TAIPEI (TVBS News) — Taiwan Color Optics, Inc. (TCO), through its subsidiary SemiLux International Holdings, is poised for a NASDAQ listing in January 2024, with an expected equity value of US＄380 million post-IPO.
In a press conference organized with the Photonics Industry & Technology Development Association (PIDA), SemiLux-TCO shared insights into their Nasdaq listing journey. This marks a significant milestone for the U.S. stock exchange, as it prepares to welcome a notable addition from Taiwan's technology sector.
The event featured Mr. Huai-Chia Lo, Executive Director of PIDA, and Dr. Yung-Peng Chang, Chairman and Co-CEO of SemiLux International Holdings. Dr. Chang highlighted SemiLux-TCO's evolution, underpinned by TCO's 15-year legacy in research and manufacturing at Hsinchu and Central Taiwan Science Parks.
SemiLux-TCO, leveraging Taiwan's semiconductor expertise and its innovations in silicon photonics and semiconductor technologies, anticipates a market value exceeding US＄500 million after listing, positioning it as a potential unicorn in automotive AI chip accelerators.
TCO's integration into the European automotive OEM supply chain, focusing on intelligent lighting components, was a strategic move towards the autonomous driving sector. The formation of SemiLux in July 2023 marked a significant step in this direction.
The company's collaboration with global OEMs and Tier-1 suppliers centers on developing high-precision optoelectronic sensing modules and AI chip accelerator designs, catering to a wide array of applications from drones to automotive lighting and optoelectronic sensors.
TCO's recent endeavors have concentrated on AI chip design and laser application modules, essential for autonomous driving, intelligent automotive lighting, and optoelectronic sensing solutions.