Jointly conducted by the Taiwan Stock Exchange and the Taipei Exchange, the 2025 evaluation covered 1,810 listed and TPEx-listed companies, with only 40 TPEx-listed companies ranked in the top 5%. SAS has consistently remained among the top-tier performers, highlighting its strong performance in board operations, information disclosure, shareholder rights protection, and sustainable governance.

SAS has long placed strong emphasis on corporate governance and sustainable development, and continues to strengthen its governance framework, enhance operational transparency, and integrate sustainability into corporate decision-making and daily operations, while actively responding to stakeholder expectations. Notable achievements include:

• Selected as One of the World’s Most Trustworthy Companies: SAS was named to Newsweek’s “World’s Most Trustworthy Companies 2025” list and was recognized as one of only 45 companies worldwide in the Technology Hardware category, underscoring the strong trust the Company has earned from customers, employees, and investors.
• Continued improvement in global sustainability ratings: SAS continues to advance water resource management and climate action. In 2025, the company received an “A” Leadership Level rating in CDP’s Water Security assessment and a “B” rating in CDP’s Climate Change assessment.
• Building a Friendly and Healthy Workplace: The Company continues to promote a culture of diversity, equity, and inclusion, uphold workplace equality, and strengthen employee care initiatives to create a workplace that is friendly, healthy, and sustainable. In addition to receiving the Hsinchu Science Park “Excellence Award for Promoting Workplace Equality” for three consecutive years, its subsidiary, Sustainable Sunrise Co., Ltd., also received the Silver Award in the “Health Workplace Benchmark Award” from the Ministry of Health and Welfare.
• Established a robust intellectual property management system: Achieved “A” Certification under the Taiwan Intellectual Property Management System (TIPS) in 2025.

In addition, its subsidiary GlobalWafers was ranked among the top 5% of TPEx-listed companies in the Corporate Governance Evaluation for the eighth consecutive year and was also recognized among the top 10% of electronics companies with a market capitalization exceeding NT$10 billion. In addition, affiliated companies Actron Technology Corporation (Actron) and Advanced Wireless Semiconductor Company (AWSC), were also ranked among the top 5% of TPEx-listed companies in this year’s evaluation. Taiwan Specialty Chemicals Corporation (TSC) participated in the evaluation for the first time and was ranked within the 6% to 20% tier, reflecting the Group’s collective efforts to strengthen corporate governance and sustainable development. Looking ahead, SAS will continue to enhance its governance framework, strengthen operational resilience and sustainable competitiveness, and create long-term value for shareholders and stakeholders.

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Mr. Ming-Kuang Lu assumed the position of Chairperson of SAS in 2007, and after stepping down as Chairperson in 2020, continued serving as Director and Honorary Chairperson. During his tenure, with profound industry experience and forward-looking vision, he led SAS Group to gradually expand its business footprint and strengthen overall competitiveness through strategic acquisitions and diversified business expansion. During key stages of growth, he laid a solid foundation for the Group’s stable operations and had a far-reaching impact on the Company’s long-term competitiveness and group development.

Honorary Chairperson Ming-Kuang Lu stated, “Being able to participate in important decisions and transformation at different stages of SAS’s development, and to work alongside the Board of Directors, management team, and all employees throughout the journey, has been a very valuable experience for me. For an enterprise to achieve long-term development, it is not enough to focus only on the current market environment; it is also necessary to identify the right direction amid a rapidly changing industry environment, allocate resources appropriately, and make decisions at critical moments. Starting from silicon wafers, solar, and sapphire businesses, SAS has pursued long-term development across core businesses including renewable energy, semiconductors, and automotive components, enabling the Group to continue growing and strengthening over time. As global energy transition and market demand continue to evolve, SAS has in recent years promoted organizational restructuring and advanced a dual-track strategy across manufacturing and services to lay the foundation for its next stage of growth. Stepping down from the Board this time represents a phased transition. I believe that what truly supports a company’s steady development is sound corporate governance, healthy operational fundamentals, the ability to continuously adapt and think critically, and the passing on of experience and values from one generation of teams to the next. I have strong confidence in SAS’s existing governance system and management team, and I also hope the Company will continue upholding its spirit of pragmatism, stability, and sustainable management to create long-term value for shareholders, employees, and society.”

