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TXC Investor Presentation 2021

Sep 27, 2021

52274_rns_2021-09-27_350f38ba-c6d1-4efc-bdf0-2bab4efe6f87.pdf

Investor Presentation

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Investor Conference September 27[th] , 2021

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TXC Confidential and Proprietary

Disclaimer

  • 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 cause the actual financial condition or may performance,

  • results of operations of TXC to be materially different form what may be implied by such forwardlooking statements.

  • 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.

  • 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

Agenda 14:30~16:00

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Topic
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Introduction Financial Performance Top Technology Trends

Q & A

Presenter

Peter Lin, Chairman Vivien Hung, Chief Financial Officer Kevin Guo, General Manager Peter Lin, Chairman

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TXC Confidential and Proprietary

2

Financial Performance P&L, EPS, DPS, CAPEX

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TXC Confidential and Proprietary

3

Sales & Shipping Records Steady & Organic Volume Growth

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ASP
Revenue ; Shipment
(Unit: NT$)
(Unit：NT$ B; PCS B)
16 Revenue (NT$_B) Shipment (Unit_B) ASP(NT$) 4
14
12 3
11.0
10
8.2 8.4
8 2
6 > 4.7
4.1
3.4 3.3
4 1
2
0 0
2018 2019 2020 2021(F)
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TXC Confidential and Proprietary

4

Quarterly Performance

Sales Revenues (exclude property sales)

2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2018
NT$ 8,156M
(yoy -7.1%)
Sales Revenues
(NT$ Million)
2019
NT$ 8,431M
(yoy +3.4%)
2020
NT$ 11,048M
(yoy +31.1%)		 2021’H1
NT$ 6,853M
(yoy +46.6%)		 2021’H1
NT$ 6,853M
(yoy +46.6%)
18.Q1 18.Q2 18.Q3 **18.Q4 ** 19.Q1 19.Q2 19.Q3 19.Q4
20.Q1
20.Q2
20.Q3
20.Q4		 21.Q1
21.Q2
Revenue(QoQ) -17.6% -0.4% 21.8% -4.8% -24.8% 19.9% 24.8% 0.3% -11.6% 17.3% 24.4% 3.0% 2.4% 7.0%
Revenue(YoY) -12.4% -11.9% 0.0% -4.9% -13.2% 4.5% 7.1% 12.8% 32.5% 29.7% 29.3% 32.8% 53.9% 40.3%

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TXC Confidential and Proprietary

5

Quarterly Performance

Quarterly Performance Quarterly Performance Quarterly Performance Quarterly Performance Quarterly Performance Quarterly Performance Quarterly Performance Quarterly Performance Quarterly Performance Quarterly Performance Quarterly Performance Quarterly Performance Quarterly Performance
Gross Profit
(NT$ Million)
Gross Margin
(%)
2018
NT$ 1,828M
(yoy -16.4%)
2019
NT$ 2,007M
(yoy +9.8%)
2020
NT$ 3,333M
(yoy +66.1%)
Gross Margin (exclude property sales)
18.Q1 18.Q2 18.Q3 18.Q4 19.Q1 19.Q2 19.Q3 19.Q4
20.Q1
20.Q2
20.Q3
20.Q4		 21.Q1
21.Q2
Gross Profit(QoQ) -22.4% 0.1% 23.6% -5.3% -30.1% 34.3% 30.9% 2.9% 4.3% 17.8% 27.4% 1.4% 22.7% 11.3%
Gross Profit(YoY) -31.3% -19.2% -4.2% -9.1% -18.1% 9.9% 16.5% 26.6% 88.7% 65.6% 61.1% 58.7% 86.8% 76.4%

Gross Margin (%)

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TXC Confidential and Proprietary

6

Quarterly Performance Net Margin (exclude property sales)

Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)		 Net Margin
(%)
Net Income
(NT$ Million)
2018
NT$ 644M
(yoy -33.1%)
2019
NT$ 672M
(yoy +4.3%)
2020
NT$ 1,429M
(yoy +112.8%)
Net Margin (exclude property sales)
18.Q1 18.Q2 18.Q3 18.Q4 19.Q1 19.Q2 19.Q3 19.Q4
20.Q1
20.Q2
20.Q3
20.Q4		 21.Q1
21.Q2
Net Profit(QoQ) -65.8% 37.9% 108.7% -16.0% -61.7% 75.7% 71.6% -5.6% 16.1% 43.7% 13.4% -8.1% 64.2%
15.6%
Net Profit(YoY) -73.8% -31.3% 6.4% -17.5% -7.5% 17.9% -3.0% 9.0% 230.5% 170.2% 78.6% 73.9% 146.0% 97.8%

Statements of Comprehensive Income

Unit：NT$ in Million
2015
2016
2017
2018
2019
2020		 2021'H1
Net Revenue
9,266
9,637
8,782
8,156
8,431
11,048
Gross Profit
2,235
2,554
2,186
1,828
2,007
3,333
Operating Profit
908
1,114
802
533
632
1,618
Non-Operating Items
179
78
273
200
132
91
Income before Tax
1,088
1,192
1,075
733
765
1,709
Net Income
to Shareholders of the Parent Company
938
1,016
963
644
672
1,429
Basic EPS (NT$)
3.03
3.28
3.11
2.08
2.17
4.61		 7,652
2,783
1,751
77
1,828
1,552
5.01
Gross Margin(%)
24.1%
26.5%
24.9%
22.4%
23.8%
30.2%
OPEX(%)
14.3%
14.9%
15.8%
15.9%
16.3%
15.5%
Operating Margin(%)
9.8%
11.6%
9.1%
6.5%
7.5%
14.6%
Income before Tax Margin(%)
11.7%
12.4%
12.2%
9.0%
9.1%
15.5%
Net Profit Margin(%)
10.1%
10.5%
11.0%
7.9%
8.0%
12.9%		 36.4%
13.5%
22.9%
23.9%
20.3%

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TXC Confidential and Proprietary

8

Balance Sheet

Unit：NT$ Million
2015
2016
2017
2018
2019
2020		 2021'H1
Cash & Marketable Securities
2,728
2,093
2,331
1,305
1,986
2,218
NR+AR
2,924
3,085
2,651
2,726
2,889
3,526
Inventories
1,534
1,520
1,504
1,817
2,039
2,817
Current Assets
8,574
8,818
7,983
7,117
7,945
9,588
PP&E
4,570
4,278
4,370
4,111
4,054
4,809
Total Assets
15,580
14,842
13,403
12,562
13,369
16,602
Current Liabilities
3,445
3,156
2,277
2,089
2,797
5,093
Non-current Liabilities
1,397
1,913
1,961
1,722
1,875
1,853
Total Liabilities
4,841
5,069
4,238
3,811
4,671
6,947
Total Shareholders' Equity
10,739
9,773
9,165
8,751
8,698
9,655		 2,858
3,839
2,849
10,626
5,165
18,230
6,386
1,612
7,998
10,232
88
106
78
166.4%
43.9%
33.03
A/R Turnover Days
116
114
119
120
122
106
Inventory Turnover Days
83
79
84
96
110
115
A/P Turnover Days
57
65
73
74
85
85
Current Ratio(%)
248.9%
279.4%
350.6%
340.7%
284.1%
188.2%
Debt Ratio(%)
31.1%
34.2%
31.6%
30.3%
34.9%
41.8%
Book Value Per Share(NT$)
34.67
31.55
29.59
28.25
28.08
31.17
ROA(%)
6.4%
6.7%
6.8%
5.0%
5.2%
9.5%
ROE(%)
9.6%
9.9%
10.2%
7.2%
7.7%
15.6%		 17.8%
31.2%

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TXC Confidential and Proprietary

9

EPS and DPS

High dividends payout

EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t		 EPS and DPS
Hih diidd t
Unit: $NT g vens payou

