Andes Technology Corp. · TWSE:6533
Andes Technology — Q4 2021 Earnings Presentation
61 slides from Andes Technology's earnings presentation, March 2022
Slide 1: 晶心科技股份有限公司
晶心科技股份有限公司
Slide 2: 投資安全聲明
投資安全聲明 除簡報內所提供之歷史信息外，簡報事項係屬預測性陳述，受 到風險及不確定性因素影響，可能造成實際結果與陳述內容發 生不符，這些不確定性因素包括但不限於：天氣、競爭性產品 及其定價的影響、產業及市場對半導體產品之供給及需求移轉 、新產品大量量產之能力、技術急遽演進、半導體產業景氣以 及整體經濟環境之變化。 2
Slide 3: 簡報大綱
簡報大綱 01 公司簡介 02 營運成果 03 產品應用 04 新產品及生態系統 05 總結 3
Slide 4: 公司簡介
公司簡介 http://www.andestech.com
Slide 5: 晶心亮點
晶心亮點 • 2005年3月設立於台灣新竹科學園區。 • 根基穩健的高科技上市公司。 • 員工人數達260人；80%為工程師。 • 獲得TSMC 2015年新的 IP OIP Award 。 • 晉升為RISC-V國際聯盟(前身為RISC-V基金會) 首席會員。 (2020) • 獲得Al Global Media頒發「2020年最傑出嵌入式處理器IP供應商」。 • 向量處理器核心NX27V獲頒「新竹科學園區優良廠商創新產品獎」 (2020) • EE Awards亞洲金選獎 -「Taiwan 產品獎」,「Asia 企業獎」(2021) 晶心任務 • 創新架構高效能/低功耗嵌入式處理器。 晶心
Slide 6: 重要里程碑
重要里程碑 ❖ 250+ commercial licensees ◼ Geographically distributed in Taiwan, China, Korea, Japan, Europe, and USA Andes- ◼ ~600 license agreements signed Embedded SoC ❖ AndeSight™ IDE: ◼ 22,000+ installations IP / EDA Design Service / Foundries ❖ Eco-system: ◼ 500+ partners Development Environment Misc
Slide 7: 營運成果
營運成果 http://www.andestech.com
Slide 8: 2021年第四季營業收入
2021年第四季營業收入 QoQ YoY +40% +0.2% (單位:新台幣千元) 8
Slide 9: 2021年度營業收入
2021年度營業收入 YoY +41.1% (單位:新台幣千元) 9
Slide 10: 2021年度前十大客戶之應用分析
2021年度前十大客戶之應用分析 單位: 新台幣千元 10
Slide 11: 2021年第四季權利金收入
2021年第四季權利金收入 QoQ YoY -4.4% +7.6% (單位: 新台幣千元) 11
Slide 12: 2021年度權利金收入
2021年度權利金收入 YoY +47.2% (單位: 新台幣千元) 12
Slide 13: ANS SAR
ANS SAR Bar: MEM TI (BRB) 250,000 60 200,000 41 150,000 33 28 25 100,000 15 15 50,000 5 __ [ |_| || |_| 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 mH 445 660 1,285 10,819 12,232 13,320 38,287 74,953 106,716 | 158,792 | 233,676 SPR aA 2 5 9 15 15 25 28 33 41 51 Apes RISC" 13) TECHNOLOGY
Slide 14: 20215 SHAS
20215 SHAS BtARNE SAAR % Bi MARTI 90,000 80,000 70,000 60,000 50,000 40,000 30,000 ae | ,
Slide 15: — 221FESHEDM-MARN
— 221FESHEDM-MARN BWEMIREWLA BHREASWLA Mm AAR ARE mm RM ARESULA yRISc-v’ 15)
Slide 16: BS BPR) eSB BA BERN ee
20215 S98 5) 4-H BS BPR) eSB BA BERN ee MRISC-V" 16)
Slide 17: | 2021 S385 i1- ERE
| 2021 S385 i1- ERE 1%. 1% 1% 1% 1% — V3 M@RISC-V m Service = N10 mN22 =D10 = N13 mA27 =D45 mACE mes =N7 |= NX25 AE250 Clarity A25 Other Py RISC-V’ 17. ANibes TECHNOLOGY
Slide 18: 2021年第四季銷售分析- RISC-V
2021年第四季銷售分析- RISC-V (單位:新台幣千元) 18
Slide 19: 2021年度銷售分析- RISC-V
2021年度銷售分析- RISC-V (單位:新台幣千元) 19
Slide 20: 歷年商業授權合約
歷年商業授權合約 (numbers) (numbers) 20
Slide 21: 歷年收入分析
歷年收入分析 (NT$) License Royalty 21
Slide 22: 2021年第四季營業毛利與毛利率
