Semilux International Ltd. (NASDAQ: SELX)

Semilux International Ltd. is a Cayman Islands exempted company with limited liability founded on July 19 2023 The company designs and develops integrated artificial intelligence based control systems for unmanned aerial vehicles following a strategic transition that was operationalized in May 2024 and formally adopted by the board of directors in June 2024 Prior to this transition the company focused on laser applied modules and components used in solid-state light source projectors car headlights and sensors It also developed laser light sources for searchlights and stage lights and specialized in semiconductor chips components and solutions for LiDAR and ADB headlights meeting automotive standards such as AEC-Q100 ISO 26262 and IATF 16949 The company operates through two wholly-owned subsidiaries Taiwan Color Optics Inc incorporated in Taiwan and Semilux Ltd a Cayman Islands exempted company limited by shares Its principal executive office is located at 4F. No. 32 Keya Rd. Daya District Central Taiwan Science Park Taichung City 42881 Taiwan. As of December 31 2024 it maintained a workforce of 58 employees across research and development manufacturing administrative and sales and marketing functions.

Semilux International Ltd generates revenue from the design manufacture and sale of laser light modules optical components and semiconductor solutions Its laser light modules consist of high-intensity laser diodes and fluorescent chips that produce focused beams for enhanced illumination in challenging conditions The company's Color Filters separate specific light bands while Color Filter Wheels use motor rotation to restore RGB colors Fluorescent Chip and Wheel components produce high-intensity yellow/green light and Wafer Level Optics enables even light distribution For LiDAR systems the company develops solid-state LiDAR modules utilizing OPA VCSEL FMCW and ASIC chips that perform highly accurate and rapid 3D sensing without moving parts such as rotating mirrors or mechanical scanning For ADB systems it offers the DMD-Hybrid system incorporating high-contrast fluorescent chips color filters and WLO components These products serve automotive original equipment manufacturers tier one suppliers and are expanding into defense industrial infrastructure and unmanned aerial vehicle applications with several prototype programs underway through early-stage joint development efforts The company anticipates mass production within two to three years based on current development progress and feedback from tier one supplier customers including Foxconn Pegatron and ZF Group.

Semilux International Ltd competes in the automotive LiDAR and ADB markets against companies utilizing various laser wavelengths and mechanical MEMS flash or other solid-state scanning technologies The company maintains competitive advantages through its advanced OPA VCSEL FMCW and ASIC chip technologies which offer high scanning speed precision fully solid-state structure and excellent controllability These technologies benefit from Taiwan's semiconductor manufacturing expertise CMOS integration and vertically integrated supply chain The company holds ISO 9001:2015 certification valid until February 14 2025 ISO 14001:2015 certification valid until February 14 2025 and IATF 16949:2016 certification valid until August 22 2025 Its research partnership with National Chung Hsing University NCHU led by Dr. Cheng since 2015 resulted in an agreement with NCHU and Professor Chun-Nien Liu on November 4 2022 to provide pivotal chips and total solutions for high-performance solid-state LiDAR and ADB smart vehicle lighting systems for the Foxconn Mobility In Harmony Open Electric Vehicle MIH Platform This collaboration led to breakthroughs recognized by the 2021 Future Tech Awards and Taiwan government grants in 2021 and 2022 The company believes its LiDAR and ADB products may empower the implementation of large-scale advanced driver assistance systems and self-driving technologies Collaborations with tier one suppliers Foxconn Pegatron and ZF Group provide market validation and access to major automotive markets in the US PRC and Europe The company expects the LiDAR market to reach $4.4 billion the ADB market $3.5 billion and the autonomous driving market $11.6 billion by 2025 positioning it to capitalize on growing demand for advanced driver assistance and autonomous driving technologies.

Semilux International Ltd serves automotive original equipment manufacturers and tier one suppliers including BMW through its Tier-1 supplier Osram Continental since 2018 Foxconn via the MIH Platform for electric vehicle development after establishing partnership in 2020 and joining the MIH EV Platform in 2021 Pegatron as a Tier-1 supplier to the US electric vehicle market whose customers include Tesla after establishing partnership through NCHU team in 2023 and ZF Group as a Tier-1 supplier to European automobile manufacturers after establishing partnership through MIH EV Platform involvement in 2022 The company's products are integrated into electric vehicle platforms such as Foxconn's MIH system and are designed for adoption by Tesla and other European and Asian automakers Through its UAV initiative the company is expanding into defense industrial infrastructure and autonomous systems applications leveraging its optical and systems engineering expertise in higher growth verticals Its customer base includes semiconductor manufacturers in Taiwan with whom it maintains relationships for IC design and production specifics enabling rapid capacity scaling through purchase orders when needed The company has also established working relationships with Taiwan Semiconductor Manufacturing Company TSMC regarding IC design and production specifics to support its production capacity ramp-up Through NCHU the company will also provide customized solid-state LiDAR and ADB total solutions to Pegatron for integration in EVs sold in the US market.