YEAR
0
0.5
1
1.5
2
2.5
3
3.5
4
4.5
5		 Ei P Sh Ch Diidd P Sh
2.2
2.2
2.2
2.5
2.5
2.8
2.5
2.0
2.5
3.8
arnngs er are
as vens er are
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Earnings Per Share 3.48 3.79 3.02 3.21 3.03 3.28 3.11 2.08 2.17 4.61
Cash Dividends Per
Share		 2.2 2.2 2.2 2.5 2.5 2.8 2.5 2.0 2.5 3.8
Stock Price 43.6 46.0 43.6 39.9 41.1 44.5 39.0 36.0 44.0 99.8
Payout Ratio(%) 63.2 58.0 72.8 77.9 82.5 85.4 80.4 **96.2 ** 115.2 82.4
Yields(%) 5.1 4.8 5.1 6.3 6.1 6.3 6.4 5.6 5.7 3.8

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TXC Confidential and Proprietary

10

2021 Capital Expenditure

Amount: NT$1,310M

  • Facilities (clean room & related)

  • Advanced process

  • MEMS

  • Miniature SMD Crystal & XO

Unit : NT$ Million

Amount: NT$140M

  • Miniature SMD Crystal

  • Product upgrade

Amount: NT$1,140M

  • Miniature SMD Crystal

  • ACAP

Total Amount: NT$2,590M

The project budgets for MEMS and Advanced process are NT$1,000~1,100M。

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TXC Confidential and Proprietary

11

Timing Market Overview Importance, Ranking, and TXC’s Sales breakdown

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TXC Confidential and Proprietary

12

Plays a Significant Role in Providing Timing Solutions

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Crystal (Xtal) U Oscillator (XO)
Clock Reference/Generation Clock Synchronization/Attenuation
5G NR Interface Access
GPS GPU/MCU Front/Mid/Backhaul
Wi-Fi 6/BT CPU PMIC Core
U NFC DRAM IDC
UWB USB Optical Module
SyncE & IEEE 1588
RF Modules Electronic Devices Network Infrastructure & Advanced Equipments
U
U
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Access
Front/Mid/Backhaul
Core
IDC
Optical Module
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TXC Confidential and Proprietary

13

Worldwide Timing Market Shares Strong Market Penetration

~~FACTs~~

~~ACTs~~
 ~~ACTs~~
 ~~ACTs~~
 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 draft

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TXC Confidential and Proprietary

14

Timing Market Sales Comparison

Unit: NTD B

==> picture [930 x 400] intentionally omitted <==

----- Start of picture text -----

2019 2020
14.0 +31.0% -4.8% +8.7%
12.0 11.0
11.0 10.5
10.0
8.5
8.4
7.9
8.0
6.0 +14.9% +12.7% +5.4% +3.4% +8.8% +25.1% +24.7%
4.0 3.0
2.6 2.3 2.6 2.0 2.1 2.5 2.8 1.7
2.0 1.5 1.6 1.4 0.9 1.1
-
TXC HELE SIWARD TST TAITIEN NDK KDS TKD FCTC ECEC
20'H1 21'H1
10.0
+46.6%
8.0
6.9 +25.4% +43.1%
5.5
6.0 5.1
4.7
4.4 +131.4% +130.8% +44.1%
4.0 +28.9% +33.9% +27.0% +34.1% 3.6
2.4
1.7
2.0 1.3 1.2 1.6 1.1 1.3 0.7 1.0 1.1 0.6 1.4 0.7
0.5
-
TXC HELE SIWARD TST TAITIEN NDK KDS TKD FCTC ECEC
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Source: public financial statements information of each company

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TXC Confidential and Proprietary

15

TXC’s Revenue by Market Segments

Actual and Forecast (F)

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OTHERS
AEC-Q100/200,
10% 8% AUTOMOTIVE
Crystal, XO, TCXO
Crystal, XO,
IoT
TCXO 8%
5%
12%
MOBILE
7%
30%
COMMUNICATION
28%
2020 TSX, TCXO,
MOBILE COMPUTING 16% 16% Sensors
Crystal, XO
32%
2021(F)
HF Crystal & HF VCXO
28% NETWORKING Stratum 3 TCXO
OCXO
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TXC Confidential and Proprietary

16

TXC’s Revenue by Products

Actual and Forecast (F)

