SIWARD Business Summary

SIWARD Crystal Technology (2484.TW) operates as a vertically integrated manufacturer specializing in the research, development, and mass production of quartz-based frequency control and timing devices. The company generates revenue through the direct sale of high-precision components, including quartz crystals, crystal oscillators (OSCs), temperature-compensated crystal oscillators (TCXOs), and voltage-controlled crystal oscillators (VCXOs), primarily serving the 5G telecommunications, automotive electronics, IoT, and consumer hardware sectors. Its business is organized into key reportable segments—Siward Taiwan, Siward Japan, and Apex Optech Corporation—with the Taiwan operations serving as the primary revenue engine and manufacturing hub. Within the competitive landscape, SIWARD maintains a mid-tier global market position, competing directly with industry leaders such as TXC Corporation, Harmony Electronics, and Tai-Saw Technology, distinguishing itself through specialized RF bonded wafer technology and a robust supply chain for miniaturized high-stability components. The leadership team is anchored by Chairman Tseng Yin Tang, who brings extensive technical pedigree as an Honorary Master from the National Taiwan University of Science and Technology and oversees the group’s strategic expansion across its international subsidiaries. The executive management is led by President (CEO equivalent) Tseng Jung Meng, a Feng Chia University EMBA alumnus with deep operational expertise in the quartz industry, supported by Vice President of Manufacturing Liu Ping Feng and R&D Senior Manager Lai Chih Cheng. The board of directors is characterized by long-standing industry experience, with key governance oversight provided by Chief Corporate Governance Officer Huang Ling-Ling. Notably, the company maintains strategic investment interests in the global frequency control market, recently appearing in high-profile corporate actions such as the proposed divestment of its stake in Rakon Limited to Bourns, Inc., reflecting its active role in industry consolidation.