ANDES TECHNOLOGY Business Summary

Andes Technology Corp (6533.TW) is a leading pure-play provider of high-performance, low-power 32/64-bit embedded processor intellectual property (IP), primarily leveraging the open-standard RISC-V architecture. The company generates revenue through a multi-tiered model consisting of upfront licensing fees for its AndesCore™ processor families, recurring royalties based on customer chip shipments, and supplemental income from custom computing services and maintenance contracts. Its primary business segments encompass CPU IP cores, the AndeShape™ hardware development platform, and the AndeSoft™ software stack, with a strategic focus on high-growth sectors including artificial intelligence (AI), automotive safety (ISO 26262 certified), and IoT. Andes competes directly with SiFive, Arm Holdings, Ventana Micro Systems, and Alibaba T-Head, positioning itself as a premier, vendor-neutral alternative to proprietary architectures by offering highly customizable extensions (ACE) that optimize performance for domain-specific accelerators. The company was founded in 2005 by a team of industry veterans led by Chairman and CEO Frankwell Lin and President/CTO Dr. Charlie Su, with significant initial backing from MediaTek Chairman Ming-Kai Tsai. Frankwell Lin, a former executive at United Microelectronics Corporation (UMC) and Faraday Technology, has steered the company from its proprietary AndeStar™ origins to its current RISC-V leadership. Dr. Charlie Su, the company’s first employee and chief architect, brings a distinguished Silicon Valley pedigree with prior roles at Sun Microsystems, C-Cube Microsystems, and MIPS, where he contributed to landmark designs like the UltraSPARC T1 and R10K. Andes maintains a strong strategic relationship with MediaTek, which remains a notable shareholder with approximately a 13% stake, while the board includes representation from institutional investors such as Darwin Venture Management.