VPEC — Investor Presentation 2020

Nov 26, 2020

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Trend and Prospect of the Third- Generation Semiconductor Materials Visual Photonics Epitaxy Co., Ltd World-class leading edge with MOCVD

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Outline

� 1. Company Status

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� 2. Core Technology
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� 3. VPEC Technology and Opportunity � 4. GaN Market and Technology � 5. 2021 Outlook

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Outline

� 1. Company Status

� 2. Core Technology

� 3. VPEC Technology and Opportunity � 4. GaN Market and Technology � 5. 2021 Outlook

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VPEC Proprietary and Confidential

Introduction

• Founded in November 1996

• Factory: Ping-Jen Dist., Taoyuan City, Taiwan

• Factory Area: Building A: 10,000 sqm. Building : ,B 6 600 sqm.

• Capital: NT$ 18.5 billion yuan.

• Employees: 254 employees ( R&D

• >10%)

• US office: Los Angeles, CA

• ～

• � Product: 2” 6” Epi wafer

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Outline

� 1. Company Status � 2. Core Technology

� 3. VPEC Technology and Opportunity � 4. GaN Market and Technology � 5. 2021 Outlook

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Core Technolo gy

Production MOCVD Metal Organic Chemical Vapor Deposition Reactor

Through the organic metal chemical vapor deposition method, the W ay o t sem con i d uc or t fil m s grown on e su i th b s ra e, an t t d th e ep it ax a i l Produce layer is accurately controlled through the real-time monitoring of the machine to complete the production of epitaxial wafers for different products such as gallium arsenide and indium phosphide. The epitaxial layer is heated by MOCVD in the cavity of the Production substrate, and an atomic layer is stacked layer by layer to form an Principle epitaxial layer.

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Outline

� 1. Company Status

� 2. Core Technology

� 3. VPEC Technology and Opportunity

� 4. GaN Market and Technology

� 5. 2021 Outlook

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Leadershi in E i Technolo p p gy

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GaN/Si, GaN/SiC
(base station/small cell)
InP PHEMT
(mobile)
4” ~ 6” 4” ~ 6”
4” InP HBT BiHEMT/BiFET BiHEMT/BiFET
4” pHEMT 4” pHEMT 6” pHEMT 6” PHEMT
4” GaAs HBT 4” GaAs HBT 6” GaAs HBT 6” GaAs HBT
2G/GSM 3G 4G What’s Next: 5G
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nics
o
Microelectr
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VPEC is Read for Next Trend y

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Outline

� 1. Company Status

� 2. Core Technology

� 3. VPEC Technology and Opportunity

� 4. GaN Market and Technology

� 5. 2021 Outlook

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Advanta es of third- eneration semiconductors g g

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Ref.兩岸第三代半導體供應鏈整合與崛起: 新科顧問 (2020)

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GaN Technolo gy

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The market share of LDMOS is gradually decreasing, and GaN radio frequency components will occupy the main body of radio frequency front-end. Since LDMOS cannot support higher frequencies, GaN devices are expected to be used in most macro network unit applications in the future. In the application of millimeter wave, GaN also has a great advantage. Under the same coverage area and user positioning function, it can reduce the number of receiving and receiving channels and reduce the size of the original PA.

Ref. 射頻PA革新不止，萬物互聯廣褒無限: 華西證券(2020)

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GaN Technolo gy

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Ref.兩岸第三代半導體供應鏈整合與崛起: 新科顧問 (2020)

Application of high voltage resistance: SiC advantage Hi h fr n hi h current densi GaN g eque cy/ g ty:

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GaN Main A lication Markets pp

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Ref.兩岸第三代半導體供應鏈整合與崛起: 新科顧問 (2020)

Microwave RF market: Obtain the excellence performance of GaN at high frequencies.

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GaN E itax Technolo p y gy

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Ref.兩岸第三代半導體供應鏈整合與崛起: 新科顧問 (2020)

Microwave Radio Frequency Market (Base station):

. Above 2 GHz: GaN/SiC is currently the mainstream product. (4~6 inch wafer)

. Below 2 GHz: GaN/Si has a cost advantage. (6 inch wafer)

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GaN brin s new o timization solutions g p

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Ref.兩岸第三代半導體供應鏈整合與崛起: 新科顧問 (2020) Microwave RF market: compared with LDMOS, the operating frequency is increased by more than twice. 16

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Third-generation semiconductor: RF-GaN Market size

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Compound annual growth rate: 12% mainly grown into a base station and military. 17

Ref. GaN RF market: applications, players, technology, and substrates, Yole Développement(2020)

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Outline

� 1. Company Status

� 2. Core Technology � 3. VPEC Technology and Opportunity � 4. GaN Market and Technology � 5. 2021 Outlook

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2021 Outlook

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5G mobile phone penetration rate WiFi6 & WiFi6E
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IoT Smart Link
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Microelectronics
Automotive PA 5G millimeter wave base station PA Defense industry Low-orbit satellite LNA
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2021 Outlook

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3D Sensing
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5G Base station infrastructure

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Optoelectronics
Intelligent machine vision
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LiDAR for vehicles

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