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TXC Interim / Quarterly Report 2015

May 14, 2015

52274_rns_2015-05-14_c66f3aa7-9d10-4891-a66d-3370db606ba9.pdf

Interim / Quarterly Report

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www.txccorp.com

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Think of Frequency Think of Investment Conference May, 2015

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1

Content

FINANCIAL RESULTS

SALES & MARKETING

  • PRODUCT DEVELOPMENT

BUSINESS HIGHLIGHT

Q&A

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2

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3

Revenue Trend

Unit: $NT in Million

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2012:
2013: 2014:
4,000 10,928 9,504 9,526
(+10.42%)
(-13.03%) (+0.23%)
3,500
2,974 2,981
3,000
2,579
2,500 2,394 2,327 2,331 2,446 2,400 2,358 2,519 2,483
2,166 2,135
2,000
1,500
1,000
500
0
12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2 14.Q3 14.Q4 15.Q1
12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2 14.Q3 14.Q4 15.Q1
Revenue (QoQ) ‐8.1% 7.7% 15.3% 0.2% ‐21.9% 0.2% 4.9% ‐1.9% ‐9.8% 8.9% 6.8% ‐1.4% ‐14.0%
Revenue (YoY) 3.1% 4.2% 19.2% 14.4% ‐2.8% ‐9.6% ‐17.8% ‐19.5% ‐6.9% 1.2% 3.0% 3.5% ‐1.4%
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4

Gross Profit Trend

Unit: $NT in Million

0
100
200
300
400
500
600
700
800
Gross
Profit
Gross
Margin		 21.8%
24.1%
22.9%		 21.8%
24.1%
22.9%		 21.8%
24.1%
22.9%		 21.8%
24.1%
22.9%		 22.9%
22.4%		 22.9%
22.4%		 566
557
549
509
579
609
634
533
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
2014:
2,331
(+6.24%)
2013:
2,194
(-12.52%)
24.3%
22.8%
22.9%
23.5%
24.6%
24.2%
25.5%
25.0%
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1		 566
557
549
509
579
609
634
533
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
2014:
2,331
(+6.24%)
2013:
2,194
(-12.52%)
24.3%
22.8%
22.9%
23.5%
24.6%
24.2%
25.5%
25.0%
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1		 566
557
549
509
579
609
634
533
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
2014:
2,331
(+6.24%)
2013:
2,194
(-12.52%)
24.3%
22.8%
22.9%
23.5%
24.6%
24.2%
25.5%
25.0%
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1		 566
557
549
509
579
609
634
533
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
2014:
2,331
(+6.24%)
2013:
2,194
(-12.52%)
24.3%
22.8%
22.9%
23.5%
24.6%
24.2%
25.5%
25.0%
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1		 566
557
549
509
579
609
634
533
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
2014:
2,331
(+6.24%)
2013:
2,194
(-12.52%)
24.3%
22.8%
22.9%
23.5%
24.6%
24.2%
25.5%
25.0%
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1		 566
557
549
509
579
609
634
533
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
2014:
2,331
(+6.24%)
2013:
2,194
(-12.52%)
24.3%
22.8%
22.9%
23.5%
24.6%
24.2%
25.5%
25.0%
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1		 566
557
549
509
579
609
634
533
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
2014:
2,331
(+6.24%)
2013:
2,194
(-12.52%)
24.3%
22.8%
22.9%
23.5%
24.6%
24.2%
25.5%
25.0%
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1		 566
557
549
509
579
609
634
533
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
2014:
2,331
(+6.24%)
2013:
2,194
(-12.52%)
24.3%
22.8%
22.9%
23.5%
24.6%
24.2%
25.5%
25.0%
13.Q2
13.Q3
13.Q4
14.Q1
14.Q2
14.Q3
14.Q4
15.Q1
522
621
682
12.Q1
12.Q2
12.Q3
2012:
2,508
(+4.46%)
12.Q1
12.Q2
12.Q3		 12.Q4 13.Q1 2013:
2,194
(-12.52%)
13.Q2
13.Q3
13.Q4		 14.Q1
522
621
682		 683 522 566
557
549
 509 579
609
634
533
12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2
12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2 14.Q3 14.Q4 15.Q1
Gross Profit(QoQ) ‐10.9% 19.0% 9.8% 0.1% ‐23.6% 8.4% ‐1.6% ‐1.4% ‐7.3% 13.8% 5.2% 4.1% ‐15.9%
Gross Profit(YoY) ‐9.4% 2.0% 8.3% 16.6% 0.0% ‐8.9% ‐18.3% ‐19.6% ‐2.5% 2.3% 9.3% 15.5% 4.7%