Chairperson Doris Hsu stated, “Honorary Chairperson Ming-Kuang Lu has guided the Company through multiple critical stages with exceptional industry insight and governance perspective, leading the completion of important strategic initiatives and positioning the Group for  stable development. On behalf of the Board of Directors and all employees, I would like to express our sincere gratitude to Honorary Chairperson Lu for his long-term guidance and contributions. Going forward, SAS will continue to expand its business footprint based on its existing governance framework and operational foundation, driving the Group’s long-term growth and sustainable development.”

In terms of business deployment, SAS continues to deepen its renewable energy business through a dual-track “manufacturing + services” strategy. On the manufacturing side, Sustainable Sunrise Co., Ltd. (SUN), SAS’s wholly owned subsidiary in Yilan, has long cultivated Taiwan’s solar market, establishing strong manufacturing capabilities and mass production experience, while gradually expanding into overseas markets and diversified applications. In addition to steadily supplying low-tariff, high-end customized wide-view solar wafers for zero-energy buildings to U.S. customers through mass production, SUN has also successfully entered the low Earth orbit (LEO) satellite market. Working with multiple customers, SUN has launched MWT (Metal Wrap Through) solar wafers featuring high reliability, radiation resistance, and resistance to extreme temperature cycling. The products have passed customers’ stringent validation and have already entered mass production and shipment, demonstrating that they have achieved the system-level maturity required for space applications, as well as SUN’s capabilities in space-grade solar technology and mass production. Compared with general ground-mounted products, space applications require much higher standards for efficiency, reliability, and lifespan, resulting in significantly higher technical barriers. Through its MWT technology, SUN places the electrode design on the back side of the solar wafer, effectively improving light absorption efficiency and power density while also offering lightweight advantages that better meet the needs of the LEO satellite market. As the global LEO satellite and aerospace industries continue to grow rapidly, SUN is leveraging its technology validation capabilities, mass production experience, and customization advantages to further strengthen product differentiation and market competitiveness, while deepening SAS’s global presence in advanced renewable energy and aerospace applications.

On the services side, Sustainable Energy Solution (SGE), SAS’s renewable energy subsidiary, integrates renewable energy generation, power sales, energy storage, and energy-saving services to build a one-stop green power and energy solution platform for enterprises, supporting enterprises in advancing RE100 and net-zero transformation, and becoming one of the Group’s strong growth drivers. As of April 2026, its power retail subsidiaries, Sustainable Energy Solution (SES) and Anneal Energy (Anneal), had cumulatively signed green power contracts exceeding 22 billion kWh. Unlike conventional power retail or project development models, SGE has established integrated energy service capabilities covering long-term corporate power purchase agreements (CPPAs), power dispatching, contract performance management, and green power trust mechanisms, forming a key foundation for long-term partnerships and stable power supply. Leveraging SAS Group’s long-standing experience in the semiconductor and manufacturing industries, SGE is better positioned to understand enterprise customers’ needs for stable power supply, green power adoption, and energy management. Through long-term contracts and integrated energy services, SGE continues to deepen long-term customer relationships. As rapid growth in AI applications drives rising electricity demand and enterprises accelerate low-carbon transformation, SGE also continues to actively expand its diversified customer base and energy service footprint.

SAS continues to advance its diversified business strategy by actively deepening its presence across the semiconductor, automotive electronic components, and renewable energy industry ecosystems. In the semiconductor sector, its subsidiary GlobalWafers (GWC, 6488:TT) leverages its global advanced manufacturing capacity deployment and product portfolio advantages. Benefiting from growing demand driven by AI and high-performance computing (HPC), as well as the recovery of the semiconductor market, wafer shipments and capacity utilization have both improved, while new capacities are accelerating qualification and ramp-up, gradually strengthening mid- to long-term growth momentum. Meanwhile, affiliated companies Taiwan Speciality Chemicals Corporation (TSC, 4772:TT), Advanced Wireless Semiconductor Company (AWSC, 8086:TT), and Actron Technology Corporation (Actron, 8255:TT) are demonstrating growth momentum in areas including advanced process materials, high-speed communication components, and high-efficiency power devices in response to market trends. Through integration of upstream and downstream resources and global deployment, SAS has transformed into a multinational diversified group, demonstrating solid growth momentum and industry competitiveness amid global supply chain restructuring and the energy transition trend.

