Passive System Alliance 2020-07-16T13:21:41+00:00

CHAIRMAN’S MESSAGE

It is my sincere hope that PSA will be able to enjoy long-term stable development, cultivate professional talent, create value for clients, fulfill its corporate social responsibility, exert its influence as a world-class corporation, and become an enterprise that is successful and sustainable.

Wanpan Electronics was renamed Walsin Technology in 1992, which was then officially evolved as Passive System Alliance (PSA) in 2002. Since then, it has grown into an international group with ten companies domestically and overseas, more than 30,000 employees, and a total revenue of NT$107 billion in 2019. We are deeply grateful for the support of our shareholders and clients during this period, as well as the hard work and efforts of our management team and colleagues. The core values of PSA can be found in our seven major business philosophy principles: “Integrity First”, “Treat Customers as Partners”, “ Focus and Quality as Top Priority”, “ Globalization”, “ Stabilization and Talent Development”, “Value Key Stakeholders”, and “Collaboration”. By sharing resources and adopting mutually beneficial management models, team members with a common philosophy can work together on our core business of electronic components and services. Our ambition is not to go big, but to perform well. Employee benefits, shareholder rights, and social responsibility are all equally important to PSA, and we are committed to creating a work environment that allows employees to grow and develop, as well as allow shareholders to receive reasonable returns. Furthermore, in addition to pursuing prosperity for the Group, we also hope to fulfill our corporate social responsibility and contribute to society. The PSA Charitable Foundation has been long involved in providing care and assistance to disadvantaged hearing-impaired children and the elderly. Over the past decade, the Foundation has donated around NT$84 million and mobilized 3,500 manpower actions to care for over 1,000 hearing-impaired children, offer care for the hearing health of tens of thousands of seniors, provide free hearing aids bank service to 400 hearing-impaired people, and relief for more than 300 caregivers through stress-relief courses. Furthermore, in the course of 11 years, approximately forty three thousand (43,000) elementary and junior high school students have benefited from taking part in sponsored courses for the development of Mandarin Chinese. Additionally, we encourage employees to actively participate in public welfare volunteer activities, because we believe that having an enthusiastic personality and the desire to help others are necessary for building the best operation team.

Electronic components and services play a constant and indispensable role in the development of industrial and consumer products. The advent of new technologies such as 5G, the Internet of Things, AI smart cities, satellite communications, and mobile and wearable devices have brought new developments and requirements, and therefore we anticipate major growth in applications of the electronic component industry in everyday life. Looking ahead to the future, PSA will maintain the principles of consistency and long-term steady development while also cultivating professional talent, creating value for clients, fulfilling our corporate social responsibility, exerting influence as a world-class corporation, and becoming a sustainable enterprise.

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PSA MANAGEMENT TEAM

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ABOUT PSA ALLIANCE(PSA)

PSA manufactures key electronic components, which are organized into four major business entities, in order to provide clients with the best one-stop industry product solutions, and can be found virtually in all electronic devices around consumers’ lives.

In 1989, Walsin Lihwa Corporation acquired Wanpan Electronics, with Mr. Yu-Cheng Chiao serving as chairman. The company name was changed to Walsin Technology in 1992. In the same year, the company merged with Walsin Lihwa’s electronics division and began mass production of passive components, and Mr. Yu-Heng (Anthony) Chiao became the Chairman. Therefore, he started developing new electronic components and services at Walsin Technology. Walsin Technology’s rapid growth was trigged by having strategic alliances that leveraged the industry’s value chain and resource sharing. Eventually, Passive System Alliance was officially founded in 2002 with ten companies under its banner.

The total revenue of Passive System Alliance (PSA) was NT$107 billion in 2019, placing it among the top 100 Taiwanese groups. PSA currently has more than 30,000 employees, as well as more than 30 production bases worldwide located in regions such as Taiwan, China, Japan, and Malaysia. PSA has also established 17 service bases around the world to sell high-quality products, as well as to serve top-tier corporate customers internationally.

