| Operating Segments Information |
|
OPERATING SEGMENTS INFORMATION | The Group has the following reportable segments: Packaging, Testing and EMS. The Group packages bare semiconductors into finished semiconductors with enhanced electrical and thermal characteristics; provides testing services, including front-end engineering testing, wafer probing and final testing services; engages in the designing, assembling, manufacturing and sale of electronic components and telecommunications equipment motherboards. Information about other business activities and operating segments that are not reportable are combined and disclosed in “Others.” The Group engages in other activities such as substrate production as well as sale and leasing of real estate properties. The accounting policies for segments are the same as those described in Note 4. The measurement basis for resources allocation and performance evaluation is based on profit before income tax.
| |
a. |
Segment revenues and operation results |
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For the year ended December 31, 2023 |
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Revenue from external customers |
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$ |
256,805,887 |
|
|
$ |
49,879,923 |
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$ |
268,218,002 |
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$ |
7,010,659 |
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$ |
- |
|
|
$ |
581,914,471 |
|
Inter-group revenues (Note 1) |
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4,550,622 |
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|
447,279 |
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26,639,833 |
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6,776,002 |
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(38,413,736 |
) |
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- |
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Segment revenues |
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261,356,509 |
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50,327,202 |
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294,857,835 |
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13,786,661 |
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- |
|
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620,328,207 |
|
Interest income |
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|
188,704 |
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|
124,443 |
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|
|
1,087,121 |
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|
113,139 |
|
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- |
|
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|
1,513,407 |
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Interest expense |
|
|
(2,907,679 |
) |
|
|
(720,145 |
) |
|
|
(1,816,814 |
) |
|
|
(794,272 |
) |
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|
- |
|
|
|
(6,238,910 |
) |
Depreciation and amortization |
|
|
(34,110,372 |
) |
|
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(16,173,653 |
) |
|
|
(5,335,496 |
) |
|
|
(2,482,342 |
) |
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- |
|
|
|
(58,101,863 |
) |
Share of the profit or loss of associates and joint ventures |
|
|
916,310 |
|
|
|
134,667 |
|
|
|
38,211 |
|
|
|
(8,588 |
) |
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|
- |
|
|
|
1,080,600 |
|
Impairment loss |
|
|
(81,133 |
) |
|
|
(65,437 |
) |
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|
- |
|
|
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- |
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- |
|
|
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(146,570 |
) |
Segment profit before income tax |
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25,405,636 |
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9,369,875 |
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9,216,053 |
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(1,379,741 |
) |
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- |
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42,611,823 |
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Expenditures for segment assets |
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27,881,152 |
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13,664,416 |
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6,207,532 |
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1,005,549 |
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- |
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48,758,649 |
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December 31, 2023 |
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Investments accounted for using the equity method |
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|
15,159,266 |
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2,338,125 |
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2,160,112 |
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20,811 |
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- |
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19,678,314 |
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Contract assets |
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4,066,174 |
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1,033,902 |