The post SAS Holds Shareholders’ Meeting and Completes Board Re-election
Doris Hsu Reappointed as Chairperson
Ming-Kuang Lu Steps Down from the Board and Will Continue Supporting the Group as Honorary Chairperson
Building on a Strong Governance Foundation to Deepen Renewable Energy
Manufacturing and Services and Expand the Group’s Diversified Business Portfolio first appeared on Sino-American Silicon Products Inc..

In the renewable energy sector, amid the accelerating global energy transition, rising geopolitical uncertainties, and the rapid surge in electricity demand driven by AI applications, renewable energy has evolved beyond an ESG initiative into a critical foundation for energy security and economic development. Building on its organizational restructuring in 2025, SAS has accelerated the development of its renewable energy business through a dual-track strategy of “Manufacturing + Services.” In the first quarter of 2026, renewable energy revenue reached NT$1.35 billion, representing a YoY increase of 75.5%, demonstrating strong growth momentum. On the manufacturing side, the Company’s wholly owned subsidiary in Yilan, Sustainable Sunrise Co., Ltd. (SUN) is actively expanding into high technical barrier applications, such as Low Earth Orbit (LEO) satellite applications, while continuing to strengthen its presence in Taiwan’s rooftop solar market. Fire-resistant solar modules have entered mass production and shipment, enhancing product safety and differentiation, and driving growth in the manufacturing segment. On the services side, Sustainable Energy Solution (SGE), a subsidiary of SAS, has established a one-stop energy service platform encompassing power generation, power sales, energy storage, and energy efficiency solutions. Through comprehensive and integrated energy solutions, SGE supports enterprises in advancing their low-carbon transition. As of the end of the first quarter of 2026, cumulative green power contracts signed by SGE’s power sales subsidiaries, Sustainable Energy Solution (SES) and Anneal Energy (Anneal) have reached nearly 22 billion kWh, reflecting strong customer confidence of the Group’s service quality and reliable delivery capabilities. As corporate demand for green power continues to scale up rapidly, SGE continues to leverage its integrated service offerings to expand its operational scale, while building and deepening a base of representative, high‑stickiness customers, thereby establishing a market position with meaningful scale and visibility.

In the semiconductor segment, supported by growing demand from AI and high-performance computing, the global semiconductor market continues to recover, driving a gradual improvement in wafer shipments. Although the pace of recovery across end markets remains uneven, overall demand is trending toward a more stable rebound, and we have also observed multiple positive signals from customers. Aside from new production lines still in the qualification and ramp-up phases, GlobalWafers’ 12-inch production lines remain fully loaded, while utilization rates for smaller diameter wafers have also improved. Demand for 8-inch wafers has recovered and is expected to support a gradual recovery in 6-inch wafers, contributing to higher overall capacity utilization and shipment momentum. As global capacity expansion progresses, new capacity in Japan, Italy, and the United States is advancing through customer qualification and ramp-up, with expansion benefits gradually emerging. At the same time, driven by advanced packaging and high-performance applications, demand for upgraded materials continues to grow. GlobalWafers is further strengthening its high-valued product portfolio, with SOI production lines delivering strong performance. Despite being at an early stage of expansion, SOI has already achieved positive gross margin and stands out as one of the early highlights among the Group’s initiatives. 12-inch SiC is progressing through customer qualification and advancing toward future high-value applications, while GaN remains fully loaded under strong demand and continues to expand capacity, further strengthening future growth momentum.

