TSC continues to invest in product R&D and technological innovation, gradually introducing more professional talents and technologies. As the scale continues to grow, TSC expanded R&D team in 2022, including new technical professionals in ESD, Wide Bandgap semiconductors, and other product lines. The workforce of the R&D team is Since 2020, the annual investment in innovative R&D has increased year by year, and its percentage of net revenue has also increased with revenue growth.
| Item | 2020 | 2021 | 2022 |
| R&D Expenses | 42,296 | 56,976 | 81,604 |
| Net Revenue | 3,642,461 | 4,803,477 | 5,699,155 |
| Percentage of Net Revenue | 1.16% | 1.19% | 1.43% |
In 2022, TSC launched a number of new product development projects, including MOSFETs, voltage stabilizer ICs, ESD and other products, aiming to complete verification and mass production from 2023 to 2025. The products involve different semiconductor technology applications, such as automotive electronics, Advanced Driver Assistance Systems (ADAS), Internet of Things, 5G, etc., laying the foundation for the company’s longterm development.
TSC has established an effective project management system to track and manage tasks and progress across departments to respond to the technical challenges, market
uncertainties, product design, and quality control issues associated with developing new products. Additionally, the Company conducts training and exchange activities to enhance employees’ skills and knowledge in product development, and to promote cross-department collaboration and communication.
In pursuance of continue practicing product innovation, TSC not only improves the manufacturing process, but also considers the long-term development of technology and the accumulation of experience. Therefore, TSC began to establish a Knowledge Management System (KMS) starting in 2022 to systematically store technical data and documents, enhance the convenience of technical data transfer and reuse, and accelerate the development timeline of R&D projects. In the past, without establishing a project technology and research data knowledge base, once the project took a long time or the R&D personnel resigned, the experience of the R&D project would be challenging to pass on, hindering the accumulation of product technology and knowledge. Thus, starting in 2022, TSC has successively completed the KMS hardware equipment construction and plans to introduce R&D projects in 2023, transforming existing technical documents from paper to digital format, and establishing an SOP document library related to electrical measurement and instrument equipment.
KMS will provide functions such as document management, advanced search, and knowledge mapping. TSC will classify and manage technical documents based on the framework, and establish a knowledge map that includes relevant resources such as technical development documents, databases, and expert opinions. The main purpose of this system is to establish a database for project R&D technology, greatly improving team efficiency and increasing the reference value or re-usability of technical documents.
For more details, please refer to TSC 2022 ESG Report, Chapter 2.1.2 Innovation and R&D.