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PS, ALS+PS,
SENSOR OTHERS
Color PS
1% [6%]
GNSS 4G/5G &
TCXO 7%
5G Infrastructure
8%
1%
All 5G 5%
XO 8%
Scenarios
All Applications in
9% 62% CRYSTAL
Network Ecosystem
2020 64%
13%
TSX 16%
GNSS
4G/5G 2021(F)
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TXC Confidential and Proprietary

17

Top Technology Trends Development & Opportunity

~~G~~ ROWTH

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TXC Confidential and Proprietary

18

Requirement

AIoT Devices (3-10 PCS)

In Network Ecosystem

(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 (4-8 PCS) EV (100-150 PCS) Anything to Always On, Always Connected

(3-8 PCS)

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Low Orbit Satellite

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Small Cell

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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

19

Market Trend from 2021 to 2024

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2021 2022 2023 2024
Key Segments CAGR
YoY , %
28% 31%
15%
Infrastructure 8% 24%
25%
19%
18%
Networking 15% 20%
37%
30%
25% 23%
Automotive 30%
77%
34%
31%
Mobile Phone 22% 31%
500kk
(5G Version) 670kk 920kk 1,118kk
23% 22% 23%
Consumer 20% 21%
-1.2%
-2.5% -1.8%
Computing -3.2% -2%
----- End of picture text -----

Source: CANALYS, Omdia, DIGITIMES Research, Small Cell Forum, 中國營運商年報, 工信部 2021, LIGHTCOUNTING, www.grandviewreaserch.com, etc.

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TXC Confidential and Proprietary

20

Electric Vehicle (EV) 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

Satellite

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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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ADAS EV
Modularization
System Integrated
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V2X

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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 for Level 4/5 development

30% of CAGR in the next coming decade EV Applications BMS Converter Inverter Charging Station

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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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Product Solutions

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Intelligence of Things Ecosystem Solutions

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Live Navigation
Always
Satellite
Connected GPS, Maps, Traffic Alerts
Smart Remote Control
5G NR
(Sub-6GHz & Industry, City, Home, Healthcare
5G AAU & Small Cell mmWave)
Big Data Exchange
Entertainment, Data Access
CPE Router
Devices Connectivity
Wearable, AIoT, Automotive
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AIoT Devices

~~H~~ IGH Frequency Accuracy & Stability

MHz Crystal Crystal

MHz Crystal Crystal TSX (TH+Xtal) XO (CMOS/Differential/PLL) Miniature, 1.0 x 0.8 (mm) Miniature, 1.6 x 1.2 (mm) PJ@12k – 20MHz, 0.05 – 0.3 ps 1612 1210 1008 8 – 320 MHz 19.2 – 76.8MHz Low EMI CMOS XO (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
Stratum 3 T Phase Jitter@12k - 20MHz, 0.05 ps
S3TCXO Diff XO
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 Stratum 3 S3TCXO 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 Solutions

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Device Connectivity (Wi-Fi, BT, UWB, etc) Connected Car (5G/LTE, V2X, GNSS, etc)

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

XO

TCXO

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

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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Deployment in 5G & Automotive Ecosystem

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AEC-Q100/200
TSX
OCXO, 1409/9775
Seam Glass TSX
Mobile
2520 2016 Infrastructure 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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ESG Commitments

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Environmental

Social

Governance

  • ISO 14064 Greenhouse Gas Emissions verification.

  • PAS 2050 Product Carbon Footprint verification.

  • Five-year rolling plans of carbon reduction and offset initiatives to achieve longterm Carbon Neutral.

  • Employee Volunteering Program and TXC Foundation dedicated to schools, community and charity organizations.

  • Employee safety, health and human rights come first.

  • Maintain the integrity, trust and responsibility in all relationship.

  • 5% or 6~20% top position listed in Corporate Governance Assessment required by Financial Supervisory Commission.

  • Annual CSR Report.

  • ESG Committee directly led by chairman.

To enforce the corporate sustainability and communicate with stakeholders clearly, we redefined existing CSR Committee to ESG Committee which is organized by executives leadership team, reports to the board directly, and will work with Risk Management Committee as well.

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