SAS’s diversified strategy continues to deliver results, with affiliated companies delivering strong performance in the first quarter of 2026. Taiwan Speciality Chemicals Corporation (TSC, 4772:TT) benefited from capacity expansion in advanced processes and growing AI-driven demand, driving continued growth in specialty gases such as disilane. Its new product, anhydrous hydrogen fluoride (AHF), also began to ramp up, while contributions from the acquisition of Hung Jie Technology Corporation further supported revenue growth. First-quarter consolidated revenue reached NT$0.86 billion, representing a 290% YoY increase, with EPS of NT$1.33. Advanced Wireless Semiconductor Company (AWSC, 8086:TT) upgraded its power amplifier (PA) product mix, driven by demand from high-end smartphones and Wi-Fi 7, while also expanding into non-PA applications such as drones, Low Earth Orbit (LEO) satellites, and LiDAR. First-quarter revenue reached NT$1.22 billion, up 58.4% YoY, with EPS of NT$1.51. Actron Technology Corporation (Actron, 8255:TT) benefited from increasing penetration of 48V automotive systems and plug-in hybrid electric vehicles (PHEVs), supporting steady revenue growth. Actron is also actively expanding into AI servers and high-voltage direct current (HVDC) applications. First-quarter revenue reached NT$2.04 billion, with EPS of NT$1.7.

In addition, SAS continues to strengthen its corporate governance and sustainable management. The Company has been ranked among the top 5% of Taipei Exchange-listed companies in the Corporate Governance Evaluation for twelve consecutive years. It also marked its first inclusion among the top 10% of electronic companies with a market capitalization above NT$10 billion, marking a new milestone in its governance performance and reflecting its ongoing efforts to enhance governance frameworks and implement sustainable practices. Its subsidiary GlobalWafers, along with affiliated companies Actron and AWSC, were also ranked within the top 5%, while TSC ranked within the top 6%–20% in its first participation in the Corporate Governance Evaluation. These results reflect the Group’s high level of maturity in corporate governance and operational management, providing a solid foundation for long-term, stable development.

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SAS’ semiconductor subsidiary, GlobalWafers (GWC, 6488: TT), also released its March results today that the consolidated revenue reached NT$5.45 billion with 23.8 % MoM and 0.1% YoY. GWC Q126 consolidated revenue totaled NT$13.98 billion, with -3.6 % QoQ and -10.3 % YoY.

GlobalWafers’ revenue for the first quarter of 2026 declined compared to the previous period, primarily due to fewer working days during the Lunar New Year holiday, as well as temporary disruptions caused by extreme cold weather and snowstorms in parts of Europe, the United States, and Northeast Asia, which constrained operations at certain overseas facilities. These impacts were seasonal and temporary. As weather conditions improved, all sites have resumed normal operations, with utilization and shipment momentum gradually stabilizing. As short-term disruptions subside, underlying operating fundamentals have gradually recovered. In addition to ongoing pilot production and customer qualifications for newly added capacity, existing 12-inch wafer lines remain fully loaded. Utilization for small- and medium-sized wafers has also improved compared to the previous quarter, indicating initial signs of demand recovery. However, the extent to which this improvement will translate into a broader and sustained market recovery remains to be seen observation. Meanwhile, the first tranche of government subsidies for the GlobalWafers’ Italian subsidiary was received in the first quarter, and will help strengthen the overall financial structure. Overall, after reaching a relatively low point in the first quarter, operating momentum shows a gradual but uneven upward trend. Nevertheless, future performance remains subject to uncertainties, including macroeconomic environment, geopolitical risks, and industry conditions. GlobalWafers will continue to adopt a proactive and prudent approach in responding to market conditions.