The core business of PSA is electronic components, which are key components of industrial and consumer electronics products and industries. These products are technology-intensive and very diverse, and include rigid/flex PCBs, capacitors, resistors, inductors, RF components, modules, connectors, EMS, and Memory IC Assembly and Testing services. The electronic components of PSA are widely used in various electronic products, from computer and communication servers, set-top boxes (STB) for digital information conversion, mobile phones, tablets, and game consoles, to automotive, medical, military, and industrial applications. Not only do we provide clients with the best one-stop industry product solutions for consumer electronics and specialty industrial applications, we have also become an integral part of consumers’ lives. PSA currently has seven listed companies and three overseas companies, which fall under four major business entities, as well as one reinvestment company:

Passive components and electronic protection components

Walsin Technology (2492. TW)
Prosperity Dielectrics Co., Ltd. (6173.TW)
INPAQ Technology (6284.TW)
Nitsuko Electronics Corporation (Nitsuko,Japan)
KAMAYA ELECTRIC (Kamaya)

PCB printed circuit boards

HannStar Board Corporation (5469.TW)
Global Brands Manufacture Ltd. (6191.TW)
ELNA PRINTED CIRCUITS (Japan)

EMS electronic manufacturing service solutions

Global Brands Manufacture Ltd. (6191.TW)
Info-Tek Corporation (8183.TW)

Memory IC Assembly and Testing

Walton Advanced Engineering, Inc. (8110.TW)

Investees

Career Technology Co., Ltd. (6153.TW)

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MAJOR GROUP ACHIEVEMENTS

The PSA team has achieved many leading world-class results through its efforts in production, innovation, and development.

 

 

Products: RF components & high frequency inductors, surface acoustic wave filters, ASM, disc capacitors & MOV varistor & electronic protection components, inductors (including chip inductors) and complete circuit protection, electromagnetic interference / electromagnetic protection, power supply protection, and RF antenna product lines.

Walsin Technology is ranked second and fourth in the global market share for chip resistors (Chip-R) and multi-layer ceramic capacitors (MLCC) respectively. In addition, it occupies the largest share of the market in China for low-temperature co-fired (LTCC) ceramic filters in LTE communications applications. The company is one of the few passive component suppliers in the industry that can provide capacitors, inductors, and resistors. (source: Fuji Chimera Research Institute, Sept. 2018 and internal data)

Prosperity Dielectrics Co., Ltd. is one of the world’s top two providers of high-frequency microwave application powder by supply volume. It is also the only passive component supplier in Taiwan that can provide all specialty capacitors, inductors, and resistors. (source: internal data)

INPAQ Technology is the global market leader in shipment volume for high-frequency antenna products such as GPS, car navigation system antennae, and NFC.

The combined total production capacity for printed circuit boards (PCBs) of HannStar Board Corporation and Global Brands Manufacture Ltd. ranks number one globally, with the revenue ranking eighth in the world. In addition, Global Brands Manufacture Ltd. is also the first PCB company in Taiwan to expand its production base to Japan and Malaysia.     (source: internal data and NTI,

http://www.huading-group.com/PCB%20web/ThemeGallery78/2017.pdf)

We also provide EMS for global automotive electronics, industrial controllers, medical electronics, and consumer electronics. In particular, Global Brands Manufacture Ltd. specializes in industrial electronics assembly and is a leading OEM brand for electric machine tools. Info-Tek Corporation is an elite EMS supplier of professional battery management for new energy vehicles.

Walton Advanced Engineering, Inc. is a leading global memory IC back-end service brand, that provides the most comprehensive memory IC and multi-chip packaging test solutions across all memory technology generations.

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CORPORATE PHILOSOPHY

The seven major business philosophy principles of Passive System Alliance (PSA):

  • Integrity First
  • Treat Customers as Partners
  • Focus and Quality as Top Priority
  • Globalization
  • Stabilization and Talent Development
  • Shareholder Value, Employee Well-being, and Social Responsibility are Equally Important. (Value Key Stakeholders)
  • Collaboration

