Letter from the Chairman
Since its founding in 1989 in a modest office on Sec. 4, Nanjing East Road in Taipei City, Chang Wah Electromaterials Inc. (CWE) has grown significantly, thanks to the unwavering support from our original manufacturers and customers, as well as the dedication and hard work of our employees. As we mark our 35th anniversary in 2024, we take pride in our strong presence in the semiconductor packaging materials industry in Taiwan. Since 2006, CWE has expanded its horizons through strategic investments, leading to the establishment of Chang Wah Technology Co., Ltd. (CWTC) and JMC Electronics Co., Ltd. We have also invested in various companies, including Tian Zheng International Precision Machinery Co., Ltd., Advanced Echem Materials Company Limited, Silver Connection Co., Ltd., Taiflex Scientific Co., Ltd., and Vizionfocus Inc., among others. Our reach has extended beyond Taiwan to Malaysia, Singapore, China, and Japan, creating a well-established Group that is continuously advancing towards diversification.
In recent years, ESG (Environmental, Social, and Governance) sustainability has emerged as a global business imperative. At CWE Group, we recognize that, in addition to pursuing profitability, it is essential to prioritize environmental stewardship and social prosperity. We are committed to adhering to international environmental regulations and actively champion eco-friendly practices such as waste reduction, energy conservation, and resource recycling. This dedication not only aligns with our customers’ expectations for green supply chain standards but also underscores our proactive stance as a global corporate citizen in advancing environmental protection and social responsibility.
In alignment with the government’s push for renewable energy, CWE Group has implemented several eco-friendly initiatives. We have installed solar panels at our plants and established a water reclamation system to improve water recycling rates and reduce tap water usage. In addition, we provide incentives for employees to purchase electric motorcycles, reinforcing our commitment to global citizenship and corporate responsibility. In recognition of our efforts, CWTC was selected for the “TIP Customized TPEx ESG 30 Index” in 2023.
CWE Group focuses its public welfare efforts on three key areas: sports and health, charitable activities, and culture and arts. By leading these initiatives, we cultivate a supportive environment and establish collaborative pathways for both internal and external partners committed to social care. We team up with local groups at our operational sites to ensure that resources are effectively directed to those in genuine need through various methods, including material donations and care initiatives.
In terms of corporate governance, CWE Group is committed to safeguarding shareholder rights through internal and external oversight and a system of checks and balances. We maintain effective corporate operations and aim to optimize corporate value while also protecting the interests of all stakeholders to support the Company’s sustainable growth.
Regarding our business operations, we use QFN as a raw material to develop distinctive processes that differentiate our products in the market and allow us to penetrate niche sectors such as lead frames for Mini LEDs and automotive power management. Also, we leverage Group resources by collaborating with subsidiaries to develop innovative ultra-thin packaging substrates using roll-to-roll plastic substrate materials for emerging applications such as Micro LEDs. Both Micro LEDs and Mini LEDs are crucial in advancing net-zero carbon emissions and align with global energy-saving trends.
We extend our sincere gratitude to all employees, customers, suppliers, investors, and partners of CWE Group for their trust, support, and efforts. CWE Group is dedicated to the sales and technical support of semiconductor packaging materials and advanced packaging equipment, including lead frames, EME, CRM, and IC substrates. We also focus on the market for packaging materials in electric vehicles and automotive electronics, while collaborating with manufacturers to explore opportunities in the Micro LED and Mini LED substrate markets. In the future, our operations will center on three key areas: computers, communications, and consumer electronics (3C), automotive, and industrial sectors, to drive our growth.
Looking forward, CWE Group plans to establish a comprehensive semiconductor materials ecosystem, positioning itself as a leading authority in the industry. Our goal is to generate shared value with suppliers and customers, support our employees, deliver returns for shareholders, uphold strong corporate governance, and meet our social responsibilities, all while advancing sustainable business practices.
Canon Huang
Chairman of the CWE Group