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TXC — Interim / Quarterly Report 2022
Jul 8, 2022
52274_rns_2022-07-08_675d506e-3a0d-4fd6-b88c-7734f9f5c47d.pdf
Interim / Quarterly Report
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TXC CORP. 晶技 (3042)
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TXC Confidential and Proprietary / Level B
Disclaimer
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Except for statements in respect of historical matters, the statements in this release are forwardlooking statements. Such 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 TXC to be materially different form what may be implied by such forwardlooking statements.
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The financial forecasts and forward-looking statements in the release reflect the current belief of TXC as of the date of this release and TXC undertakes no obligation to update these forecasts and forward-looking statements for events or circumstances that occur subsequent to such date.
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The statements in respect of historical matters may contain unaudited information, which may have certain deficiency or weakness so as not to fairly present financial condition or the results of operations of TXC.
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TXC Confidential and Proprietary
1
Sales & Shipping Records Steady & Organic Volume Growth
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Shipment
600 6
Revenue (Unit : Qty_B)
(Unit：USD$_M) Revenue (Million_USD) Shipments (Unit_B)
4.8
500 5
4.1 510
400 4
3.4 3.3
381
300 3
272 281
200 2
100 1
0 0
2018 2019 2020 2021
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TXC Confidential and Proprietary
2
Worldwide Timing Market Shares Strong Market Penetration
| Revenue (Million_USD) | Revenue (Million_USD) | Revenue (Million_USD) | Market Share (%) | Market Share (%) | |||
|---|---|---|---|---|---|---|---|
| 2019 Rank | 2020 Rank | Company Name | 2019 | 2020 | YoY% | 2019 | 2020 |
| 3 1 TXC $281 |
$381 | 36% 9.20% |
11.06% | ||||
| 1 2 Epson $355 |
$370 | 4% 11.70% |
10.74% | ||||
| 2 | 3 | NDK | $336 | $321 | -4.46% | 11.10% | 9.32% |
| 4 4 KCD(Kyocera) $257 |
$320 | 24.51% | 8.40% | 9.29% | |||
| 5 5 KDS $192 |
$209 | 8.93% | 6.30% | 6.07% | |||
| 6 6 Microchip (Vectron) $171 |
$179 | 4.91% | 5.60% | 5.21% | |||
| 10 7 SiTime $84 |
$116 | 38.10% | 2.80% | 3.37% | |||
| 9 8 Harmony $88 |
$106 | 20.90% | 2.90% | 3.08% | |||
| 8 9 Hosonic $89 |
$100 | 12.58% | 2.90% | 2.91% | |||
| 7 10 Murata $86 |
$98 | 13.97% 2.80% |
2.84% | ||||
| Other Companies $1,102 |
$1,245 | 13% 36.30% |
36.13% | ||||
| Total Revenue $3,041 |
$3,446 | 13% 100.00% |
100.00% |
Source: CS&A Sep. 2021
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TXC Confidential and Proprietary
3
Quarterly Performance Sales Revenues (exclude property sales)
| 4500 Sales Revenues (NT$ Million) |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
2019 NT$ 8,431M 2020 NT$ 11,048M 2021 NT$ 14,260M |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
(yoy +3.4%) (yoy +31.1%) (yoy +29.1%) |
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| ~~0~~ 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 , |
1,623 1,945 2,428 2,434 2,151 2,524 3,140 3,233 3,311 3,542 3,974 3,433 3,205 |
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| 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 |
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| Revenue(QoQ) | -24.8% | 19.9% | 24.8% | 0.3% | -11.6% | 17.3% | 24.4% | 3.0% | 2.4% | 7.0% | 12.2% | -13.6% | -6.6% |
| Revenue(YoY) | -13.2% | 4.5% | 7.1% | 12.8% | 32.5% | 29.7% | 29.3% | 32.8% | 53.9% | 40.3% | 26.6% | 6.2% | -3.2% |
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TXC Confidential and Proprietary
4
Quarterly Performance
Gross Margin (exclude property sales)
Gross Margin (%)
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| Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
