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KYEC Investor Presentation 2026
52090_rns_2026-05-13_0bfd4491-e493-481c-9c28-a7b9f06e1345.pdf
Investor Presentation
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KYEC
Benchmark of The Testing Industry
King Yuan Electronic Co., Ltd.
京元電子股份有限公司
[TWSE: 2449]
May, 2026
- Wafer Test Service
- Assembly Service
- Burn-In Service
- IC Test Service
- Backend Support
- Turnkey Operation
Safe Harbor Notice
- Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual performance, financial condition or results of operations of the Company to be materially different from any future performance, financial condition or results of operations implied by such forward - looking statements. Further information regarding these risks, uncertainties and other factors is included in the Company most recent Annual Report on Taiwan Stock Exchange (Market Observation Post System).
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KYEC group snapshot
Overview
- Established In: May 1987
- Headquarters: Hsinchu, Taiwan
- TWSE Listed: 2449.TW
- Market Cap: NT$369,880 million on 2026/4/30
- Employees(1): 8,976
Manufacturing footprint in Taiwan
Key milestones
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KYEC is the benchmark of semi testing industry
KYEC is uniquely positioned, locally and globally, as a pure-play testing house and aiming to take advantages of the ever-growing outsourced semi testing business.
- 5,500+ sets of installed test system, including both commercial and in-house developed testers, providing testing services for various end applications
- Optimal customer structure and balanced business exposure to maintain strong margin growth during the volatile semiconductor market environment
- In-house test system developing and manufacturing capability as a core competence differentiate KYEC from its OSAT peers
- Seasoned management team with broad and deep industry experiences
- Healthy financial structure and strong EBITDA profit to support CapEx
- Corporate strategies dedicated to enhance shareholder's interests
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IC manufacturing process and KYEC available services
Note: Blue colors are KYEC available services
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Diversified product mix for stable, long-term growth
- In general, test services contributed about 98% of company's total revenue.
- Devices tested by KYEC have been widely used in various applications, including consumer, communication, automotive, data computing and industrial ... etc.
- Revenue recorded in Others included sale of equipment and tooling, lease income, and miscellaneous items.
Revenue breakdown for Q1'26
By Manufacturing Process
By Application
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KYEC services global customers
☐ 48% of global top 50 semi companies use KYEC's test services
☐ Among the world's top 50 semiconductor companies, excluding those in China and the memory sector (which are not KYEC's target market), as many as 63% are customers of KYEC.
| 2025 ranking | Company | 2025 ranking | Company | 2025 ranking | Company | 2025 ranking | Company | 2025 ranking | Company |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NVIDIA | 11 | EXAS INSTRUMENTS | 21 | 长江存储 YANGTZE MEMORY | 31 | MBS | 41 | nexperia |
| 2 | SAMSUNG | 12 | Infineon | 22 | GXmt | 32 | ROHIII | 42 | NICHIA |
| 3 | SK Nynix | 13 | SONY | 23 | HISILICON | 33 | QORVO | 43 | winband |
| 4 | Intel | 14 | NXO | 24 | onsemi | 34 | OMUI OSRAM | 44 | m mobileye |
| 5 | Micron | 15 | ANALOG DEVICES | 25 | MICROCHIP | 35 | TOSHIBA | 45 | Silan |
| 6 | Qualcomm | 16 | STI | 26 | REALTEK | 36 | UNISOC | 46 | SANECHIPS |
| 7 | BROADCOM | 17 | KIOXIA | 27 | OMNIVISION | 37 | NANYA | 47 | COHERENT |
| 8 | AMD | 18 | RENESAS | 28 | SKYWORKS | 38 | CIRRUS LOGIC | 48 | |
| 9 | appla | 19 | MARVELL | 29 | NOVATEK | 39 | DENSO | 49 | MITSUBISHI ELECTRIC |
| 10 | MEDIATEH | 20 | SanDisk | 30 | BOSCH | 40 | HYGON | 50 | TDK |
Source: Gartner 2026
Note: Numbers marked with ◇ represent KYEC customers. AMD includes Xilinx.
☐ KYEC has a diversified customer base, with products including, but not limited to the following.
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KYEC retains flexible and cost effective test solutions
☐ Current semi testing service provider is demanding on flexibility, cost effective and various platform/capacity for servicing the small-volume business trend.
☐ KYEC is standing to take advantage of this market trend for its flexible in test platform choices, capacity and in-house capability.
