-listed companies ranked in the top 5%. GlobalWafers’ continued position among the top-tier performers reflects its performance in board operations, information disclosure, shareholder rights protection, and sustainable governance.

Guided by its philosophy of “Responsible Growth,” GlobalWafers continues to enhance its governance framework, improve operational transparency, and integrate sustainability into daily management and stakeholder communication. Notable achievements include:

• Continued improvement in global sustainability ratings: GlobalWafers continues to advance climate action, water resource management, and supply chain sustainability management. In 2025, the company received an “A” Leadership Level rating in CDP’s Water Security assessment and was recognized as a Supplier Engagement Leader, the highest rating of “A” in CDP’s Supplier Engagement Assessment, for two consecutive years in 2024 and 2025..
• Recognition for employee care and inclusion: GlobalWafers values employee care and workplace equality, and addresses employee needs through a variety of initiatives. In addition to receiving the “Excellence Award for Promoting Workplace Equality” from the Hsinchu Science Park Bureau for three consecutive years, the company has also promoted job redesign initiatives and received the Ministry of Labor’s “Outstanding Employment Award for Senior Workforce” for two consecutive years.
• Excellence in board diversity and independence: Among the eight board members, three are female directors, accounting for 37.5% of total seats, and four are independent directors, representing 50%, contributing to enhanced board decision-making quality and oversight effectiveness.
• Strong intellectual property management and protection of R&D achievements: GlobalWafers has consistently obtained AA-level certification under the Taiwan Intellectual Property Management System (TIPS) for six consecutive times and was honored with the Hsinchu Science Park Bureau’s “2025 Science Park R&D Accomplishment Award,” making it the only company to receive this award in 2025.

In addition, GlobalWafers’ parent company, Sino-American Silicon Products Inc. (SAS), and affiliated companies Actron Technology Corporation (Actron) and Advanced Wireless Semiconductor Company (AWSC) were also ranked among the top 5% of TPEx-listed companies in this year’s evaluation. Taiwan Speciality Chemicals Corporation (TSC) participated in the evaluation for the first time and was ranked within the 6% to 20% tier, highlighting the Group’s outstanding overall governance performance. GlobalWafers remains committed to integrity-driven governance and sound operations. The company will continue to advance its corporate governance and sustainable development practices, creating long-term value for shareholders, customers, employees, and society.

GlobalWafers Co., Ltd. (GlobalWafers) is guided by its philosophy of “Responsible Growth,” and its greenhouse gas (GHG) reduction targets have been validated by the Science Based Targets initiative (SBTi), demonstrating that its decarbonization pathway is aligned with the global 1.5°C climate goal and supports its continued progress toward achieving net-zero emissions across its entire value chain by 2050.

Science‑Based Emission Reduction Targets: Driving Net-Zero Transformation Across the Value Chain

The Science Based Targets initiative is an internationally recognized framework for low-carbon transition, designed to assist corporations and organizations in setting GHG reduction targets in line with the latest climate science. Its standard framework ensures that corporate decarbonization targets are aligned with the decarbonization pathway of the Paris Agreement, supporting efforts to limit global warming to within 1.5°C above pre-industrial levels.

Regarding near-term targets, GlobalWafers commits to reducing absolute Scope 1 and Scope 2 GHG emissions by 63% by 2035 from a 2022 base year. For Scope 3, GlobalWafers focuses on three primary emission sources: “Purchased Goods and Services” (Category 1), “Capital Goods” (Category 2), and “Fuel- and Energy-Related Activities” (Category 3). GlobalWafers commits to reducing absolute GHG emissions from these categories by 37.5% by 2035 from a 2024 base year. In terms of long-term targets, GlobalWafers commits to reducing absolute Scope 1 and Scope 2 GHG emissions by 90% by 2050 from a 2022 base year. GlobalWafers also commits to reducing absolute GHG emissions across all Scope 3 categories by 90% by 2050 from a 2024 base year, and to achieve net-zero emissions across the entire value chain by 2050.

