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ContentContent
Company OverviewCompany Overview
Sales & MarketingSales & MarketingProducts & TechnologyProducts & Technology
AppendixAppendix
Manufacturing Process GuidelineManufacturing Process GuidelineManufacturing Process Guideline
Financial OverviewFinancial Overview
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Company OverviewCompany Overview
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Company Profile
• TXC Corporation, founded in 1983, is a leading professional frequency
control product manufacturer. We have devoted to the research, design,
manufacture, and sale of Dual-Inline-Package (DIP) and Surface Mount
Device (SMD) quartz crystal products. TXC now specializes in four
categories of products such as high quality Quartz Crystal, Crystal
Oscillator (CXO), Surface Acoustic Wave (SAW) Filter, and Timing Module
(TM).
• Our goal is to add value to our customers by providing a complete solution
of frequency devices and modules, design-in service to fully satisfy
various needs of the esteemed customers. We believe based upon the
competence of cost effectiveness, quality, lead-time, and customer service
TXC will go beyond customers' expectation.
• www.txccorp.com
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1983
Established TCXO Production Lines
Established SMD Production Lines
1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 20061984 …
Implemented Oracle ERP
Founded- Capital US$ 95,000 IPO’ed Increased Capital to US$ 34.8M
Listed in Main Board of Taiwan Security Exchange (Code- 3042)
Ranked 6th Largest Crystal/Oscillator Manufacturer in the World
Ranked 8th Largest Crystal/Oscillator Manufacturer in the World
Completed new Ningbo Factory in China
Established SAW Production Lines
Total capacity can up to 112 M /m
2007
Total capacity can up to 191 M /m
2008
MilestonesMilestones
2009
Ranked 5th
Production
Business
TS16949- Taiwan and China Factories
ISO 9001:2000 6 Sigma
IECQ QC080000
ISO 14001:1996
ISO 14001:2004
Green Product Policy & QS 9000
2010
Quality
Paid-in Capital: US$90 M
NQA Rewarded
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Headquarter - Taiwan Taipei
Factories(2)- Taiwan Ping-ChengChina Ningbo
Sales FAEs(10) - Taiwan TaipeiChina Shanghai, Suzhou, Shenzhen, WuhanUSA LAJapan Yokohama, OsakaEuropeSingapore
Distributors(12)- Europe-UK, Germany………
Reps(8)- Korea, India, Mexico…….
Worldwide LocationsWorldwide Locations
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CapacityCapacity
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Products and TechnologyProducts and Technology
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For CommunicationFor Communication
For InformationFor Information
For EntertainmentFor Entertainment
For For TelematicsTelematics
DPFGame Console
Desktop PCPDA
NB
PDA +GPS
NB
PDA Mobile Phone+ +
+
Mobile Phone +DSC +MP3 +WiFi
• XTAL• OSC• T/F
• XTAL• OSC• Advanced OSC• VCXO• T/F
• XTAL• OSC• TCXO• T/F
• XTAL• OSC• TCXO• T/F
• XTAL• OSC• T/F
MIMOUWBADSL/
Cable Modem
WIMAX
DSC
WLAN
PMP
TPMSHUD Keyless Entry
Infotainment System
Netbook
Smartphone
HDWiFi Keyboard/Mouse
MP3
DVDProjector
LCD TV
High PerformanceSwitch & Routers
High PerformanceComputing & Storage
HSDPA
ApplicationApplication
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Product ApplicationProduct Application
.
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1.6x1.2(8Q)
1.6x1.22.5x2.03.2x2.5(7V)6x3.57x58x4.5(6X) 5x3.2(7A)
Dip Type
Glass Type
Seam Type
Crystal by Package Size
2.0x1.6(8Y)2.5x2.0(8Z)3.2x2.5(7M)6x3.5(6V)7x5(6P)8x4.5 5x3.2(7B)
5x3.2(4 pads, 7Y)
2.0x1.6
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7x5(6U)14x9(7H) 5x3.2
VCXO
CXO
2.0x1.6(8N)2.5x2.0(8W)3.2x2.5(7X)6x3.57x5(7W)14x9(7J) 5x3.2(7C) 1.6x1.2
Oscillator by Package SizeOscillator by Package Size
2.0x1.6(7Z)2.5x2.0(7L)3.2x2.5(7Q)6x3.57x514x9 5x3.2
TCXO
1.6x1.2
(Sample Ready)
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Automotive Products
Automotive Products
Wireless Communication
Wireless Communication
Mobile
Bluetooth
WLAN
PC / ConsumerPC / Consumer
Multimedia
Desktop/Laptop
Peripherals
Digital Imaging
Others
Compact Low Power
High Frequency
Low Jitter
High Reliability
Quartz SensorQuartz Sensor
Pressure
Gyroscopes
Gases
Non-Safety
TPMS
Matured products:Matured products:
Technology Integration
Safety
PNDPND
GPS
CrystalCXOTuning Fork
High
Stability
Products and Technology StrategiesProducts and Technology Strategies
TCXO
Advanced Oscillators and Advanced Oscillators and Modules (AOM):Modules (AOM):
Networking INetworking I
WAN (FC/GbE/FCoE)
TelecomDatacom
Networking IINetworking II
MAN
Long Haul
High Frequency
High Stability
HF OscillatorHF VCOTCXO
Stratum 3 TCXOFX/CDROCXO
ZERO Defect AutomotiveProducts
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Product Plan Product Plan