SAS reported a slight YoY increase in consolidated revenue for Q126. Driven by its dual-track strategy across manufacturing and services, the renewable energy business delivered outstanding performance, with its revenue in Q126 increasing 75.5% YoY, demonstrating strong growth momentum. On the solar technology front, SAS continues to expand into high-barrier niche applications, including space-related applications such as low Earth orbit (LEO) satellites, where demand for highly reliable solar products is expected to remain strong. These developments also present opportunities for the Company to further expand into higher value-added markets. In green energy services, SAS’s subsidiary Susen Green Energy (SGE) has established a one-stop green energy solutions platform integrating diversified energy and management services to support corporate decarbonization and energy transition. As of the end of the first quarter, SGE’s power trading subsidiaries, SES and Anneal, have secured cumulative green power contracts of nearly 22 billion kWh. This segment is expected to become a key growth driver for the Group’s renewable energy business. Among affiliated companies, Taiwan Specialty Chemicals Corporation (TSC, 4772:TT) reported first-quarter consolidated revenue of NT$0.86 billion, representing a YoY increase of 290%, driven by rising demand for disilane supported by AI applications. Its anhydrous hydrogen fluoride (AHF) products have also entered major customer supply chains and are gradually ramping up, and are expected to contribute to overall performance this year. Advanced Wireless Semiconductor Company (AWSC, 8086:TT) recorded first-quarter revenue of NT$1.22 billion, up 58.4% YoY. Building on its stable power amplifier (PA) business, AWSC continues to diversify its product and application portfolio, expanding into non-RF applications such as drones, LEO satellites, and high-altitude platform systems (HAPS), enhancing operational flexibility. Actron Technology Corporation (Actron, 8255:TT) reported first-quarter revenue of NT$2.04 billion, representing a YoY decrease of 3.7%. In addition to strengthening its automotive business, Actron is expanding into AI server power, energy systems, and electric vehicle power devices, leveraging SiC and GaN technologies to enter the high-efficiency power market. With steady progress across its business segments, the SAS Group will continue to leverage renewable energy, automotive components, and semiconductors as its three key growth engines, integrating Group resources and diversified operations to enhance competitiveness and long-term value.

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The ratings on SAS continue to reflect the company’s steady market position, globally diversified production bases, and its good profitability backed by stable utilization and long-term supply agreements with key clients. The company’s weaker market position and technology capabilities in the advanced silicon wafer applications than larger global peers partly offset these rating strengths.

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Today the Board of Directors also approved the cash dividend payment plan for the second half of 2025 and resolved to distribute a cash dividend of NT$2.5 per share, with a total amount of NT$ 1.6 billion for the second half of 2025. The ex-dividend record date is July 29, and the cash dividend payment date is August 21. If the cash dividend of NT$1 per share (total amount of NT$0.64 billion) distributed from capital surplus in the first half is included, an annual cash dividend of NT$ 3.5 per share (total annual amount of NT$ 2.24 billion) is distributed throughout 2025. Besides, SAS’ Annual General Shareholders’ Meeting will be convened at 9 a.m. on May 26 at the Hsinchu Science Park Life Hub, Taiwan.

SAS’s affiliated companies delivered strong operating performance in 2025, with several achieving record-high revenues. Their results underscore solid growth momentum and competitive strengths across materials, components, and key application segments, while effectively capturing opportunities arising from industry upgrades. Taiwan Specialty Chemicals Corporation (TSC, 4772:TT) benefited from increasing demand for high-purity specialty gases driven by volume production of advanced semiconductor processes. Through the consolidation of Hung Jie Technology, a next-generation semiconductor component cleaning and refurbishment service provider, TSC has established a one-stop “materials + services” platform. TSC reported full-year 2025 consolidated revenue of NT$1.99 billion, representing a 127.9% YoY increase and a record high; EPS was NT$4.2. Actron Technology Corporation (Actron, 8255:TT), in addition to strengthening its established automotive business, actively expanded into high-growth applications such as power supply units (PSUs) and AI server racks. Actron recorded full-year 2025 revenue of NT$8.11 billion, up 6.9% YoY and reaching a record high; EPS was NT$6.32. Advanced Wireless Semiconductor Company (AWSC, 8086:TT), supported by stable demand in its smartphone power amplifier (PA) business, further diversified into non-PA applications including AI, unmanned aerial vehicles (UAVs), and low Earth orbit (LEO) satellites. AWSC reported full-year 2025 revenue of NT$4.12 billion; EPS was NT$3.36.