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5

Net Profit Trend

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Unit: $NT in Million
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‐50
50
150
250
350
450
Net Profit(QoQ)
Net Profit(YoY)
Net
Margin
Net
Profit		 ‐50
50
150
250
350
450
Net Profit(QoQ)
Net Profit(YoY)
Net
Margin
Net
Profit		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Unit: $NT in
8.3%
10.1%
12.2%
10.9%
9.0%
9.4%
10.8%
10.1% 10.2%
10.3%
10.6%
10.6%		 Millio
10.4%
15.Q1
2012:
1,149
(+9.43%)
2013:
935
(-18.62%)
12.Q1
12.Q2
12.Q3
12.Q4
13.Q1
13.Q2
13.Q3
13.Q4		 2014:
995
(+642%)
14.Q1
14.Q2
14.Q3
 14.Q4
199
261
363
326
209
220
264
242

 222
242
268
.		 263 221
12.Q1
12.Q2
12.Q3
12.Q4
13.Q1
13.Q2
13.Q3
13.Q4		 14.Q1
14.Q2
14.Q3		 14.Q4 15.Q1
12.Q1 12.Q2 12.Q3 12.Q4 13.Q1 13.Q2 13.Q3 13.Q4 14.Q1 14.Q2 14.Q3 14.Q4 15.Q1
Net Profit(QoQ) ‐23.5% 31.2% 39.1% ‐10.2% ‐35.9% 5.3% 20.0% ‐8.3% ‐8.3% 9.0% 10.7% ‐1.9% ‐16.0%
Net Profit(YoY) ‐16.0% 5.2% 19.0% 25.4% 5.0% ‐15.7% ‐27.3% ‐25.8% 6.2% 10.0% 1.5% 8.7% ‐0.5%

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6

Income Statement Highlight

Unit：$NT 2013 2014 Growth Q1 2014 Q1 2015 Growth
in thousand (T-IFRS) (T-IFRS) Rate (T-IFRS) (T-IFRS) Rate
Net Revenue 9,503,583 9,526,243 0.2% 2,165,532 2,135,069 -1.4%
Gross Profit 2,194,030 2,331,149 6.2% 509,403 533,220 4.7%
Operating Profit 951,154 1,004,002 5.6% 214,156 216,792 1.2%
Income before tax 1,061,765 1,145,755 7.9% 253,048 243,611 -3.7%
Net Income 935,161 995,174 6.4% 222,112 221,065 -0.5%
Gross Margin 23.1% 24.5% - 23.5% 25.0% -
Operating Margin 10.0% 10.5% - 9.9% 10.2% -
Net Margin 9.8% 10.4% - 10.3% 10.4% -

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7

Balance Sheet Highlight

Unit：$NT in thousand 2014
(T-IFRS)
Q1 2014
(T-IFRS)
Q1 2015
(T-IFRS)
Current Assets 7,806,568
7,476,459
8,050,907
Fixed assets 5,815,679
5,980,832
5,733,789
Total assets 13,622,247
13,457,291
13,784,696
Current liabilities 2,791,774
3,098,978
3,678,563
Long-term liabilities 1,935,897
1,750,805
1,063,582
Total liabilities 4,727,671
4,849,783
4,742,145
Shareholders' equity 8,894,576
8,607,508
9,042,551
Debt ratio 34.7%
36.0%
34.4%
Current Ratio 279.6%
241.3%
218.9%
Quick Ratio 220.4%
183.6%
170.3%
Net Value Per Share 28.71
27.79
29.19

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8

Capital Expenditure of 2015

(Unit: $NT)

Amount:100 million SMD X’TAL *10KK

Amount:200 million SMD X’TAL / VCXO/ OCXO/ Sensors / RTC Sapphire PSS

Amount:300 million SMD X’TAL *20 KK Factory + Facility

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9

Dividend Policy

(Unit: $NT)

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6
4.88
5
4.13 4.06
4 3.56 3.48 3.79
3.02 3.21
3 2.75 2.5 2.5
1.94 1.98 2 2 2.2 2.2 2.2
2
0.97 0.99
1
0.5
0.2 0.2
0 0 0 0
0
2006 2007 2008 2009 2010 2011 2012 2013 2014
2006 2007 2008 2009 2010 2011 2012 2013 2014
Earnin Per Share 4.13 4.88 3.56 2.75 4.06 3.48 3.79 3.02 3.21
g
Cash Dividend Per Share 1.94 1.98 2 2 2.5 2.2 2.2 2.2 2.5
Stock Dividend Per Share 0.97 0.99 0.5 0.2 0.2 0 0 0 0
Share Prices(3/31) 60.6 54.6 32 52.1 55.9 43.55 44.85 40.7 40.05
Yield (%) 3.20% 3.63% 6.25% 3.84% 4.47% 5.05% 4.91% 5.41% 6.24%
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10