2011 20122010
SMD Crystal 1210
SMD HF CXO (PECL/LVDS) 5032
SMD VCXO (CMOS) 2520
SMD HF VCXO (PECL/LVDS) 5032
SMD Tuning Fork 2012
High Frequency 500MHz SO (PECL/LVDS)491.52 MHz VCXO (PECL/LVDS) 622.08 MHz VCSO (PECL/LVDS)
Frequency Synthesizer
SMD TCXO
Ultra stable +/-0.14 ppm TCXO (Stratum 3)+/- 0.14 ppm OCXO +/- 3 ppb OCXO
Tuning Fork Oscillators Output Magnitude Adjustable
Miniaturization
Diversification
2016 (Mass Run) 1612
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Sales & MarketingSales & Marketing
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Business ModelBusiness Model
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Worldwide Ranking & Market ShareWorldwide Ranking & Market ShareWorldwide Revenue of the Top Crystal and Oscillator Suppliers (Unit: Millions of Dollars)
* Data Courtesy of CS & A
CS&A forecasts 7.5% YoY Growth in 2010, and 6.1% in 2011
1818
2010 WW Volume 2010 WW Volume v.sv.s. Revenue . Revenue Comparison by ProductsComparison by Products
88.6%53%
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Market ShareMarket Share
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Market ShareMarket Share
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Market ShareMarket Share
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Market ShareMarket Share
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2009 2010(F)
ACAP0.4% NETWORKING
25.3%
GLOBAL/EMS17.5%MOBILE
20.5%
PC14.5%
CONSUMER10.7%
NETWORKING25.8%
GLOBAL/EMS19.6%MOBILE
21.3%
PC14.4%
CONSUMER10.4%
ACAP1.0%
Sales Revenue by Marketing FieldSales Revenue by Marketing Field
Others11.1%
Others7.4%
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Financial OverviewFinancial Overview
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0
50
100
150
200
250
300
Operating Revenue 61 80 95 116 162 194 228 240
2002 2003 2004 2005 2006 2007 2008 2009
Operating Revenue Operating Revenue
(Unit: Millions of Dollars)
31%19%
22%
40%
20%18%
5%
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Revenue TrendRevenue Trend
26
2727
Gross Profit TrendGross Profit Trend
2828
Net Income TrendNet Income Trend
2929
Balance Sheets & Key IndexBalance Sheets & Key IndexUnit: NT$ in Million
Item 09.Q3 09.Q4 10.Q1
Current Assets $ 4,759 $ 5,175 $ 5,854
Notes & Account receivables $ 2,418 $ 2,468 $ 2,447
Inventories $ 803 $ 837 $ 869
Fixed assets $ 4,102 $ 4,110 $ 4,103
Total assets $ 9,045 $ 9,465 $ 10,205
Notes & Account payables $ 1,278 $ 1,264 $ 1,216
Current liabilities $ 2,257 $ 2,566 $ 2,447
Long-term liabilities $ 1,171 $ 893 $ 1,456
Total liabilities $ 3,444 $ 3,544 $ 3,947
Shareholders' equity $ 5,601 $ 5,921 $ 6,258
Debt ratio 38.08% 37.44% 38.68%
Current Ratio 210.86% 201.69% 239.22%
Quick Ratio 169.68% 164.03% 189.02%
Net Value Per Share $ 19.49 $ 20.51 $ 21.51
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Dividend PolicyDividend Policy
• Compensation payable to directors and supervisors– 1%-2%
• Employee Bonus– 10%-15%
3131
CapEx Line Amount$ Date (F) Capacity/M Revenue/M (F)
Ping-Cheng factoryexpansion plant (2) 320
SMD Seam X’tal (TWN)2016 / 1612 4 240 1H.3Q 4.0M 48
SMD TC / VC XO (TWN)3225 / 2520 / 2016 4 320 2Q.4Q 3.0M 55
SMD TF (TWN)2012 2 100 3Q 2.0M 12
NGB factoryexpansion plant 110
SMD Glass X’tal (NGB)5032 / 3225 15 300 2Q 15.0M 45
SMD Seam X’tal (NGB)3225 / 2520 9 250 3Q.4Q 9.0M 35
Total 34 1,640 33.0M 195
2010 Overall Capacity +30%; Advanced Capacity +50%2010 Overall Capacity +30%; Advanced Capacity +50%Unit: PCS / NT$ Million
Capital Expenditures Capital Expenditures
3232
TXC
Strategy in
09
AOM products shipment will ramp up along with raising Cloud Computing and Smart Grid applications
Revenue will ramp up quarter by quarter
China Market is still the major sales driving force
Business HighlightsBusiness Highlights
Wireless modules will remain high growth along with worldwide WPAN development
Will continue penetrating worldwide market with Smart Phone and GPS Applications
Revenue will ramp up Quarter-over-QuarterGross margin rate will gradually grow up
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Appendix Manufacturing Process Guideline
Appendix Manufacturing Process Guideline
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Blank ProcessBlank Process
Wire Sawing
Quartz Bar
A1 2 34 5 67 8 90 EN
BCD
22.1372
Wafer Frequency Lapping
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SMD Process and structureSMD Process and structure
IC Die Bonding
Wire Bonding
Blank Cleaning
Base Plating
Frequency Adj.
Final Testing
Marking
Taping
Seam Sealing
Mechanical Testing
Blank Auto- Mounting
Cry
stal
Osc
illat
or
Oscillator
■40.000
TXC CM211 ■ 24.576
TXC CN001
Crystal
Metal Lid
Plated Blank
Ceramic Package
( Bottom )
Ceramic Package
( top )
Oscillation IC
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Thank You!Thank You!Thank You!