EMEMORY TECHNOLOGY Business Summary

eMemory Technology Inc. (3529.TWO) operates as the world’s largest pure-play developer of logic-based non-volatile memory (Logic NVM) silicon intellectual property (IP). The company employs a high-margin business model centered on licensing fees, non-recurring engineering (NRE) charges, and production-based royalties, which accounted for approximately 67% of total revenue as of Q4 2025. Its primary business segments are categorized by memory endurance and functionality: One-Time Programmable (OTP) solutions like NeoBit and NeoFuse, Multiple-Time Programmable (MTP) units such as NeoMTP and NeoEE, and its rapidly expanding hardware security division, PUFsecurity, which leverages Physical Unclonable Functions (PUF). eMemory maintains a dominant market position by providing foundry-neutral IP across advanced process nodes down to 3nm, competing directly with M31 Technology, Rambus, and the IP divisions of Synopsys and Cadence Design Systems. The company was founded in 2000 by Chairman Dr. Charles Hsu, a former IBM T.J. Watson researcher and National Tsing-Hua University professor who holds over 200 semiconductor patents. The executive leadership team includes President Michael Ho, who previously managed NVM development at TSMC and Vanguard International Semiconductor, and CTO Ching-Yuan Lin, who oversees the firm’s technical roadmap. Recent strategic appointments include Executive VP and COO Mr. Lu, a TSMC and Philips veteran, and Senior VP Mr. Chen, who leads the OTP Business Group. The company’s board is notable for its technical depth, featuring independent directors like Dr. Jack Sun, the former CTO of TSMC. Major institutional backing is provided by global investment firms including Capital Group (Smallcap World Fund), Vanguard, and Fidelity, reflecting the company’s critical role in the global AI, automotive, and IoT supply chains.