Extending decarbonization across the entire value chain requires companies to integrate their global operations and upstream and downstream supply networks, while advancing decarbonization transformation through long-term governance and systematic action. GlobalWafers will continue to follow the standards of the Science Based Targets initiative, deepen decarbonization management across the entire value chain, and collaborate with supply chain partners to advance GHG reduction action, strengthening the climate resilience and sustainable competitiveness of the overall value chain.

Driving Low-Carbon Transition: Deepening Operational Decarbonization and Value Chain Collaboration

GlobalWafers continues to advance its low-carbon transition, implementing decarbonization strategies across both operations and the value chain. In terms of internal operations, GlobalWafers promotes green manufacturing through process optimization and equipment upgrades, including replacement of high-efficiency equipment, adoption of heat pump technology, and process redesign, combined with improvements in energy efficiency, deployment of low-carbon technologies, and optimization of resource circularity, to reduce carbon emission intensity per unit of product. In parallel, GlobalWafers is expanding the use of renewable energy through multiple approaches, including the development of on-site solar power installations, the signing of long-term Power Purchase Agreements (PPAs), and the procurement of Renewable Energy Certificates (RECs). These efforts are steadily increasing the share of renewable energy across GlobalWafers’ global operations, supporting its commitment to achieving 100% Renewable Energy (RE100) across all global production sites by 2040. Furthermore, GlobalWafers has established an internal carbon pricing mechanism and supports natural carbon sinks and engineered carbon capture to enhance climate risk and opportunity management, strengthening overall operational resilience.

For value chain decarbonization, GlobalWafers has established a raw material supplier tiered management mechanism. This initiative encourages suppliers to conduct product carbon footprint inventories and obtain third-party verification. GlobalWafers also invites major emissions-intensive suppliers to commit to the Science Based Targets initiative (SBTi) and continuously tracks suppliers’ decarbonization pathway plans and execution progress. Meanwhile, the Company collaborates with key value chain partners to deepen decarbonization engagement and gradually expand the impact of its GHG reduction efforts   across the entire semiconductor value chain.

Doris Hsu, Chairperson of GlobalWafers, stated: “GlobalWafers’ GHG reduction targets have been validated by the Science Based Targets initiative, confirming that the Group’s decarbonization pathway is aligned with internationally recognized climate science standards. In response to the global trend toward net-zero transition, We will continue to deepen green manufacturing and strengthen value chain collaboration, steadily advancing toward its GHG reduction targets. GlobalWafers regards sustainable development as a key foundation of long-term competitiveness, striving to create long-term, resilient, and sustainable value for the environment, society, and stakeholders.”

The CDP Supplier Engagement Assessment (SEA) evaluates how companies extend climate action beyond their own operations into the value chain through governance frameworks, supplier collaboration, greenhouse gas (GHG) accounting, and target setting. It serves as a key indicator of a company’s maturity in value chain climate governance.

To advance value chain decarbonization, GlobalWafers has implemented a tiered management mechanism for raw material suppliers, encouraging them to conduct product carbon footprint assessments and obtain third-party verification. Currently, 80% of its key raw material suppliers have met the Company’s decarbonization requirements, including committing to set Science-Based Targets initiative (SBTi) near-term targets by 2026 and completing product carbon footprint assessments for major products by 2025. In parallel, GlobalWafers collaborates with high-emission suppliers to participate in the SBTi, while continuously tracking the implementation of their decarbonization commitments and transition progress. GlobalWafers also works closely with key value chain partners to deepen low-carbon collaboration and technical exchange, progressively expanding climate action across the broader semiconductor supply chain.

Guided by its philosophy of “Responsible Growth,” GlobalWafers continues to optimize its low-carbon operations while actively partnering with suppliers and customers to advance climate action and build a more resilient and sustainable value chain. The Company is also strengthening its sustainability governance and environmental management across multiple dimensions—from organizational governance frameworks and decarbonization pathway planning to water resource management—thereby enhancing its overall climate action capabilities and laying a solid foundation for long-term sustainable development.

