iST Receives Second Place in the 2024 Taiwan BIC Award by Taiwan Institute of Directors

Hsinchu, Taiwan, R.O.C. September 25, 2024 – iST (Integrated Service Technology Inc., TWSE:3289), Taiwan’s first private enterprise to offer semiconductor verification and analysis solutions, celebrates a milestone on its 30th anniversary with great news. Standing out from 784 publicly listed companies with market values between USD 100 million and USD 500 million, iST has been awarded second place in the prestigious 2024 Taiwan BIC (Best-in-Class Project) Award, presented by the Taiwan Institute of Directors. This award recognizes iST’s exceptional performance across four key areas: corporate strategy, growth potential, sustainability, and financial performance, garnering significant attention from the capital markets.

This award adds to a growing list of accolades for iST, including the “Excellence in Corporate Social Responsibility” and the “Commonwealth Talent Sustainability Award” from Commonwealth magazine, as well as the “Best Employer Brand” by 104 Job Bank in 2024, the “7th National Industrial Innovation Award” from the Ministry of Economic Affairs in 2021, the “5th Taiwan Mittelstand Award” from the Industrial Development Administration in 2019, the “36th Outstanding General Manager Award” from the Chinese Professional Management association in 2018, the “First Place Brand Award” from the Republic of Chinafine Manufacturer Association in 2011, and the “31st National Model Entrepreneur Award” from the National Innovation and Entrepreneurship Association in 2009. These recognitions reaffirm iST’s leadership role in the semiconductor verification market.

The “2024 Taiwan BIC Award” is jointly organized by the Taiwan Institute of Directors and the Corporate Development Research Center (CDRC). It is the first award designed to honor medium-sized companies that play a vital role in Taiwan’s economic growth, following three consecutive years of recognizing Taiwan’s top 100 foreign-selected companies.

In this selection process, the Taiwan Institute of Directors assessed 784 companies with market capitalizations between USD 100 million and USD 500 million as of the end of 2023. Following a rigorous evaluation of financial indicators based on international foreign investment index methodologies, and excluding companies with lower corporate governance ratings, 126 finalists were selected. After a strict review, 12 companies were awarded, with iST proudly securing second place, marking a significant achievement.

Danny Yu, the chairman of iST, highlighted that since its inception, iST has pioneered the field of IC debugging and quality analysis, focusing on solving technical challenges for its clients and becoming a key R&D partner in accelerating time-to-market. In sustainability efforts, the company established its “Sustainable Development Committee (ESG Committee)” in 2021, aligning with global decarbonization trends. It has set short-, mid-, and long-term carbon reduction goals and provides carbon footprint auditing and ISO certification services to assist clients in achieving their carbon reduction commitments.

Danny Yu further noted, iST continues to keep a close eye on the development trends of the electronics industry, proactively positioning itself in emerging fields such as “5G IoT”, “Electric Vehicles”, “AI Chip Verification”, and “Low Earth Orbit Satellites”, helping clients capture new market opportunities.

Looking ahead, iST plans to upgrade its strategy from simply “solving customer pain points” to “making things easier for customers.” This shift will focus on key areas such as “AI Chip Verification”, “Electric Vehicles”, “Advanced Processes”, and “Environmental Testing for Low Earth Orbit Satellites”, providing one-stop solutions while continuing to lead the industry forward. At the same time, iST is committed to enhancing customer satisfaction and actively promoting sustainability, contributing to a better future for the planet.

About Integrated Service Technology

Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations, including Failure Analysis, Reliability Assurance, Material Analysis and so on. iST has offered full-scope verification and analysis services to the IC engineering industry, its customers cover the whole spectrum of the electronics industry from IC design to end products.
In response to the growing future trends, iST has established platforms for 5G/HPC/AI, Automotive Electronics verification, Space Satellite verification, Advanced Processes and Wide-bandgap Semiconductors, LTS ( low-temperature soldering) Process verification platforms, as well as High-speed Transmission Signal Testing, offering comprehensive verification and analysis services.With a commitment to providing complete solutions to customers, iST has expanded its services beyond verification to encompass Wafer Backend Process for mass production service.

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