According to the Renewables 2025 report by IEA, global renewable energy capacity is projected to increase by approximately 4,605 GW between 2025 and 2030, twice the additions recorded during 2019–2024. Solar power is expected to account for nearly 80% of the total expansion, serving as the primary driver of the global energy transition. Against the backdrop of the global energy transition and rapid growth in solar PV installations, Taiwan has also implemented regulations to accelerate rooftop solar PV deployment. Under the Ministry of the Interior’s “Standards for Setting up Solar Photovoltaic Power Generation Equipment in Buildings,” private buildings with newly constructed or expanded floor areas exceeding 1,000 square meters, or with renovated rooftop areas exceeding 1,000 square meters, are required to install solar PV power generation equipment. The policy is estimated to add approximately 660 MW of new installed capacity annually, equivalent to the yearly electricity consumption of around 200,000 households.

Against this backdrop, SAS provides customized solar solutions to module manufacturers in Taiwan. In terms of core technology, SAS’s solar cells have achieved a conversion efficiency of 26.0% and have obtained Verified Product Certificate (VPC) validation. SAS has also been recognized multiple times with the Taiwan “Golden Energy Award” for solar wafers, reflecting strong market recognition of its product quality and technological capabilities. Amid the long-term global trends of energy transition and technological advancement, SAS continues to optimize its product portfolio and market positioning, strategically focusing on high-barrier niche segments. The Company has gradually demonstrated growth momentum in space technology applications and the international solar market. In the space technology sector, applications demand exceptional material reliability, durability, and performance stability. The high entry barriers and extended customer validation cycles create clear technological differentiation. Leveraging its advanced process capabilities and stable product quality, SAS has successfully passed the stringent reliability testing required for low Earth orbit (LEO) satellite applications. Related products are currently undergoing end-application validation with customers, with commercialization progressing and successful expansion into overseas markets.

In the renewable energy services sector, rising decarbonization requirements across global supply chains, the implementation of carbon border mechanisms such as the Carbon Border Adjustment Mechanism (CBAM), and the promotion of RE100 commitments and Taiwan’s “High Electricity User Clause,” are accelerating the transformation of corporate electricity structures. Energy transition has become a decisive factor in determining corporate ESG performance, green supply chain eligibility, and long-term competitiveness. SAS’s comprehensive renewable energy service platform, Susen Green Energy Co., Ltd. (SGE), has established an integrated service framework encompassing power generation, power sales, energy storage, and energy efficiency solutions. Through a one-stop approach, SGE assists enterprises in planning and executing their net-zero transition pathways and has entered into multiple long-term green power supply agreements with corporate clients. According to publicly disclosed monthly statistics released by industry peers, SGE’s power trading subsidiaries, Sustainable Energy Solution (SES) and Anneal Energy (Anneal), ranked among the leading market participants in terms of green power sales volume in 2025. This performance indicates that SGE’s renewable energy services platform has entered an accelerated growth phase and continues to expand its market influence amid the corporate energy transition trend. In addition, SGE has expanded into the energy service company (ESCO) sector, further strengthening the Group’s capabilities in energy management and efficiency enhancement. Its subsidiary, EcoSoar Energy Service Co., Ltd (EES), recently achieved notable results by assisting clients in applying for incentive programs administered by Taiwan’s Energy Administration. The implemented energy efficiency projects are expected to generate annual energy cost savings of approximately NT$13.73 million for clients. Through systematic efficiency improvements and the replacement of high-energy-consuming equipment, SGE helps accelerate customers’ practical progress toward net-zero transition, while assisting clients in applying for relevant energy efficiency subsidies to reduce capital expenditure and shorten payback periods.

SAS continues to promote resource integration and leverage group synergies. Through strategic investments and business expansion, the Company is strengthening its ecosystems across the three major sectors of semiconductors, automotive electronic components, and renewable energy. In the semiconductor segment, its subsidiary GlobalWafers has benefited from rising AI-driven demand, supported by its advanced process capacity deployment and an optimized product portfolio, the company is well positioned to sustain mid- to long-term operational momentum. The Group’s affiliated companies, including TSC, AWSC, and Actron have also demonstrated growth momentum and technological strengths in their respective fields, adding long-term drivers to the Group’s overall development. Through upstream and downstream resource integration and global expansion, SAS has transformed into a multinational integrated group. Amid global supply chain restructuring and the energy transition, the Company continues to demonstrate stable growth momentum and strong industrial competitiveness.

