INPAQ Business Summary

INPAQ Technology Co., Ltd. (6284.TWO) is a premier manufacturer of circuit protection and radio frequency (RF) components, operating as a strategic pillar within the Passive System Alliance (PSA). The company generates revenue through three primary business segments: High-Frequency Components (antennas for GPS, 5G, and LEO satellites), which contribute approximately 55% of total sales; Protection Components (ESD, TVS, and varistors) at 24%; and Power Solutions (inductors and transformers) at 12%. INPAQ’s competitive advantage lies in its "one-stop service" model, providing integrated modular solutions for the automotive and telecommunications sectors, where it maintains a dominant 30-40% global market share in GPS antennas. In the broader market, INPAQ competes with global leaders such as TDK Corporation, Murata Manufacturing, and Yageo Corporation, positioning itself as a high-margin specialist in automotive navigation and high-frequency wireless modules. The company’s leadership is anchored by Chairman and CEO Dr. Duen-Jen Cheng, who holds a Ph.D. in Materials Science and has spearheaded the firm’s expansion into advanced RF materials and automotive electronics. He is supported by General Manager Dr. Ming-Tsan Tseng, an expert in chemical engineering who oversees the company’s global manufacturing footprint, including the high-capacity Zhunan production facilities. As a strategic member of the PSA group, INPAQ operates under the broader guidance of PSA Chairman Anthony Chiao (Chiao, Yu-heng), whose leadership facilitates cross-group synergies with parent company Walsin Technology Corp. Walsin remains the largest shareholder with a 37.89% stake, while other notable institutional investors include Hontai Life Insurance and various international mutual funds, ensuring a stable capital structure for the company’s ongoing R&D in 5G, Wi-Fi 7, and satellite communication technologies.