We are living in an era of unprecedented change, filled with challenges and opportunities. Global climate change impacts, unpredictable international situations, alongside changes due to the pandemic, inflation effects, and various countries' protectionist strategies have led to restructuring and imbalances in the supply chain, affecting the development of the semiconductor industry. Faced with a world full of changes and challenges, TMC's management team approaches these circumstances cautiously and proactively, taking flexible actions. We strategically position ourselves, continually invest in research and development, inject new growth momentum into the group through disruptive innovation, and establish long-term strategic partnerships with customers. Through the joint efforts of the management team, all employees, and supply chain partners, we have witnessed substantial revenue growth in the fiscal year 2022, reaching historic highs. Besides pursuing operational performance, TMC also upholds the principle of "mutual benefit, shared prosperity, and sustainability." We integrate ESG (Environmental, Social, and Governance) factors into our operational indicators, deeply cultivating ESG in all aspects. As a crucial entity in the semiconductor industry chain, TMC is committed to actively and continuously working together with industry partners to practice sustainability, contributing to the positive development of the environment, society, and economy.
Pragmatic strategization and consistent investment in research and development.
In terms of research and development, TMC has expanded its critical production capacity for 65nm and 40nm processes based on market demands. It has deepened its manufacturing service capabilities, validated and implemented mass production according to new equipment delivery schedules and customer requirements. TMC will also develop 28nm mask manufacturing in 2023 to enhance its technical service capabilities. To further the business development of the group, there are plans for factory construction in preparation for the mid-to-long-term expansion. Miracle Technologies, a subsidiary of the group, continues to expand its wafer foundry services in Taiwan and China, accumulating capabilities and developing power components in response to market demands. Subsidiary Aptos Technology focuses on flash memory packaging and testing, achieving stable growth in performance. It has also developed new applications of existing technologies to revitalize assets and create value. Another subsidiary, Xsense Technology, specializes in high-power laser heat sink manufacturing services and successfully expanded its customer base in 2022. Subsidiary Innova Vision is a company engaged in the manufacturing of contact lenses and has established an automated production line, gradually entering mass production. The latest subsidiary, Digital-Can Technology, is an additive manufacturing company focusing on aerospace metals and applications for defense and industrial purposes.
Injecting new growth momentum through disruptive innovations.
In 2023, TMC will mark its 35th anniversary. At 35 years, in human terms, it signifies maturity. However, under the leadership of the management team, TMC maintains a spirit of continuous innovation. Apart from continually expanding into new technologies in the core mask business to meet market and customer demands by establishing new production capacities and implementing automated, intelligent manufacturing management, we have also set up a laser welding R&D center, collaborating with leading companies in the steel structure industry to drive industry upgrades. Additionally, we are venturing into the industry of "energy creation and conservation," encouraging disruptive innovation, engaging in R&D projects, and dedicating efforts to solving energy-related issues, injecting new growth momentum into the group.
Establishing long-term strategic partnerships with customers.
Due to the alignment requirements in integrated circuits, OPC (Optical Proximity Correction) masks and PSM (Phase Shift Mask) technology masks are widely utilized in 8-inch and 12-inch wafer fabs. These masks vary due to differences in equipment and technologies among different fabs. TMC continues to enhance its operational capabilities by optimizing customer management, strengthening customer service, and fostering close collaborative relationships with wafer fabs, in order to produce masks that align with customer quality requirements. TMC has also established long-term strategic partnerships with several world-class wafer fabs.
Promoting "mutual benefit, shared prosperity, sustainability" andstriving for "goodness, excellence"
In addition to continually advancing towards sustainability in economic and environmental aspects, TMC established the TMC Charity Foundation in 2021. We aim to drive a cycle of goodness, embracing the spirit of borderless compassion, fostering local services, and cultivating a global presence to establish a better society. The foundation is committed to "caring for the underprivileged, environmental sustainability, and social welfare." Through the collective participation of the group and its employees, we aim to implement the concept of "goodness, excellence" in action, contributing to building a better society together. In 2021, TMC issued its first sustainability report, and the 2022 sustainability report will be the first one verified by auditors, providing a comprehensive overview of our efforts, achievements, vision, and goals in ESG (Environmental, Social, and Governance). We firmly believe that "success is for the common good and shared prosperity." TMC aspires to realize the impact of sustainability through the joint efforts of ourselves, our supply chain partners, and group members.