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- |
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- |
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- |
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5,100,076 |
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For the year ended December 31, 2024 |
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Revenue from external customers |
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|
261,731,413 |
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|
54,561,480 |
|
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|
271,293,309 |
|
|
|
7,823,383 |
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|
|
- |
|
|
|
595,409,585 |
|
Inter-group revenues (Note 1) |
|
|
5,829,221 |
|
|
|
420,691 |
|
|
|
35,110,458 |
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6,536,547 |
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|
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(47,896,917 |
) |
|
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- |
|
Segment revenues |
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|
267,560,634 |
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|
54,982,171 |
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|
306,403,767 |
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14,359,930 |
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- |
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|
643,306,502 |
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Interest income |
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|
223,222 |
|
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|
182,106 |
|
|
|
1,409,437 |
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|
|
68,753 |
|
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- |
|
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|
1,883,518 |
|
Interest expense |
|
|
(2,701,084 |
) |
|
|
(766,292 |
) |
|
|
(2,062,626 |
) |
|
|
(1,217,841 |
) |
|
|
- |
|
|
|
(6,747,843 |
) |
Depreciation and amortization |
|
|
(33,951,864 |
) |
|
|
(17,457,538 |
) |
|
|
(5,895,380 |
) |
|
|
(2,510,430 |
) |
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|
- |
|
|
|
(59,815,212 |
) |
Share of the profit or loss of associates and joint ventures |
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|
698,852 |
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|
|
53,574 |
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|
152,996 |
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(8,720 |
) |
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|
- |
|
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|
896,702 |
|
Impairment loss |
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|
(121,992 |
) |
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|
(2,845 |
) |
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|
(51,186 |
) |
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|
- |
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|
- |
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|
|
(176,023 |
) |
Segment profit before income tax |
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|
28,948,970 |
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10,616,147 |
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|
7,594,473 |
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|
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(5,426,217 |
) |
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|
- |
|
|
|
41,733,373 |
|
Expenditures for segment assets |
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|
58,566,380 |
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|
31,397,079 |
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|
5,551,760 |
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|
|
692,327 |
|
|
|
- |
|
|
|
96,207,546 |
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December 31, 2024 |
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|
|
|
Investments accounted for using the equity method |
|
|
15,422,237 |
|
|
|
2,618,682 |
|
|
|
2,355,629 |
|
|
|
26,792 |
|
|
|
- |
|
|
|
20,423,340 |
|
Contract assets |
|
|
4,337,297 |
|
|
|
1,303,020 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
5,640,317 |
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|
For the year ended December 31, 2025 |
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|
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|
|
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|
|
Revenue from external customers |
|
|
308,342,594 |
|
|
|
71,900,228 |
|
|
|
257,192,747 |
|
|
|
7,952,141 |
|
|
|
- |
|
|
|
645,387,710 |
|
Inter-group revenues (Note 1) |
|
|
5,671,362 |
|
|
|
557,926 |
|
|
|
31,708,367 |
|
|
|
8,430,074 |
|
|
|
(46,367,729 |
) |
|
|
- |
|
Segment revenues |
|
|
314,013,956 |
|
|
|
72,458,154 |
|
|
|
288,901,114 |
|
|
|
16,382,215 |
|
|
|
- |
|
|
|
691,755,439 |
|
Interest income |
|
|
158,334 |
|
|
|
178,655 |
|
|
|
1,471,308 |
|
|
|
71,388 |
|
|
|
- |
|
|
|
1,879,685 |
|
Interest expense |
|
|
(3,247,286 |
) |
|
|
(1,199,998 |
) |
|
|
(1,931,523 |
) |
|
|
(1,099,593 |
) |
|
|
- |
|
|
|
(7,478,400 |
) |
Depreciation and amortization |
|
|
(37,261,275 |
) |
|
|
(22,205,667 |
) |
|
|
(5,622,193 |
) |
|
|
(2,350,702 |
) |
|
|
- |
|
|
|
(67,439,837 |
) |
Share of the profit or loss of associates and joint ventures |
|
