A Message from the Chairman

In the face of challenges such as frequent geopolitical conflicts, rising inflation, intensifying climate change, and increasingly fierce industry competition, we’ve leveraged our keen market insight and unending pursuit of technological innovation to expand global operations and accelerate low-carbon transformation to better respond to these challenges and ensure we maintain a competitive advantage. Our revenue in 2024 was NT$110.2 billion, surpassing the NT$100 billion mark for the second consecutive year and demonstrating our consistency in business performance. I would like to thank all of our employees, customers, suppliers, investors, and partners for your trust and support, enabling us to continue creating value and expand the scope of our influence. 

To accelerate our digital and low-carbon transformation, we’ve established cross-functional teams and resource-sharing mechanisms to better align ourselves with technology, product, and business development needs. Business units conduct in-depth reviews of strategies and goals at each stage, with the ultimate goal being to improve our competitiveness and market position and ensure the continued development and growth of our technologies, product and service offerings, and market scale. We are always looking to innovate as well as optimize our products and services, which cover infrastructure solutions to application services. We’re gradually expanding our presence in the North American smart home market, successfully launching a number of Wi-Fi 7 products to boost our market share in the network infrastructure sector. We have also launched an 800G Ethernet switch and other high-speed connectivity solutions, strengthening our enterprise network product portfolio. In the automotive sector, we have developed radar, camera, UWB, and Wi-Fi sensing technologies to broaden our customer base. In the satellite broadband market, we have continued to stay ahead of market trends and continued our focus on developing low-earth orbit (LEO) satellite communications solutions, which have become a key growth driver for us.

We believe that innovation in sustainability, organizational resilience, and excellence in quality are key to our growth. In addition, promoting and implementing ESG strategies and action items to address the risks and challenges brought by climate change is a responsibility and obligation that we must take seriously. We have established a sustainability governance framework, and our CEO and top-tier managers are all involved in decision-making processes for sustainability-related issues. Business units are encouraged to integrate social responsibility, environmental protection, and corporate governance into their operations and business strategies. Green product design is prioritized during product development to enhance our sustainable competitiveness. We are also committed to building a sustainable supply chain. Through our Global Supply Chain Management Policy, Supplier Code of Conduct, and Sustainable Raw Materials Policy, we help suppliers set measurable carbon reduction goals and action plans and work with them to develop products and services that are more environmentally-friendly. In 2024, we established the Sustainable Development Committee under the Board of Directors. This committee is responsible for regularly reviewing climate-related regulations and international policies, ensuring that relevant resources are used properly, and tracking our carbon reduction performance in order to further the Board of Directors’ efforts in sustainable governance. In regards to ESG initiatives, internally we have created a friendly workplace where all employees feel safe in and which offers opportunities for learning, growth, and development. Externally, we have implemented reforestation projects, provided support to smallholder farmers, and expanded sponsorship programs for schoolchildren in remote areas. We have helped those schoolchildren broaden their perspectives and stay motivated in continuing their studies. We have also provided music therapy to the elderly and people with disabilities in local communities, improving their quality of life and making a positive impact on society. 

Becoming a net-zero enterprise is an important goal for us. We have long been implementing initiatives relating to environmental protection, energy conservation, and waste reduction, and we’ve incorporated elements of these initiatives into our building plans for new sites. Our S3 site and the buildings built during phase two construction at the Vietnam site have obtained green building certification, with the phase two buildings at the Vietnam site also receiving LEED Gold® certification from the U.S. Green Building Council. We have installed water-efficient equipment, smart water meters, and water reuse systems as well as additional solar panels at the Vietnam site, bringing the site’s solar power generation capacity to 5,445 kWp. This has raised the ratio of renewable energy use to total electricity consumption at the site, giving us both economic and sustainability-related benefits. From the beginning of 2024, we have garnered a number of awards and recognition for our efforts in ESG and sustainability. Our near-term and net-zero science-based targets have been validated by the Science Based Targets initiative (SBTi), putting us on track to reach net zero by 2050. In S&P Global’s Sustainability Yearbook 2025, we placed in the Top 1% category for the second consecutive year and were recognized as an Industry Mover. We were also selected as a constituent of the Dow Jones Sustainability Indices (DJSI) Emerging Markets Index, listed in TIME Magazine’s World’s Best Companies in Sustainable Growth 2025, and made the Financial Times/Statista Asia-Pacific Climate Leaders 2024 List. Other recognitions that we received during this period include the 2024 National Sustainable Development Award, the 2025 SEAL Environmental Initiative Award as well as a gold medal for Best Managed Company in Taiwan in Asia’s Best Companies Poll 2024 organized by FinanceAsia.

Looking to the future, macroeconomic and geopolitical uncertainties as well as the opportunities and risks posed by AI will continue to present new challenges to us. We will adhere to the principles of fundamentals advocacy, innovation, and sustainability with a flexible, efficient, and high-quality self-driven approach, proactively respond to these challenges. We’ll also diversify our product portfolio, expand our global market and production scale, and build strong relationships with our partners around the world to strengthen our capabilities for long-term sustainable development. I believe that enterprise growth stems from co-creation and shared success. I encourage all of you to provide suggestions and feedback on how we can improve going forward as we work together to build a better and more prosperous future for the company.