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Taiwan Auto-Design expects demand for CAE used in EV, new materials to drive business growth

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Taiwan Auto-Design (TADC), a provider of CAE (computer-aided engineering) simulation and analysis solutions, expects demand for such solutions used in developing electric vehicles (EVs) and new materials to drive business growth in the future, according to the company.

As EVs consist of a large variety of electric/electronic components and optoelectronic devices, makers of these components and devices need to undertake CAE simulation and analysis for product certification, TADC said.

Demand for CAE simulation and analysis solutions used in developing new materials mainly comes from semiconductor makers, TADC noted.

CAE simulation and analysis solutions are mainly based on software developed by US-based Ansys and clients come from various manufacturing industries including semiconductor, optoelectronics, EV, PC and peripheral, TADC indicated.

The global CAE market value will increase from US$8.79 billion in 2021 to US$16.2 billion in 2028, according to TADC, citing Zion Market Research.

In addition to CAE simulation and analysis solutions, TADC provides CPC (collaborative product commerce) solutions matched with SAP software for manufacturers of biotechnology and medical care products as well as operators of chain restaurants and e-commerce.

TADC posted consolidated revenues of NT$232.2 million (US$7.8 million), gross margin of 37.02%, operating profit of NT$34.2 million, net profit of NT$28.8 million and net EPS of NT$1.57 for the first half of 2022.

CAE simulation and analysis solutions accounted for 80% of the consolidated revenues, CPC solutions for about 10%, Industry 4.0 solutions for about 10%.

TADC will shift listing from Emerging Stock Market at present to Taipei Exchange (over-the-counter bourse) by the end of 2022.



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