  • Integrity First
    • The core value of the company is “integrity”.
    • We become friends with our customers through courtesy and sincerity. We are not boastful or hypocritical. Once we make a promise, we are fully committed to keeping it.
    • Internally, we do not tolerate corruption, we praise integrity, we are not vain or boastful, and we do not reach for what is beyond our grasp.
    • When it comes to our partners and suppliers, we develop cooperative relations with an honest, fair, and professional attitude.
  • Treat Customers as Partners
    • Customers are our most important partners in growth. We prioritize our customers’ needs in order to continuously create value for customers, thus becoming important long-term partners that customers trust and rely on for success. Together, we create mutual benefit for all parties.
  • Focus and Quality as Top Priority
    • Our core business is “electronic components”, which are key components of industrial and consumer electronics products and industries. These products are technology-intensive and very diverse, and include rigid/flex PCBs, capacitors, resistors, inductors, RF components, modules, connectors, EMS, and IC packaging and testing services. We provide customers with the best one-stop industry product solutions.
    • We have invested deeply in our technology and adhere to the principle of “not getting involved in which we are unskilled, and not forgetting our core competences”. We do not take part in expansions unrelated to our core business, and focus on our business through thorough implementation and discipline. We implement the principle of “better small than big, better good than small”. We always endeavor to ensure the quality of our products, so that our cost and quality are always competitive. These are the foundations of our success.
  • Globalization
    • We do not impose restrictions upon ourselves, instead, our vision is on the global market. The electronic components and services industry transcends borders, and our competitors come from all over the world. Therefore, although we are based in Taiwan, we have also expanded our deployment globally, established production and service bases in major markets, recruit local talent all over the world, produce and sell top-quality products, and create international-level industry influence.
  • Stabilization and Talent Development
    • We believe that the sustainable operation of a company is a marathon, not a sprint. We must not exhaust all resources in an instant; instead, it is necessary to “build a sturdy wall and accumulate a large store of food”. It is better to ensure stable growth than quick short-term gains. We do not over-expand or over-reach. Proper long-term strategic planning and careful thinking are the key to consistent success. For example, if something costs ten dollars, we will find a way to do it with only eight dollars. The two dollars we save will help ensure we can make it through difficult dips in this volatile market.
    • We are committed to the principle of “consistency” and implement it in our credit and financial accounting audits. We pursue precise and conservative financial policies, while our accounting standards are always rigorous and transparent. “Winning one battle does not guarantee winning the war”. Thus, we are always cautious and wary, and take each step with great care, to make sure that our foundations never waver.
    • Long-term strategies require resolute execution. We pay attention to our heritage, systematically cultivate industry talent, and carefully seek out the best people for the job so that everyone can fully utilize their skills. We have established a talent training and reward mechanism so that our professional colleagues can collaborate with each other and grow together.
  • Shareholder Value, Employee Well-being, and Social Responsibility are Equally Important. (Value Key Stakeholders)
    • As a listed company, our employees and shareholders are both important elements for the company’s growth. It is the company’s responsibility to ensure that shareholders’ investments will gain reasonable returns, and that the employees are provided with proper care and benefits.
    • A company’s success also depends on the supply of resources and support from the local environment. Therefore, profitability should also include benefiting others. Consequently, we attach great importance to corporate social responsibility and we contribute to the sustainable development of society and the environment.
  • Collaboration
    • Passive System Alliance (PSA) is a corporate strategic alliance. We place each company in the Group in the optimal position to create a mutually beneficial resource sharing system. The individual members of the Business Group must be able to collaborate, respect each other, and pursue common goals, in order to create synergy, which will in turn provide customers with better services.

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LOOKING TO THE FUTURE

The strong demand brought by new technologies in the Internet and electronics end-products will create endless possibilities for the application of electronic components in the future.

More intensive and effective implementation of technology is the cornerstone of corporate growth. In addition to setting up research and development centers in various production bases in Taiwan, we will continue to invest in independent research and development, as well as technological innovation for specialty materials. Based on the Group’s competences in materials technology, PSA has developed basic materials such as nanomaterial, polymers, semiconductors, and ceramics. We also analyze customer needs from a professional design perspective. In the front-end manufacturing processes, component characteristics are produced through material technologies such as low temperature co-fired ceramics, thick film printing, semiconductor manufacturing, laser manufacturing, and surface bonding technology. The front-end processes combined with back-end packaging technologies allow us to provide customers with the best solutions.

Electronic components play a constant and indispensable role in the development of industrial and consumer products. Any product that requires electricity needs electronic components. Therefore, these components must be safe and accurate, with rapid and stable information transmission capabilities to offer people greater functionality and convenience in their lives.

In response to the strong growth demand for Internet and electronics end-products brought by the development of new technologies, such as global information and communications, Industry 4.0, self-driving cars, 5G high-speed and high-frequency transmissions, the Internet of Things, smart cities, satellite communications, weather forecasting, and mobile and wearable devices, applications of the electronic component industry will bring infinite possibilities to everyday life in the future.

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