About CWE
Message from the Top Management
Chairman of CWE Group
Canon Huang
Success is No Accident but Hard Work and Dedication
From its establishment in 1989 as a distributor of professional packaging materials and equipment, CWE has been dedicated to the semiconductor packaging industry for more than 30 years. By playing the role of being the bridge between customers and suppliers, CWE and its partner, Sumitomo Metal Mining have jointly invested in the production of tape-COF for LCD driver ICs. In the quest for an additional outlet for production, the Company invests in SH Electronics Taiwan and Chang Wah Technology for the manufacturing of LED lead frames and packaging materials.
CWE Group’s business expansion from a distribution channel to manufacturing as well as from packaging materials to LCD, LED and consumer electronics is not a one-step, immediate process, but rather a result of many crucial factors.
Full utilization of effective resources from the parent company
The parent company, CWE, started as a distribution channel of packaging materials. Over the years, it has not only first-class IC packaging engineers, but also the support of quality partners, including excellent packaging materials from Sumitomo Bakelite, matured etching and electroplating techniques from Sumiko, and sophisticated packaging equipment, mold design, and manufacturing capabilities from Apic Yamada. CWE builds in-house core technology platform with its expertise in the raw materials and production process of lead frames, allowing Chang Wah Technology to enter the LED EMC lead frame market at an almost perfect moment and be fortunate enough to capture more than half of the market share of high-demand EMC lead frames at that time.
Support from Taiwan capital market
CWE Group also benefits from support of Taiwan capital market for small businesses, enabling Chang Wah Technology to be successfully listed on the Taipei Exchange in 2016 after a short span of two years, gaining access and capabilities to direct financing, and reserving strength for subsequent operational developments.
Full utilization of communication channels from the parent company
Unsatisfactory performance of the semiconductor industry in Japan brought Sumitomo Metal Mining to exit the lead frame market. Long-term cooperation between CWE and Sumitomo Metal Mining allows both parties to quickly reach an agreement for CWE and Chang Wah Technology to acquire five of Sumitomo Metal Mining’s lead frame factories both in and outside Japan in a seamless manner. With IDM customers taken over by Chang Wah Technology and CWE's existing customers, the Group has a complete customer outlet, and brings brand-new applications and more competitive products to the market of metal lead frame packaging.
Demonstration of self-innovation
Chang Wah Technology is capable of not only designing and modifying molds and machines, but also developing unique manufacturing processes, including precise half-etching technology for QFN which improves production efficiency by more than 33%, adoption of photomask plating to replace 80% of the former photoresist plating for QFNs, and in-house pre-mold process to enhance added value. By reengineering the lead frame manufacturing process, we have the ability to set industry standards and meet customer needs with the highest manufacturing efficiency in the industry. Despite multiple impacts of the pandemic on global economy over the past three years, CWE Group has demonstrated resilience with record-high business performances from CWE and Chang Wah Technology. As the pandemic gradually subsides, we look forward to record-setting performance from members of the CWE Group in the future.
Chairman of CWE Group Canon Huang
Chairman of CWE
Chuen-Sing Hung
Tapping into Front-end Materials and Seeking M&A Opportunities
for Sustainable Growth of CWE Group Value
From its establishment in 1989, CWE has introduced packaging materials and equipment of Sumitomo Bakelite, Sumitomo Metal Mining Group and a number of internationally renowned manufacturers in a timely and precise manner with its professional foresight and astute market insights, satisfying diverse needs of domestic packaging companies, and winning praises from both the original manufacturers and customers.
In 2020, CWE embarked on the second 30-year period. In respond to international division of labor as well as to strengthen the overall competitiveness and improve the return on equity, CWE’s business strategies first focus on engaging in the new semiconductor-related core industries and managing more diversified materials. Started as an agent for packaging materials, CWE is familiar with the packaging business, ranging from equipment to materials. It aims to extend the agency to cover the front-end segments, such as materials for wafer-level packaging, in order to expand its influence in the materials industry.
The second focus is on commitments to the manufacturing field, seeking joint venture partners at the right time and participating in business operation in order to seize new business opportunities in semiconductor-related materials or equipment. With the acquisition of Sumitomo's factories in the past, CWE is experienced in M&A and factory management. More importantly, the Group is in a strong position to expand as it is financially sound with abundant funds, which are crucial for mergers and acquisitions. In the future, the Group will have at least two major business units (BUs): one being manufacturing or industrial control, and the other being sales or trading division. The Group plans on shifting towards the investment control model.
With the goal of becoming an international professional distributor of semiconductor materials and having a say in setting standards of the semiconductor materials industry, CWE Group will continue to pursue the best interests of its shareholders, employees, and customers with joint efforts of employees and support from shareholders pursuant to the principles of professionalism, integrity, and sustainable operation while expanding the market share and revenue scale. As we always say, "Opportunities come to those who are prepared." CWE Group is ready to take on future business opportunities and challenges!
Chairman of CWEChuen-Sing Hung