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11

Worldwide X’tal & Oscillator Market Updates

Worldwide X'tal & Oscillator Shipment Y2008~2017

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20,000 30%
25% 25%
20%
15,000
15%
10%
10,000 5% 2% 2% 1% 1% 5%
2% ‐2% 2% 0%
5,000 ‐5%
‐9% ‐10%
0 ‐15%
2008 2009 2010 2011 2012 2013 2014 2015(f) 2016(e) 2017(e)
WW Shipment(Million pcs) YoY
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Worldwide X'tal & Oscillator Revenue Y2008~2017

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4,000 25%
3,500 20% 20%
15%
3,000
10%
2,500
1% 5%
2,000 ‐1.4%
‐3% ‐2% 0%
1,500 ‐6.5% ‐2% ‐1%
‐5% ‐5%
1,000 ‐10%
500 ‐14% ‐15%
0 ‐20%
2008 2009 2010 2011 2012 2013 2014 2015(f) 2016(e) 2017(e)
WW Revenue(Million USD) YoY
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12

2014 World Ranked No.3

2014
Rank		 Company Name 2014
Revenue (M)		 Percent of Total
1 Epson Toyocom $449 14.1%
2 NDK $417 13.1%
3 TXC $323 10.1%
4 KCD $293 9.2%
5 KDS $264 8.3%
6 Vectron $176 5.5%
7 SiWard $99 3.1%
8 Hosonic $95 3.1%
9 Rakon $71 2.2%
10 Failong $65 2.0%
Other Companies $938 29.3%
Total Revenue $3,190 100.0%

*TXC total revenue included others

Source: TXC, CS&A 2015

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13

2014 Shipping Record

2014 Crystals & Oscillators Shipping Record

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Units Share Position
kHz Crystal 140M+ 2% No. 4
No. 1
MHz Crystal 2.2B+ 25%
XO 90M+ 12% No. 3
TCXO No. 3
173M+ 12%
VCXO No. 4
9M+ 10%
-
OCXO
5K+ <1%
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Source: TXC, CS&A 2015

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14

Revenue Breakdown by Market Segments

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SAPPHIRE AUTOMOTIVE
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OTHERS
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NETWORKING &
INFRASTRUCTURE
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4% 4% MOBILE
8%
COMMUNICATION
27%
27%
37%
20%
18%
MOBILE
COMPUTING
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15

Revenue Breakdown by Products

Others KHz X,tal

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Sapphire
5% 4%
Sensor 4%
4%
[5%] 6%
1% [4%]
XO/SO 13%
13%
11%
11%
60%
59%
TCXO
MHz Xtal
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16

Market Outlook – The Internet of Things is already here

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We already have smartphone, smart TVs, cars, homes, industrial equipment and many things connected to the Internet, and they can automate systems, communicate easier, and collect data for us. These networked and connected things are the Internet of Things (IoT)

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17

Market Size – Billions of units connected, trillions of dollars opportunities

7 Trillions of Dollars Business Opportunities

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Business Opportunities
50 Billion Units
connected
18 Billion Units
connected
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Source: IDC

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18

Market Trend – The possibilities of IoT are endless

Everything Networked & Connected

M2M IoE (Machine to IoT (Internet of Machine) (Internet of Things) Everything) A device captured A networked Bringing together event, meaningful “things” that the people, process, information, data communicate data and things to and transmit it without human make networked over network to interface using connections more an application IP connectivity relevant by turning information into actions

Source: IDC

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19

Market Driver – IoT is driven by a combination of technologies. TXC already here to provide all possible solutions to IoT

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Sensors Connectivity Process
Accelerometer
Gyro LTE Software
E-Compass Bluetooth, WiFi, NFC Apps
Pressure GNSS
Light & Proximity ZigBee
Develop higher
Continue to introduce performance, Enhance Sensors
more & more sensors miniature crystals and Software capability
oscillators
These are TXC focuses Source: TXC, IDC
Think of Frequency, Think of TXC 20
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For Smartphone, Tablet, and NB, TXC provides the smallest and thinnest designed package with high performance crystals and oscillators for wireless connectivity needs

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  • 3G/4G LTE

  • • WiFi

  • BT/BLE

  • • NFC

  • GNSS

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Source: BER
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Crystal