Gross Profit (NT$ Million) 2019 NT$ 2,007M (yoy +9.8%) 2020 NT$ 3,333M (yoy +66.1%) 2021 NT$ 5,303M (yoy +59.1%) 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 Gross Profit(QoQ) -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3% 15.0% -18.9% -3.8% Gross Profit(YoY) -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4% 59.3% 27.4% -0.1% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19.Q1 19.Q2 19.Q3 19.Q4 20.Q1 20.Q2 20.Q3 20.Q4 21.Q1 21.Q2 21.Q3 21.Q4 22.Q1 |
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| Gross Profit(QoQ) | -30.1% | 34.3% | 30.9% | 2.9% | 4.3% | 17.8% | 27.4% | 1.4% | 22.7% | 11.3% | 15.0% | -18.9% | -3.8% |
| Gross Profit(YoY) | -18.1% | 9.9% | 16.5% | 26.6% | 88.7% | 65.6% | 61.1% | 58.7% | 86.8% | 76.4% | 59.3% | 27.4% | -0.1% |
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TXC Confidential and Proprietary
5
Quarterly Performance
Net Margin (exclude property sales)
Net Margin (%)
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| Net Income (NT$ Million) |
Net Income (NT$ Million) |
2019 NT$ 672M |
2020 NT$ 1,429M |
2021 NT$ 2,899M |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (yoy +4.3%) | (yoy +112.8%) | (yoy +102.8%) | ||||||||||
| 19.Q1 | 19.Q2 | 19.Q3 19.Q4 |
20.Q1 | 20.Q2 | 20.Q3 20.Q4 |
21.Q1 | 21.Q2 | 21.Q3 21.Q4 |
22.Q1 | |||
| Net Profit(QoQ) | -61.7% | 75.7% | 71.6% -5.6% |
16.1% | 43.7% | 13.4% -8.1% |
64.2% | 15.6% | 17.6% -21.0% |
-0.2% | ||
| Net Profit(YoY) | -7.5% | 17.9% | -3.0% 9.0% |
230.5% | 170.2% | 78.6% 73.9% |
146.0% | 97.8% | 105.1% 76.3% |
7.2% |
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TXC Confidential and Proprietary
6
Statements of Comprehensive Income
| Unit：NT$ in Million | 2018 | 2019 | 2020 | 2021 | 2022.Mar |
|---|---|---|---|---|---|
| Net Revenue | 8,156 | 8,431 | 11,048 | 15,245 | 3,217 |
| Gross Profit | 1,828 | 2,007 | 3,333 | 5,627 | 1,199 |
| Operating Profit | 533 | 632 | 1,618 | 3,475 | 667 |
| Non-Operating Items | 200 | 132 | 91 | 222 | 144 |
| Income before Tax | 733 | 765 | 1,709 | 3,697 | 811 |
| Net Income to Shareholders of the Parent Company |
644 | 672 | 1,429 | 3,117 | 670 |
| Basic EPS (NT$) | 2.08 | 2.17 | 4.61 | 10.06 | 2.16 |
| Gross Margin(%) | 22.4% | 23.8% | 30.2% | 36.9% | 37.3% |
| OPEX(%) | 15.9% | 16.3% | 15.5% | 14.1% | 16.5% |
| Operating Margin(%) | 6.5% | 7.5% | 14.6% | 22.8% | 20.8% |
| Income before Tax Margin(%) | 9.0% | 9.1% | 15.5% | 24.2% | 25.2% |
| Net Profit Margin(%) | 7.9% | 8.0% | 12.9% | 20.4% | 20.8% |
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TXC Confidential and Proprietary
7
Balance Sheet
| Unit：NT$ Million | 2018 | 2019 | 2020 | 2021 | 2022.Mar |
|---|---|---|---|---|---|
| Cash & Marketable Securities | 1,305 | 1,986 | 2,218 | 3,632 | 4,087 |
| NR+AR | 2,726 | 2,889 | 3,526 | 4,040 | 3,928 |
| Inventories | 1,817 | 2,039 | 2,817 | 2,639 | 2,753 |
| Current Assets | 7,117 | 7,945 | 9,588 | 11,370 | 11,855 |
| PP&E | 4,111 | 4,054 | 4,809 | 5,844 | 6,200 |
| Total Assets | 12,562 | 13,369 | 16,602 | 20,803 | 20,887 |
| Current Liabilities | 2,089 | 2,797 | 5,093 | 4,895 | 4,595 |
| Non-current Liabilities | 1,722 | 1,875 | 1,853 | 3,149 | 3,051 |
| Total Liabilities | 3,811 | 4,671 | 6,947 | 8,044 | 7,646 |
| Total Shareholders' Equity | 8,751 | 8,698 | 9,655 | 12,760 | 13,241 |
| A/R Turnover Days | 120 | 122 | 106 | 91 | 113 |
| Inventory Turnover Days | 96 | 110 | 115 | 104 | 122 |
| A/P Turnover Days | 74 | 85 | 85 | 78 | 90 |
| Current Ratio(%) | 340.7% | 284.1% | 188.2% | 232.3% | 258.0% |
| Debt Ratio(%) | 30.3% | 34.9% | 41.8% | 38.7% | 36.6% |
| Book Value Per Share(NT$) | 28.25 | 28.08 | 31.17 | 41.19 | 42.75 |
| ROA(%) | 5.0% | 5.2% | 9.5% | 16.7% | 12.9% |
| ROE(%) | 7.2% | 7.7% | 15.6% | 27.8% | 20.6% |
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TXC Confidential and Proprietary
8
EPS and DPS
High dividends payout
| EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
EPS and DPS High dividends payout |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unit: $NT |
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YEAR - 2.00 4.00 6.00 8.00 10.00 |
Earnings Per Share |
2018 2019 2020 2021 2.0 2.5 3.8 7.5 2018 2019 2020 2021 |