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GlobalWafers operates across multiple overseas locations, and foreign-currency transactions account for a relatively high proportion of the Group’s revenue. Measured in U.S. dollar terms, GlobalWafers’ revenue performance in 2025 remained solid. For FY2025, consolidated revenue denominated in U.S. dollars amounted to US$1.95 billion, remaining almost flat year over year. SAS’s revenue was also affected by the performance of its subsidiary GlobalWafers. When measured in U.S. dollar terms, SAS’s cumulative FY2025 revenue reached US$2.51 billion, reflecting a YoY increase of 1.24%. The changes in consolidated revenue measured in U.S. dollars indicate that the underlying operating performance of both SAS and GlobalWafers remained stable.

Amid easing inflationary pressures and policy adjustments by certain central banks, the global economy has maintained moderate growth. Nevertheless, geopolitical tensions and uncertainties surrounding trade policies continue to pose challenges to the market. The semiconductor industry is experiencing divergent demand dynamics and an uneven recovery pace. Inventory digestion for applications related to mature process technologies has progressed more slowly than expected, while the recovery momentum in end-consumer markets remains limited. Against this backdrop, GlobalWafers has continued to strengthen its operational resilience. Leveraging its global footprint and localized manufacturing capabilities, the Company has flexibly optimized capacity allocation and shipment mix, while accelerating customer qualification and ramp-up for new expansion lines to proactively address customers’ long-term demand for localized supply. As the Company’s global expansion projects gradually deliver tangible results, several key operating sites and product lines have reported strong revenue performance. In particular, the 2025 revenues of subsidiaries in Niigata and Utsunomiya, Japan, as well as the Danish subsidiary, all reached record highs. From a product perspective, niche products such as Gallium Nitride (GaN) demonstrated especially strong performance.

Looking ahead, the accelerated development of technologies including AI, HPC (high-performance computing), silicon photonics, and high-efficiency power management is expected to continue driving demand for high-efficiency power devices and advanced materials. Demand for leading-edge silicon wafers and SOI wafers remain robust, while GaN capacity will continue to operate at full utilization. In the new materials segment, GlobalWafers is steadily advancing its technology and process roadmap, with ongoing investments in the research and development of next-generation materials such as square wafers and 12-inch Silicon Carbide (SiC). Sampling have commenced, and related technologies are being progressively advanced to address growing market interest and demand. GlobalWafers will remain focused on large-diameter wafers for advanced applications, and high value-added specialty wafer segments. By combining localized supply advantages across its global manufacturing network with advanced process capabilities, the Company aims to leverage its diversified portfolio and competitive strengths to drive sustainable long-term growth.

In the solar product manufacturing segment, it is expected that total solar installations in the United States will reach 40~42 GW in 2026. Driven by trade controls as well as anti-dumping and countervailing duty measures, the solar wafer market is undersupplied, further highlighting the advantages of Taiwan-based compliant manufacturing, high product quality, and strong reliability. In addition, with the rapid growth of global 5G communications, data and video transmission, and VR-based immersive applications, demand for low Earth orbit (LEO) satellites is expected to experience a significant surge in 2026. Against this backdrop, solar cell products manufactured by SAS in Taiwan, having passed stringent reliability testing and qualified by U.S.-based customers, are steadily expanding their international market presence and capturing emerging growth opportunities.

In the renewable energy services segment, as the 2050 net-zero emissions policy continues to advance, enterprises are accelerating their net-zero transition and committing to the Science Based Targets initiative (SBTi). The combined momentum from policy initiatives and corporate action has driven sustained growth in demand for renewable energy. In response to industry trends, SAS has continued to deepen its green energy business deployment. Through its comprehensive renewable energy service platform, Susen Green Energy Co., Ltd. (SGE), the Group has progressively established an integrated service framework encompassing green power development, power sales, energy storage, and energy efficiency solutions, addressing enterprises’ practical needs in their net-zero transition. As of the end of December 2025, SGE had cumulatively signed green power purchase agreements exceeding 18 billion kWh. With market demand continuing to expand, SGE’s power trading subsidiaries, Sustainable Energy Solution (SES) and Anneal Energy (Anneal), recorded combined revenue growth of approximately sevenfold in 2025 compared with the previous year. Looking ahead, operating momentum is expected to be released progressively in line with further market expansion. Supported by strong market demand, the Group’s green power services business has demonstrated0 strong growth momentum, further enhancing its market visibility and influence.