2021年第四季營業毛利與毛利率 (單位:新台幣千元) 22
Slide 23: 2021年度營業毛利與毛利率
2021年度營業毛利與毛利率 (單位:新台幣千元) 23
Slide 24: 2021年第四季營業費用
2021年第四季營業費用 QoQ YoY +27.8% +51.3% (單位:新台幣千元) 24
Slide 25: 2021年度營業費用
2021年度營業費用 YoY +21.7% (單位:新台幣千元) 25
Slide 26: 2021年第四季營業利益
2021年第四季營業利益 QoQ YoY +126% -58% (單位:新台幣千元) 26
Slide 27: 2021年度營業利益
2021年度營業利益 YoY 321.7% (單位:新台幣千元) 27
Slide 28: 2021年第四季營業利益率
2021年第四季營業利益率 QoQ YoY +7.49 PT -27.18 PT 單位: (%) 28
Slide 29: 2021年度營業利益率
2021年度營業利益率 YoY +12.88 PT (單位:%) 29
Slide 30: 2021年第四季合併淨利
2021年第四季合併淨利 YoY QoQ -75% -31.6% (單位:新台幣千元) 30
Slide 31: 2021年度合併淨利
2021年度合併淨利 YoY +321.7 % (單位:新台幣千元) 31
Slide 32: 2021年第四季合併淨利率
2021年第四季合併淨利率 QoQ YoY -11.68 PT -33.54 PT 單位: (%) 32
Slide 33: 2021年度合併淨利率
2021年度合併淨利率 YoY +13.67 PT (單位: %) 33
Slide 34: 2021年第四季每股盈餘
2021年第四季每股盈餘 QoQ YoY -13.22 $ -2.27 $ (單位:新台幣元) 34
Slide 35: 2021年度每股盈餘
2021年度每股盈餘 YoY +2.77 $ (單位:新台幣元) 35
Slide 36: 產品應用
產品應用 http://www.andestech.com
Slide 37: 晶心概況
晶心概況 ❖ A 17-year-old public CPU IP company ❖ 3B+ Andes-Embedded SoC annually in 2021 GNU Toolchains ❖ A founding premier member of the RISC-V International ❖ An active role in RISC-V International & its extension task groups LLVM RISC-V Board Director Member of Technical Steering Committee RISC-V Am
Slide 38: 晶心嵌入各式各樣新的應用
晶心嵌入各式各樣新的應用 Sensor Hub WiFi/ BT/ GPS/ FM (combo) NFC Smart Speakers: Bike Sharing: X-Trail: Controller Touch WiFi IoT GPS Ctrl ADAS Ctlr Storage Screen Controller Controller Switch: Andes Embedded in Smart Phones Game Flash Ctlr ❖ In leading machine learning computers for datacenter ❖ In tier-one s
Slide 39: 晶心RISC-V已應用在邊緣到雲端運算的SoC
晶心RISC-V已應用在邊緣到雲端運算的SoC ❖Edge to Cloud ADAS Datacenter AI accelerators AIoT SSD: enterprise (& consumer) Blockchain 5G macro/small cells FPGA MCU Multimedia Security Wireless (BT/WiFi) ❖40nm to 5nm 5G Macro ❖Many in AI 39
Slide 40: 晶心RISC-V核心在SoC中被採用的數目
晶心RISC-V核心在SoC中被採用的數目 o single core ooooo oooooooooooooooooooo…oooooooooooooooooooo 2-8 cores ooo oooooooooooooooooooo…oooooooooooooooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooo oooooooooooooooooooo…oooooooooooooooooooo oooooooo oooooooooooooooo
Slide 41: 新產品及生態系統
新產品及生態系統 http://www.andestech.com
Slide 42: 晶心RISC-V產品概述
晶心RISC-V產品概述 Best extensions to RISC-V AndeStar™ Architecture V5 AndesCore™ AndeSight™ Highly optimized Processors Tools Professional IDE design with Standby EDM COP Intf with high code & VIC leading PPA AndesCore uCore quality ITLB MMU/MPU DTLB Instr Instr LM Data LM Data Cache Intf Intf Cache DMA
Slide 43: Andes V5適用於廣泛的運算架構