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| 2.2 2.2 2.2 2.5 2.5 2.8 2.5 Cash Dividends Per Share |
Cash Dividends Per Share |
2.0 2.5 3.8 7.5 |
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28 |
3.8 7. |
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| 2011 2012 2013 2014 2015 2016 2017 2011 2012 2013 2014 2015 2016 2017 |
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| Earnings Per Share | 3.48 | 3.79 | 3.02 | 3.21 | 3.03 | 3.28 | 3.11 | 2.08 | 2.17 | 4.61 | 10.06 | ||||||
| Cash Dividends Per Share |
2.2 | 2.2 | 2.2 | 2.5 | 2.5 | 2.8 | 2.5 | 2.0 | 2.5 | 3.8 | 7.5 | ||||||
| Stock Price | 43.6 | 46.0 | 43.6 | 39.9 | 41.1 | 44.5 | 39.0 | 36.0 | 44.0 | 99.8 | 98.0 | ||||||
| Payout Ratio(%) | 63.2 | 58.0 | 72.8 | 77.9 | 82.5 | 85.4 | 80.4 | **96.2 ** | 115.2 | 82.4 | 74.6 | ||||||
| Yields(%) | 5.1 | 4.8 | 5.1 | 6.3 | 6.1 | 6.3 | 6.4 | 5.6 | 5.7 | 3.8 | 7.7 | ||||||
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TXC Confidential and Proprietary
9
2022 Capital Expenditure
Amount: NT$ 268M
-
ACAP Crystal & XO
-
Equipment upgrade
Amount: NT$ 152M
-
High frequency & miniature Crystal
-
P6 Facilities
-
Automation
TETC
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NGB
Amount: NT$ 410M
-
IM blank capacity increase
-
Advanced process equipment
-
Facilities, server, & solar energy storage system installment
PCF
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Amount: NT$ 113M
-
High frequency & miniature Crystal
-
Product upgrade
CKG
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Total Amount : NT$ 943M
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TXC Confidential and Proprietary
10
Top Technology Trends Development & Opportunity
G ROWTH
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TXC Confidential and Proprietary
11
Plays a Significant Role in Providing Timing Solutions
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Crystal (Xtal) U U Oscillator (XO)
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Clock Reference/Generation Clock Synchronization/Attenuation
5G NR Interface Access
GPS GPU/MCU Front/Mid/Backhau
Wi-Fi 6/BT CPU PMIC l
U NFC DRAM Core
UWB USB IDC
SyncE & IEEE 1588 Optical Module
RF Modules Electronic Devices Network Infrastructure & Advanced Equipments
U
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TXC Confidential and Proprietary
12
Requirement In Network Ecosystem
AIoT Devices (3-10 PCS)
(5-15 PCS) 5G PC/Computing Devices
5G PC/Computing Devices (3-8 PCS) Test Equipment (2-6 PCS) 5G CPE 5G Smart Phone Connected (3-8 PCS) (4-8 PCS) EV (100-150 PCS) Anything Low Orbit Satellite to Small Cell Always On, Always Connected
Low Orbit Satellite
Small Cell AAU IDC
PCS: Crystal/XO units usage per devices/systems
5G Infrastructure & O-RAN (30-60 PCS)
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TXC Confidential and Proprietary
13
Overall Vehicle Market Trend
Unit : Million
| 0 20 40 60 80 100 |
0% 10% 20% 30% 40% 50% 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Electric Vehicle Gasoline Vehicle EV(%) of Total Vehicle Sales Prediction of CAGR for Electric Vehicle in the next coming decade (2021-2030) 30% penetration rate of Electric Vehicle in total Vehicle sales by 2030 40% 5.2% 17% 40% Source: Canalys estimated, Jan 2021, DIGITIMES Research, AlixPartners, etc. |
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The Comprehensive Automotive Ecosystem
PCS: Crystal/XO Units per vehicle
T oward Mobile Smart Computer Electric Vehicle (100-150 PCS) (Battery, Motor, Control & Charging) (Active & Passive) Safety Systems Communication AI & Information Security Software Applications
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Satellite
Gasoline Vehicle (60-100 PCS) (Electronization)
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Base Station 5G NR
Connectivity for Vehicle Access & Control
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Note: Reference to AVG 30 PCS of Usage in Traditional Vehicle
Network Infrastructure
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Automotive Applications Growth Focus
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EV