Benefiting from growing demand driven by AI and high-performance computing, the global semiconductor market has shown a broad-based recovery over recent quarters, supporting a gradual improvement in upstream wafer shipments, although the pace of recovery remains uneven across end-market applications. GlobalWafers’ first-quarter operations were temporarily affected by seasonality and extreme weather conditions. As these disruptions have subsided, shipments across sites have returned to normal. While profitability remains under short-term pressure due to capacity ramp-up, as global expansion projects gradually come onstream and capital expenditures begin to converge, the Company’s operational focus has shifted toward accelerating customer qualifications and enhancing capacity utilization. The Company is also seeing multiple positive signals from customers, indicating demand improvement has become more pronounced. In terms of utilization, excluding newly added lines still in the ramp-up stage, 12-inch utilization across the Company’s global sites remained fully loaded. Utilization of small- and mid-diameter wafers also improved meaningfully, with 8-inch demand remaining strong, supported by recovering power management and analog applications, and gradually extending to 6-inch wafers, driving continued improvement in overall capacity utilization and shipment momentum.

GlobalWafers continues advancing its global expansion and localization strategy, with major sites accelerating sampling and customer qualifications while beginning to realize results. In Japan, the expanded Utsunomiya facility has quickly returned to profitability, contributing to margin improvement and positive cash flow. In Italy, installation of expansion equipment is nearing completion, the new production line has obtained IATF 16949 certification, demonstrating that its processes and quality management meet the stringent requirements of the automotive supply chain, which will help accelerate customer qualification and volume production ramp-up. In the United States, the new Texas fab continues equipment installation and line setup, and has secured qualifications from leading customers to support capacity ramp-up. In Missouri, 12-inch SOI newly added equipment has gradually completed production qualification, with selected RF and silicon photonics products entering mass production in the first quarter of 2026.

The Company has also achieved encouraging progress in government incentives. In the United States, subsidiaries led by GlobalWafers America, in addition to previously secured CHIPS Act support, have recently obtained benefits under the Advanced Manufacturing Investment Credit (AMIC) and other government incentive programs, with approximately US$317.8 million received as of the first quarter of this year. These incentives carry meaningful financial significance for the Company’s long-term U.S. investment and capital allocation. In Italy, the first tranche of government subsidy funding has been approved, with nearly €30 million received in March this year, while subsequent subsidy applications remain on track according to schedule, supporting the Company’s long-term manufacturing footprint and operational stability. Meanwhile, the Company continues optimizing its balance sheet, with debt levels declining from prior peaks and bank borrowings further reduced. As market recovery supports future revenue and cash flow growth, GlobalWafers expects to further strengthen its financial position.

As advanced packaging technologies and high-efficiency, high-frequency applications drive demand for new materials, GlobalWafers continues expanding its portfolio of high-value products. In product mix, supported by strong customer demand and solid order visibility, SOI production line has delivered strong performance and, despite still being in the early stage of expansion, has already achieved positive gross margin, becoming one of the early highlights among the Group’s strategic initiatives to demonstrate tangible results. In compound semiconductors, 12-inch SiC has completed development and entered qualification with key customers. During 2026, the focus will be on validation and limited-volume shipments, with future volume ramping to follow customer qualification progress. Applications are expected to extend into thermal management, advanced packaging, and selected optical fields. Meanwhile, GaN remains focused on high-efficiency power applications, including data centers, charging infrastructure, and smart devices. Capacity remains fully utilized, with approximately 30% expansion completed and an additional 20% capacity expansion underway to support future growth momentum.

In sustainability governance, the results of the 12^th (2025) Corporate Governance Evaluation were recently announced, with GlobalWafers has once again been awarded among the top 5% of all Taipei Exchange-listed companies for the eighth consecutive year, and has also been recognized among the top 10% of electronics companies with a market capitalization of NT$10 billion or above. This not only demonstrates the Company’s consistently strong governance performance among industry peers, but also highlights GlobalWafers’ long-term commitment to advancing corporate governance and sustainable development. Guided by its principle of “Responsible Growth,” GlobalWafers continues to respond to macroeconomic and industry changes through operational resilience, while further strengthening its governance framework and steadily advancing toward long-term sustainable growth.

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.