Smallest and Thinnest 0.30mm 1.2x1.0x0.30mm

Smallest and Thinnest 1.6x1.2x0.55mm

High stability ±0.5ppm Smallest: 1.6x1.2x0.55mm

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21

New HiFi sound features being introduced into Smartphone, Tablet, NB, Headphone, etc. , TXC provides special designed low noise XO with -100dBc/Hz @ 10Hz for DAC chipsets

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New

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• HiFi Audio

- Phase noise100dBc/Hz @ 10Hz; 2.5x2.0x0.75mm

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Source: MEIZU, ESS

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22

More sensors being used in Smartphone, TXC already started to provide sensors solutions, will continue to bring out more sensors solutions

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New

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2013 Q2 launched Combo Ambient Light + Proximity Sensors (LED/VCSEL) • Smallest package 2.5x2.0mm • Slim package 4.5x0.9mm

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2015 Q2 launched

Anti-magnetic interference and low power e-Compass Sensors • 3-Axis e-Compass, 1.6x1.6mm • 6-Axis e-Compass, 2.5x2.5mm (Magnetometer + Accelerometer)

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Source: Samsung

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23

Wireless connectivity and sensors technologies already being used in wearable, home, and healthcare devices, these are part of TXC growth market segments

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•
3G/4G
LTE
•
WiFi
•
BT/BLE
•
GNSS
•
HiFi
Audio
•
Sensors
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Source: Apple, Fitbit, CTimes

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New
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Ambient Light + Proximity e-Compass

Crystal

Smallest and Thinnest 0.30mm 1.2x1.0x0.30mm

Smallest and Thinnest 1.6x1.2x0.55mm

High stability ±0.5ppm Smallest: 1.6x1.2x0.55mm XO Phase noise  -100dBc/Hz @ 10Hz; 2.5x2.0x0.75mm

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24

Small cell and Base Station, also part of TXC growth market segments

Ultra Stability ±3ppb Ultra Stability ±3ppb Stratum 3/3E Grade Stratum 3/3E

High stability ±100ppb Ultra Stability ±100ppb Stratum 3 Stratum 3

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Source: Infonetics
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Ultra Low Jitter 50fs Ultra Low Jitter  50fs High Frequency  700MHz Frequency up to 700MHz

Ultra Low Jitter 50fs Ultra Low Jitter  50fs High Frequency  800MHz Frequency up to 800MHz

Crystal High Stability ±10ppm High Stability ±10ppm Fund. Frequency  400MHz Frequency up to 400MHz 32kHz RTC High Stability ±5ppm High Stability ±5ppm Temperature Compensated Temperature Compensated

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25

In Automotive, TXC provides high reliability crystals and oscillators solutions comply with AEC-Q100 and 200

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standards
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ISO/TS 16949 Certified

Metal Can: -40~105ºC Glass: -40~150ºC Seam: -40~125ºC

Seam: -40~105ºC

Seam: -40~105ºC

Notes: G3:-40~85ºC / G2: -40~105ºC / G1: -40~125ºC / G0: -40~150ºC

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26

Connected car is the trend, such as V2V (Vehicle to Vehicle), ADAS (Advanced Driver Assisted System), TXC provides special designed TCXO at ± 0.5ppm stability with wider temperature of -40~105ºC

  • 802.11p

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New

High stability ±0.5ppm Smallest: 2.5x2.0x0.9mm

Source: Codha Wireless, NXP

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27

LED & PSS Market Trend

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Ref.: LED Forum, Epistar, Mar 25, 2015

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LED & PSS market keeps growth.
And no obvious replace tech. in short term.
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Ref.: LED inside, July, 2014

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2015 Business Strategy

2015 Strategy: Stable growth

  • 2015 major product is 4”PSS

  • Develop and start 6”wafer and PSS sale

  • Focus on Taiwan major customer and develop China market

  • Improve product quality, yield and manufacturing efficiency

  • Improve cost structure

  • 2015 4”PSS shipment target is 400k， YoY +100%

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Wafer, 5%
Others,
1%
Wafer,
12%
PSS, 87%
PSS, 95%
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Think of Frequency, Think of TXC