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V2X
ADAS
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Modularization
System Integrated
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DSRC
C-V2X
5G NR
GNSS
40-50% of New Vehicles
before 2030 will be equipped
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Innovation
Branding
Software
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30-40 of Sensors
30% of CAGR in the next coming decade EV Applications BMS Converter Inverter Charging Station
for Level 4/5 development
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Infrastructure Vehicles Pedestrians Devices Smart Home
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Ultrasonic Camera Long/Short Lidar Long/Short Radar Thermal Imaging
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Intelligence of Things Ecosystem Solutions
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Always
Satellite
Connected
5G NR
(Sub-6GHz &
5G AAU & Small Cell mmWave)
CPE Router
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Live Navigation GPS, Maps, Traffic Alerts Smart Remote Control Industry, City, Home, Healthcare Big Data Exchange Entertainment, Data Access Devices Connectivity Wearable, AIoT, Automotive
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AIoT Devices
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~~H~~ IGH Frequency Accuracy & Stability
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MHz Crystal
TSX (TH+Xtal) XO (CMOS/Differential/PLL) PJ@12k – 20MHz, 0.05 – 0.3 ps Low EMI CMOS XO
Miniature, 1.0 x 0.8 (mm) Miniature, 1.6 x 1.2 (mm) 1612 1210 1008 8 – 320 MHz 19.2 – 76.8MHz (Next 0806)
TCXO (CMOS/Clipped) PN@100kHz, -166 dBc/Hz Stability, ±0.5 ppm
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Network Infrastructure Solutions
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Data Center
AAU (Servers/Storages)
CU Core/Aggregation
(Switches/Routers)
DU
Cloud Service
Small Cell on Internet
NR
Optical Module
Edge Cloud (PAM4 100/200/400G)
Operations
(Optical & Electrical)
Network Interface Cards
Stratum 3E Phase Jitter@12k - 20MHz, 0.05 ps
OCXO VCXO
ThermSym [[TM]] , ±10 ppb Phase Noise@10Hz, -80dBc/Hz
L
S3TCXO Stratum 3 [T ] Diff XO Phase Jitter@12k - 20MHz, 0.05 ps
Stability, ±100 ppb R Frequency up to 2.1GHz
A
Stratum 3 Phase Jitter@12k - 20MHz, 0.3 ps
VCTCXO CMOS XO
Stability, ±280 ppb Optimized Design per Applications
High Low
Stability PJ & PN
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Phase Jitter@12k - 20MHz, 0.05 ps Phase Noise@10Hz, -80dBc/Hz
Stratum 3E OCXO ThermSym[[TM]] , ±10 ppb L[T ] S3TCXO Stratum 3 R Stability, ±100 ppb A Stratum 3 VCTCXO Stability, ±280 ppb
Phase Jitter@12k - 20MHz, 0.05 ps Frequency up to 2.1GHz
Phase Jitter@12k - 20MHz, 0.3 ps Optimized Design per Applications
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Automotive Main Applications Deployment
Device Connectivity IVI System Instrument Cluster (Wi-Fi, BT, UWB, etc) Smart Cockpit Interior Control Unit Connected Car AI Applications (5G/LTE, V2X, GNSS, etc) Smart Key Infotainment Communication Security 15-25 PCS 8-20 PCS 20-30 PCS T Power Steering EV Applications Camera P Breaking System BMS, OBC, Inverter Radar/Lidar M Safety Electric Vehicle ADAS S 10-15 PCS 8-12 PCS 10-16 PCS 5 PCS PCS: Crystal/XO Unit
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eliability with AEC-Q100/200 & Other Specified Compliances
Seam Crystal Glass Crystal TSX 1.6 x 1.2 – 5.0 x 3.2 (mm) 2.0 x 1.6 – 8.0 x 4.5 (mm) 2.0 x 1.6 – 2.5 x 2.0 (mm) G3 – G1 G3 – G0 G3 – G2
XO TCXO 1.6 x 1.2 – 5.0 x 3.2 (mm) 2.0 x 1.6 – 3.2 x 2.5 (mm) G3 – G1 G3 – G2 Low EMI One Cavity Version
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5G Main Applications Key Projects
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AEC-Q100/200
TSX
OCXO, 1409/9775
Seam Glass TSX
Mobile
2520 2016 Infra structure Automotive
Communication
VCTCXO, MA384 CMOS XO
1612 1210
S3TCXO TCXO
MHz Crystal
Smart Optical CMOS XO Data
3225 2520 2016 Connectivity Diff XO, 3225/2520 Module Computing
Diff XO
1210 1008(Next 0806)
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