|
648,174 |
|
|
|
33,103 |
|
|
|
145,186 |
|
|
|
(10,473 |
) |
|
|
- |
|
|
|
815,990 |
|
Impairment loss |
|
|
(47,482 |
) |
|
|
(38,030 |
) |
|
|
(40,192 |
) |
|
|
(480,277 |
) |
|
|
- |
|
|
|
(605,981 |
) |
Segment profit before income tax |
|
|
31,039,237 |
|
|
|
15,124,700 |
|
|
|
7,654,796 |
|
|
|
(2,515,637 |
) |
|
|
- |
|
|
|
51,303,096 |
|
Expenditures for segment assets |
|
|
113,391,501 |
|
|
|
51,649,837 |
|
|
|
5,894,373 |
|
|
|
680,818 |
|
|
|
- |
|
|
|
171,616,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments accounted for using the equity method |
|
|
19,312,606 |
|
|
|
3,355,902 |
|
|
|
2,362,319 |
|
|
|
- |
|
|
|
- |
|
|
|
25,030,827 |
|
Contract assets |
|
|
6,067,444 |
|
|
|
1,500,668 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
7,568,112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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| |
|
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| |
|
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| |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue from external customers |
|
$ |
9,829,219 |
|
|
$ |
2,292,006 |
|
|
$ |
8,198,685 |
|
|
$ |
253,495 |
|
|
$ |
- |
|
|
$ |
20,573,405 |
|
Inter-group revenues (Note 1) |
|
|
180,789 |
|
|
|
17,785 |
|
|
|
1,010,786 |
|
|
|
268,731 |
|
|
|
(1,478,091 |
) |
|
|
- |
|
Segment revenues |
|
|
10,010,008 |
|
|
|
2,309,791 |
|
|
|
9,209,471 |
|
|
|
522,226 |
|
|
|
- |
|
|
|
22,051,496 |
|
Interest income |
|
|
5,047 |
|
|
|
5,695 |
|
|
|
46,902 |
|
|
|
2,276 |
|
|
|
- |
|
|
|
59,920 |
|
Interest expense |
|
|
(103,516 |
) |
|
|
(38,253 |
) |
|
|
(61,572 |
) |
|
|
(35,052 |
) |
|
|
- |
|
|
|
(238,393 |
) |
Depreciation and amortization |
|
|
(1,187,800 |
) |
|
|
(707,863 |
) |
|
|
(179,222 |
) |
|
|
(74,934 |
) |
|
|
- |
|
|
|
(2,149,819 |
) |
Share of the profit or loss of associates and joint ventures |
|
|
20,663 |
|
|
|
1,055 |
|
|
|
4,628 |
|
|
|
(334 |
) |
|
|
- |
|
|
|
26,012 |
|
Impairment loss |
|
|
(1,514 |
) |
|
|
(1,212 |
) |
|
|
(1,281 |
) |
|
|
(15,310 |
) |
|
|
- |
|
|
|
(19,317 |
) |
Segment profit before income tax |
|
|
989,456 |
|
|
|
482,139 |
|
|
|
244,016 |
|
|
|
(80,192 |
) |
|
|
- |
|
|
|
1,635,419 |
|
Expenditures for segment assets |
|
|
3,614,648 |
|
|
|
1,646,472 |
|
|
|
187,898 |
|
|
|
21,703 |
|
|
|
- |
|
|
|
5,470,721 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments accounted for using the equity method |
|
|
615,639 |
|
|
|
106,978 |
|
|
|
75,305 |
|
|
|
- |
|
|
|
- |
|
|
|
797,922 |
|
Contract assets |
|
|
193,415 |
|
|
|
47,838 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
241,253 |
|
| |
Note 1: |
Inter-group revenues were eliminated upon consolidation. |
| |
Note 2: |
The disaggregated product and service type from the Group’s contract with customer is the same as those disclosed in above reportable segment. |
| |
b. |
Revenue from major products and services |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Packaging service |
|
$ |
256,805,887 |
|
|
$ |
261,731,413 |
|
|
$ |
308,342,594 |
|
|
$ |
9,829,219 |
|
Testing service |
|
|
49,879,923 |
|
|
|
54,561,480 |
|
|
|
71,900,228 |
|
|
|
2,292,006 |
|
EMS |
|
|
268,218,002 |
|
|
|
271,293,309 |
|
|
|
257,192,747 |
|
|
|
8,198,685 |
|
Others |
|
|
7,010,659 |
|
|
|
7,823,383 |
|
|
|
7,952,141 |
|
|
|
253,495 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
581,914,471 |
|
|
$ |
595,409,585 |
|
|
$ |
645,387,710 |
|
|
$ |
20,573,405 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Except for NT$170,970,446 thousand, NT$174,486,187 thousand and NT$161,282,046 thousand (US$5,141,283 thousand) of the operating revenues for each of the three years ended December 31, 2023, 2024, and 2025, respectively, which came from one customer (including other customers for whom OEM services were provided on its behalf) in packaging and EMS segments, no other single customer accounted for 10% or more of the total operating revenues of the Group for the years ended December 31, 2023, 2024 and 2025.
| |
d. |
Geographical information | The Group’s revenue from external customers by location of headquarter and information about its non-current assets by location of assets are detailed below.
| |
1) |
Net revenues from external customers |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended December 31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
370,306,818 |
|
|
$ |
358,708,176 |
|
|
$ |
365,789,167 |
|
|
$ |
11,660,477 |
|
Taiwan |
|
|
70,492,517 |
|
|
|
89,274,839 |
|
|
|
115,968,173 |
|
|
|
3,696,786 |
|
Asia |
|
|
75,316,422 |
|
|
|
82,989,985 |
|
|
|
97,824,930 |
|
|
|
3,118,423 |
|
Europe |
|
|
65,026,966 |
|
|
|
63,429,243 |
|
|
|
64,908,598 |
|
|
|
2,069,130 |
|
Others |
|
|
771,748 |
|
|
|
1,007,342 |
|
|
|
896,842 |
|
|
|
28,589 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
581,914,471 |
|
|
$ |
595,409,585 |
|
|
$ |
645,387,710 |
|
|
$ |
20,573,405 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taiwan |
|
$ |
291,081,213 |
|
|
$ |
393,993,690 |
|
|
$ |
12,559,569 |
|
China |
|
|
70,968,611 |
|
|
|
72,078,909 |
|
|
|
2,297,702 |
|
Others |
|
|
54,869,345 |
|
|
|
56,407,492 |
|
|
|
1,798,135 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
416,919,169 |
|
|
$ |
522,480,091 |
|
|
$ |
16,655,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-current assets exclude financial instruments, post-employment benefit assets, and deferred tax assets.
|