30

Product Size Roadmap

2015
2016
2017
Product Size
Seam = Seam seal
Glass = Glass Seal
MHz Crystal
1612 Glass
1210 (G2)
1210 Seam
1008 Crystal
1612 (G1)
2520 G1
2520 G2
2016 G2
MHz Crystal
Thermistor
1612 TSX
2016 TSX
■2016 ACAP TSX
KHz Crystal
RTC SOP04 (G2)
RTC 3225
VCXO
5032 (25~200MHz)
7050 (25~200MHz)
3225 (25~200MHz)
7050 (2 GHz)
5032 (2 GHz)
3225 (2 GHz)
TCXO
3225 (G2)
2520(G2)
2016(G2)
7050 S-3 (G2)
3225 S-3 (G2)
1612 (G2)
3225 (G1)
2520 (G1)
2016 (G1)
OCXO
1409 AT-Cut
9775 SC-Cut
7050 SC-Cut
2525 SC-Cut
3627 SC-Cut
Sensor
2520 PS+ALS(PA22A)
2520 PS(PA224)
4509 PS+ALS(PA233)
RGB Sensor
4509 PS+ALS (wide ALS)
Pulse Sensor
2425 6-Axis E-compass
1010 3-Axis E-compass
0808 3-Axis E-compass
Gas Sensor
Pressure
XO/MO/SO
3225 (G1)
2520 (G1)
1612 (G2)
5032 (G1)
2016 (G1)
1612 (G1)
5032 (G2)
3225 (G3)
2520 (G3)
2016 (G3)
■1612 (G1)
■1612 (G0)
■2016 (G0)
■2520 (G0)
■3225 (G0)
■3225 TCXO
~~1212 3-Axis E-compass~~
1616 3-Axis E-compass		 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017
2
2016
5032 (
3225 (
2520 (
2016 (		 1612 Gla
520 G2		 ss
201
■		 6 G2
1612 (G		 1
)
1)
1)
■3		 210 (G2)
12

z)

1612 (

225 (G0)		 10 Seam
16
■2016 (		 12 (G1)
G0)		 25
■1
■2520 (		 20 G1

G1)
2
70
Pulse
0808
612 (G0)
G0)		 1008 C
161		 rystal
Hz)
6 (G1)
ut
ompass
Sensor
2 (G1)
TSX
■2016 ACAP TS X
1612 T SX


3
G2)
G3)
G3)
G3)
RTC 3225
G2)
5032 (G1)
GHz)
G2)
S-3 (G2)
1612 (
+ALS (wid
sure

20		 G2)
3225 (
e ALS)
16 (G1)
RTC SOP
z)
z)
3225 (25
)
20(G2)
2
225 (G1)
 04 (G2)
~200MHz
70
016(G2)
2520 (G
5032 (2 5~200MH
 5032 (2 3225 (2 G
50 (2 GH
7050 (2

3627
25
 5~200MH
3225 (G2
25
252
SC-Cut
20 PS+A
450
2
1616 3-A
ut
9775

ass
■3225
~~E-com~~		 70
TCXO		 50 S-3 (
520 (G1)
3225
201
50 SC-C
Sensor
3-Axis E-c
Gas
SC-Cut
5 SC-Cut
RGB S

~~ss~~		 ensor
4509 PS
Pres
14
LS(PA22
9 PS+AL
425 6-Axi
~~1~~
xis E-com		 09 AT-C
A)
S(PA233)
s E-comp
~~12 3-Axi~~
pass

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31

Note： ■Automotive Products Think of Frequency, Think of TXC

Sapphire Product Roadmap

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Technology -wise Product -wise
New SSP Wafer
NPSS
(SiC, GaN)
Novel Wafer Process
A-Plan DSP BW
Buffer on PSS
C-Plan 6” PSS
Pitch 2.0
C-Plan 6” DSP BW
D29
C-Plan 6” SSP BW
D27, D28
2015 New Products
D26 C-Plan 4” PSS
C-Plan 2” PSS
C-Plan 4” SSP BW
Think of Frequency, Think of TXC 32
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33

Event Update

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2014.5 Ranked as the 310 [th] of 2000 manufacturers
01
by Commonwealth Magazine
2014.6 Release Corporate Responsibility Report
02
(GRI4.0)
2014.7 Rank “A++” of 11 [th] Information
03
Transparency Disclosure System
2014.11 Obtain Silver Award of Top 50 Taiwan
04
CSR Award
2015.4 Ranked within top 20% of 1 [st] Corporate
05 Governance Rankings
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34

Summary

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Revenue will grow gradually and stably. Price Pressure
01
incurs due to competition.
Gross margin is maintained and supposed to be
02
better than 2014.
New automotive, networking, Internet of things (IoT),
wearable device related products will bring new
03
business.
4G /LTE application is the major driving force for
04
high-end products along with big data mining.
New products develop continuously and will bring new
05 opportunity.
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35

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Thank you

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36

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