☐ KYEC currently installed 5,500+ test systems on its shop floor.
| Logic / Mixed-Signal | CIS/CCD | RF / Wireless | SOC | |
|---|---|---|---|---|
| Advantest | T6575 / T6577 | |||
| T2000EPP | ||||
| T2000IPSE | T2000 | |||
| T2000EPP | T6575/T6577 | |||
| T2000 | ||||
| T2000EPP | ||||
| T2000IPSE | ||||
| Advantest (Verigy) | HP93K-PS1600 | |||
| HP93K-EXA | HP93K-PS1600 | |||
| HP93K-EXA | HP93K-PS1600 | |||
| HP93K-EXA | ||||
| Cohu | D10 | |||
| Fusion-MX | ||||
| DiamondX | ||||
| PAX-RedDragon | Fusion-MX | |||
| DiamondX | ||||
| PAX-RedDragon | D10 | |||
| Fusion-MX | ||||
| DiamondX | ||||
| PAX-RedDragon | ||||
| Teradyne | J750 / J750EX | |||
| J750EX-HD | ||||
| ETS-364 | ||||
| iFlex | ||||
| Ultra Flex | ||||
| Ultra Flex Plus | ||||
| M1/M2 | IP750EX | |||
| IP750EMP | Flex-RF | |||
| Ultra Flex | ||||
| Ultra Flex Plus | J750 / J750EX | |||
| J750EX-HD | ||||
| ETS-364 | ||||
| iFlex | ||||
| Ultra Flex | ||||
| UltraFlex Plus | ||||
| M1/M2 | ||||
| SPEA | DOT400 | DOT400 | ||
| KYEC | E-Series | I-Series | E-Series | E-Series |
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In-house test systems widely use in mass production
☐ In general, in-house test system provide a custom-tailored solution flexible in test configuration and programming for device used in various applications.
☐ In addition, KYEC designs and manufactures test tooling and probe card in-house.
Application of in-house tester
CIS Tester
Integration Image
Process & Optical
MEMS G-sensor Tester
Integration of Motion & thermal socket
MEMS Microphone Tester
Integration of Acoustic chamber & kit design
LCD Driver Solution
Logic Tester
SOC solution
Integration of Analog module & RF module
High Power Solution
Integration of Hi-voltage module & Hi-current module
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KYEC developed ovens for burn-in test services
☐ In-house burn-in ovens provide flexibility, custom tailored test services.
☐ A single Burn-In Oven handles diverse wattage testing requirements without the need to switch models.
☐ Our high-power (~1500W) air-cooled burn-in ovens offer superior cost advantages and easier maintenance compared to externally sourced liquid-cooled units..
☐ High-power 3000W liquid-cooling burn-in oven for mass-production.
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KYEC group management team with deep industry experience
C.K. LEE - Chairman & CEO
- Over 40 Years of semiconductor industry experience
- Former Manager of Manufacturing, United Microelectronics Corporation
- Bachelor of Department of Shipping & Transportation Management, National Taiwan Ocean University.
Gauss CHANG - General Manager & CSO
- Over 30 Years of semiconductor industry experience
- Former Manager of foundry business, Winbond Electronics Corp.
- MBA. from Saginaw Valley State University, Michigan, USA.
| Winnie Chou – VP & CFO | Logan CHAO – VP & CAO | Steven CHANG – EVP & CISO | Andy LIANG – Senior VP | Hans HAN – Vice President | Morris CHANG – Vice President |
|---|---|---|---|---|---|
| • Over 25 Years of semiconductor industry experience | |||||
| • Former CFO of Dawning Leading Technology Inc. | |||||
| • Bachelor of Department of International Trade, Tamkang University. EMBA of National Tsing Hua University | • Over 25 Years of semiconductor industry experience | ||||
| • Former Audit manager of KPMG | |||||
| • Bachelor of Department of Accounting, Chinese Culture University. EMBA of National Tsing Hua University. | • Over 25 Years of semiconductor industry experience | ||||
| • Former Manager of quality assurance, Macronix International Co., LTD. | |||||
| • Bachelor of Department of Electrical Engineering, Chung Yuan Christian University. M.Sc. from Graduate School of Electrical Engineering, National Central University. | • Over 25 Years of semiconductor industry experience | ||||
| • Former manager of equipment engineering, UTAC/Taiwan | |||||
| • Bachelor of Department of Electronic Engineering, Minghsin University of Science and Technology. MBA from Minghsin University of Science and Technology. | • Over 25 Years of semiconductor industry experience | ||||
| • Former deputy vice president of Walton Advanced Engineering Inc. | |||||
| • Bachelor of Department of Electrical Engineering, National Taiwan University of Science and Technology. M.Sc. from Department of Electronic and Computer Engineering, National Taiwan University of Science and Technology. | • Over 25 Years of semiconductor industry experience | ||||
| • Former director of Intel Microelectronics Asia LLC. | |||||
| • Bachelor in Electrical Engineering, National Central University. MS in Information and Electronic Engineering, National Central University. MS in Executive Finance, The City University of New York. |
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Financial highlights
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Financial Snapshot
| (NT$ Millions) | Q1'26 | Q4'25 |
|---|---|---|
| Net Revenue | 10,191.9 | 9,965.7 |
| Gross Margin (%) | 39.7% | 37.7% |
| Expenses | ||
| SG&A | 971.3 | 684.1 |
| R&D | 307.3 | 257.8 |
| EBITDA | 5,258.4 | 5,002.1 |
| EPS – diluted (NT$) | $1.86 | $1.83 |
| EPS – basic (NT$) | $1.87 | $1.84 |
UTR
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Financial Snapshot
Revenue and Gross Margin
(exclude data of ex-subsidiary in China)
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Optimal financial leverage enhances shareholder interest
Cash Flow from Operations
CapEx
Debt | Cash
Net Financial Debt / Equity
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Company website
http://www.kyec.com.tw
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