Sustainable visions and strategies

Sustainable visions

“Striving for excellence with innovation and dedication to become an RF component supplier offering market differentiation and outstanding performance” is RichWave’s corporate vision. Since the company was founded, we have always upheld the corporate philosophy of “perseverance,” focusing on sustainable corporate development and our six major core values of “innovation, products, problem solution, teamwork, customers, and talents” to promote sustainable development and ethical management, green manufacturing and environmental protection, innovation and quality, talent development and friendly workplace, hoping to shape a brighter future with every team member.

Development Strategy

Short-term development plan:

1. Develop various wireless products based on the market development trends of the information,communication, and consumer electronics products to accommodate our customers’ needs, thereby expanding the market share of our products.
2. Utilize the company’s accumulated technological know-how to create technical differentiation. Besides enhancing existing products, we also research cost reduction approaches and develop other products to be sold on the market to improve our product quality and strengthen product competitiveness.
3. Capitalize on Taiwan’s vertical specialization in semiconductors and excellent manufacturing capability to offer the versatility of customization, as well as maintain close collaboration with domestic foundries and packaging and testing plants to uphold production capacity and accurate product delivery dates for the sake of catering to the needs of our clients and the market.
4. Reinforce partnership with our clients and trust to provide quick, excellent technical service, as well as use channel agents to reach every corner to increase profitability and product market share.
5. Value our employee welfare policy, implement a bonus and performance reward system to boost employee morale and increase workplace cohesion.

Long-term development plan:

1. Take into consideration the market’s application needs, provide a comprehensive production collection, develop the breadth and depth of our product lines, and apply more advanced technologies to develop high-end products, to satisfy the needs of our clients and the market through a diverse product lineup.
2. Seek technical exchanges with domestic and overseas academic institutions and research organizations, as well as to forge a long-term strategic partnership with systems companies to establish our exclusive technology brand.
3. Forge a long-term partnership with SoC manufacturers, and develop and deploy reference designs for the platform in advance to expand RichWave’s market share.
4. Continue to maintain a long-term partnership with our upstream foundries, packaging, and testing plants, turning them into strategic partners to jointly develop processes with unique niches, lower production costs, and develop high-quality, competitive products.
5. Master key technologies, optimize product applications and engage in the integrated development of more advanced and sophisticated products in a bid to become a world-class industry leader.
6. Promote the concept of internationalization and harness the management capabilities of international enterprises, vigorously cultivate international talents, and aim to become an international enterprise.
7. In supporting the growth of the company’s long-term operational scale, we have applied to diverse financial management tools in the capital market to strengthen RichWave’s financial structure. Meanwhile, we have also utilized sound, diverse funding channels to assemble the most suitable capital combinations that can support the company’s operational development

Corporate Sustainability Organization

The company established the Business Continuity Planning (BCP) Management Office in June 2020 in order to align with the Sustainable Development Goals of the United Nations and promote ESG policies. In addition, the Sustainable Project Management Office was established in April 2021, with the President serving as project coordinator and the Global Affairs Office concurrently operating. The Sustainable Project Management Office is responsible for ESG and risk assessment matters. It consists of seven groups: Corporate Governance, Customer Care, Supplier Collaboration, Environmental Sustainability, Employee Well-being, Social Responsibility, and Product Development. These groups consist of representatives from various departments, each with a distinct set of abilities, experiences, and origins. The office provides periodic updates to the board of directors on the status of sustainability initiatives. The report on the company's sustainability initiatives was presented to and approved by the board of directors on December 21, 2023.

Sustainability Performance

The year 2021 was RichWave’s first year in implementing sustainable management, where the Sustainable Project Management Office was officially launched under the leadership of the President, consisting of department heads, the task force conducted an inventory of the company’s ESG status based on seven major dimensions, implementing important corporate governance systems such as the risk management policy and information security management policy approved by the Board of Directors. Project refinements are carried out focusing on key ESG issues recommended by the corporate governance evaluation, while the inaugural issue of the company’s e-newsletter was published, serving as a crucial platform for internal communication and establishing sustainable corporate values. In 2022, the Sustainable Project Management Office established a new product research and development division. This team aims to integrate and manage the company's primary products with sustainable performance, promoting sustainable development through the incorporation of professionalism and the cultivation of an internal culture of sustainability. Corporate governance systems and sustainable performance are continuously improved. In 2022, the company's score on its ninth corporate governance evaluation increased by 11% compared to the previous year (2021). Moreover, the company cultivates an ESG community presence by establishing RichWave profiles on LinkedIn, YouTube, and Youku. Specialized personnel are assigned to administer community engagement on these platforms. In order to provide stakeholders with real-time updates on the latest sustainability news, a dedicated sustainable news page has been introduced to the sustainability section of the company's website.