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VPEC Investor Presentation 2026
52095_rns_2026-05-26_e579df8a-e74d-4670-b43e-eefde80ff7c8.pdf
Investor Presentation
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1
Company Profile
World-class leading edge with MOCVD
VPEC
Core Technology
MOCVD（有機金屬氣相沉積法）
- Metal Organic Chemical Vapor Deposition
VPEC
Core Technology
Production Reactor
MOCVD Metal Organic Chemical Vapor Deposition
Way to Produce
Through the organic metal chemical vapor deposition method, the semiconductor film is grown on the substrate, and the epitaxial layer is accurately controlled through the real-time monitoring of the machine to complete the production of epitaxial wafers for different products such as GaAs、InP and GaN.
Production Principle
The epitaxial layer is heated by MOCVD in the cavity of the substrate, and an atomic layer is stacked layer by layer to form an epitaxial layer.
VPEC
Semiconductor (by Material)
| Period | Column II | III | IV | V | VI |
|---|---|---|---|---|---|
| 2 | Be 鍍 | ||||
| Beryllium | B 硼 | ||||
| Boron | C 碳 | ||||
| Carbon | N 氮 | ||||
| Nitrogen | O 氧 | ||||
| Oxygen | |||||
| 3 | Mg 鎂 | ||||
| Magnesium | Al 鉛 | ||||
| Aluminum | Si 矽 | ||||
| Silicon | P 磷 | ||||
| Phosphorus | S 硫 | ||||
| Sulfur | |||||
| 4 | Zn 鋅 | ||||
| Zinc | Ga 鎳 | ||||
| Gallium | Ge 錯 | ||||
| Germanium | As 砷 | ||||
| Arsenic | Se 硒 | ||||
| Selenium | |||||
| 5 | Cd 鎂 | ||||
| Cadmium | In 銅 | ||||
| Indium | Sn 鉻 | ||||
| Tin | Sb 鉻 | ||||
| Antimony | Te 磷 | ||||
| Tellurium | |||||
| 6 | Hg 汞 | ||||
| Mercury | Tl 鉛 | ||||
| Thallium | Pb 鉛 | ||||
| Lead |
二元化合物 Binary : GaAs, InP, GaP,GaN, etc.
三元化合物 Ternary : InGaAs, InGaP, AlGaAs, etc.
四元化合物 Quaternary : AlGaInP, InGaAsP, etc.
五元化合物 Pentanary : AlGaInAsN, etc.
VPEC
Chemical Reaction During Epitaxy
$$
\mathrm{Ga}(\mathrm{CH}_3)_3 + \mathrm{AsH}_3 \longrightarrow \mathrm{GaAs} + \mathrm{CH}_4
$$
化學反應式：
$$
\mathrm{In}(\mathrm{CH}_3)_3 + \mathrm{PH}_3 \longrightarrow \mathrm{InP} + \mathrm{CH}_4
$$
主要原物料：
MO Source + Hydride + Carrier Gas : H2
| TEAl : Tri-ethyl-Aluminum (C₂H₅)₃Al | AsH₃ : Arsine |
|---|---|
| TMGa : Tri-Methyl-Gallium (CH₃)₃ Ga | PH₃ : Phosphine |
| TMIn : Tri-Methyl-Indium (CH₃)₃In | SiH₄ : Silane |
| DETe : Di-ethyl-Tellurium (C₂H₅)₂Te | Si₂H₆ : Disiline |
| DEZn : Di-ethyl-Zinc (C₂H₅)₂Zn | H₂Se : Hydrogen Selenide |
| CP₂Mg : Bis (cyclo-penta-dienyl) Magnesium 環戊二烯鎂 | CBr₄ : Carbon Tetrabromide |
TMAl Tri - Methyl - Aluminum $(\mathrm{CH}_3)_3\mathrm{Al}$
三甲基 鋁
$\mathrm{CH}_3 - \mathrm{Al} - \mathrm{CH}_3$
$\mid$
$\mathrm{CH}_3$
VPEC
Advantages of Compoundsemiconductor
- High Electron Mobility (5.7x higher than CMOS)
- High Frequency Response
- Wide Band Width
- High Linearity
- High Power
- Alternative Choice of Material
- Anti-radiation
適用於微電子產品－HBT、pHEMT、BiHEMT、GaN on XX
光電子產品－PIN（PD、APD）、VCSEL、LD、SC、CW-Laser、GaN on XX
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VPEC
GaAs in Wireless Communication Supply Chain
Sumitomo, Freiberger, AXT
2~6 "GaAs Substrate
GaAs Epi- Wafer
磊晶片
MOCVD Reactor
VPEC is a Pure
Epi Provider
IDM: Qorvo, Skyworks
Fabless : Avago,
Qualcomm, Richwave,
Microelectronics
IC Process
Wireless
Communication
Foundry :
WIN, AWSC
IC Package & Testing
VPEC
Optoelectronic Products Industry Supply Chain
AXT, Freiberger, JX
2~4 "InP Substrate
InP Epi- Wafer
磊晶片
Optoelectronics
IC Process
Al Data center
MOCVD Reactor
VPEC is a Pure Epi Provider
Optical Transceiver
VPEC
2023-2026 Q1 Financial Result
| 2026 Q1 | % | 2025 | % | 2024 | % | 2023 | % | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 959,310 | 100% | 3,380,143 | 100% | 3,241,217 | 100% | 2,694,104 | 100% |
| Gross margin | 365,431 | 38% | 1,219,726 | 36% | 1,278,964 | 39% | 1,108,914 | 41% |
| Operating Profit | 226,651 | 24% | 669,263 | 20% | 721,214 | 22% | 542,069 | 20% |
| Non-operating income & expense | 16,944 | 2% | -1,912 | 0% | 96,460 | 3% | -347 | 0% |
| Tax | -48,510 | -5% | -119,409 | -4% | -146,619 | -5% | -91,490 | -3% |
| Net income | 195,085 | 20% | 547,942 | 16% | 671,055 | 21% | 450,232 | 17% |
| EPS | 1.06 | 2.97 | 3.63 | 2.43 |
VPEC
2026 Outlook
01
5G Mobile Penetration
Wireless RF
02
WiFi 7
03
V2X
04
IoT Smart Link (4G PA)
VPEC Proprietary and Confidential
VPEC
2026 Outlook
01
Data Center High Speed Connectivity
PD for 800G VCSEL for 400G & 800G
02
3D-sening
VCSEL / PD
03
AR/VR
VCSEL
Opto electronics
04
機器視覺
LEO Solar Cell
P-sensor、3D Sensing、ToF
UAV
AI glass
HAMR HDD
Awakening the AI Terminals: Sense, Compute, Move
VPEC
AI glass
Micro LED
Wi-Fi 7
ToF
AI datacenter
CW-laser
VCSEL
PD
Drone
Solar Cell
Wi-Fi 7
Source: Copilot
VPEC Proprietary and Confidential