Among affiliated companies, Actron Technology Corporation (8255:TT) has strengthened its presence in automotive electronics while expanding into AI server power supply and energy-related applications, driving steady operational growth. Actron’s 2025 revenue amounted to NT$ 8.1 billion, a 6.9% year-over-year increase, reaching a historical high. Advanced Wireless Semiconductor Company (8086:TT) has seen tangible results from its diversified application portfolio across high-speed wireless communication (Datacom) chips, LiDAR, filters, and unmanned aerial vehicle (UAV) applications. Its revenue increased month by month throughout 2025, with full-year revenue reaching NT$ 4.12 billion, marking the second highest level in the Company’s history.

Taiwan Specialty Chemicals Corporation (4772:TT) benefited from rising demand for disilane (Si₂H₆) driven by advanced process technologies, delivering strong operating performance. TSC’s 2025 standalone revenue, excluding the consolidation of Hung Jie Technology, increased by 20% YoY, with Q4 2025 standalone revenue setting a new quarterly record. December standalone revenue reached a historical high, marking 11 consecutive months of YoY revenue growth. TSC’s consolidated revenue, including Hung Jie Technology, in December exceeded NT$300 million for the first time, delivering outstanding results! Following the addition of Hong Jie Technology, TSC further strengthens its one-stop solution capabilities, spanning specialty gases, precision surface processing of equipment components, and ultra-high purity cleaning and refurbishment services. This expanded service scope enhances coverage of advanced process requirements. After consolidating Hung Jie Technology, TSC’s full-year 2025 consolidated revenue reached NT$ 2 billion, up 128% YoY, driving overall operating scale to a new high.

Looking ahead, SAS will continue to position renewable energy and semiconductors as its dual growth engines. Leveraging deep industry expertise and technical capabilities, the Group will pursue disciplined investment deployment, integrate the diversified growth momentum of affiliated companies, and fully realize group synergies. Through the progressive construction of a competitive industrial value chain, SAS aims to steadily advance the Group’s sustainable growth.

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SAS and GWC provide comprehensive employee assistance and care mechanisms to ensure that colleagues receive professional support when facing emotional stress, family issues, or career challenges. Through training and open communication, SAS and GWC foster a culture of respect where every employee, regardless of background, can work in an environment built on equality and trust. In addition, the companies maintain clear and accessible grievance and communication channels, upholding a strict zero tolerance stance to safeguard workplace safety.

In terms of health management, SAS and GWC offer annual medical examinations, specialized screenings, and follow-up services, while organizing health seminars, first-aid training, and fitness initiatives based on employee needs. These efforts help employees build steady and healthy daily habits. The “7,000 Steps a Day” initiative, which combines wellness and community engagement, further transforms each step taken by employees into positive energy that contributes both to personal health and to society.

For employees who are pregnant or raising young children, the companies have established a comprehensive maternal health protection process that includes hazard assessments, physician consultations, flexible work hours, and health education. Supportive measures such as lactation rooms, maternity care kits, and designated parking spaces provide additional comfort and assurance throughout the journey of welcoming a new life.

SAS and GWC remain committed to creating workplaces where employees feel protected and valued. A friendly workplace is not a final destination but a continuous effort. Moving forward, the two companies will continue strengthening their actions in four key areas: health promotion, family care, equality awareness, and workplace safety. These efforts aim to ensure that every employee can work in an environment defined by stability, respect, and genuine support.

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Committed to Creating a Safe, Inclusive, and Supportive Work Environment first appeared on Sino-American Silicon Products Inc..