Andes V5適用於廣泛的運算架構 AndeStar™ V5 CPUs Conventional Computing Domain Specific Architecture Architecture (DSA) RV32/64 Andes Extension N/D-series Leading PPA Embedded Processor Define custom instruction to N22 N(X)25 D25… IoT, Sensing, Storage, Audio, GPS handle time critical codes A-series High Perfor
Slide 44: 晶心RISC-V產品路線圖
晶心RISC-V產品路線圖 RV32/RV64 Vector Ext. Superscalar Benefits A25MP 27-Series: 45-Series: 512-bit SIMD raises Cache-Coherent AX25MP MobileNet by 66x 1-4 Cores Vector Ext. Dual Issue (CNN for mobile vision) MemBoost MemBoost NX27V N45/NX45 boost performance Linux with A25 D45 by 50% A27/AX27 A45/AX45 FPU/
Slide 45: AndeCore 系列產品
AndeCore™ 45 系列產品 32-bit AndesCore™ N45/D45/A45/A45MP 64-bit AndesCore™ NX45/AX45/AX45MP 45
Slide 46: AndesCore 45-Series概述
AndesCore™ 45-Series概述 PLIC PMU Debug ◼ 8-stage In-Order Dual-Issue ◼ AndeStar™ V5 ISA: ⚫ RV*GCN (S/D FPU): All Series Interrupt WFI HW Bkpt Intf. ⚫ RV*P-ext (DSP/SIMD): D45/A(X)45 ⚫ MMU for Linux Applications: A(X)45 45-series uCore, PMP/PMA ◼ MemBoost memory subsystem MMU Br. Pred FPU/DSP ◼ Low po
Slide 47: AndesCore 45 vs. 25 Series Performance Enhancement
AndesCore™ 45 vs. 25 Series Performance Enhancement ◼ > 1.5X Coremark & Dhrystone performance enhancement, compared with single-issue 25 series 5.50 47
Slide 48: AX45 Can Do More (vs. 64bit A-series)
AX45 Can Do More (vs. 64bit A-series) ◼ A53 ◼ AX45 ⚫ 8-stage In-Order Dual Issue ⚫ 8-stage In-Order Dual Issue ⚫ Widely adopted by industries ⚫ Performance is better! in many applications • Coremark/MHz: 1.32x • Dhrystone/MHz: 1.37x 48
Slide 49: 45系列產品的目標市場
27 & 45系列產品的目標市場 ◼ AI/Deep Learning ◼ Video Surveillance ◼ AR/VR ◼ 5G ◼ ADAS ◼ Networking ◼ V2X (Vehicle to Everything) ◼ IVI (In-Vehicle-Infotainment) ◼ Storage Metaverse and more… 49
Slide 50: 晶心RISC-V處理器適用各類新興的應用
晶心RISC-V處理器適用各類新興的應用 Data Center Any signal Vision Automotive Mobile AR/VR • Server Surveillance • Switch Speech • ADAS, HDR Smart Home • > 10 cameras • Sensor fusion with force, • Face unlock pressure, Vector CPUs • Bokeh accelerometer, Smart Camera • Avatar gyro, ampere • SLAM Voice • Intelligent
Slide 51: RISC-V DSP Extension
RISC-V DSP Extension • Andes contributed market-proven DSP(SIMD) as P-Extension • Designed to accelerate slow video, audio/voice and low data rate DSP workloads Real world speedup using P-Extension DSP MP3 decode 2 RV32P AMR voice codec 3.7 ML-KWS (keyword spotting) 5.2 PNET (90% of Face Detection)
Slide 52: 晶心向量處理器 - One for All Implementations
晶心向量處理器 - One for All Implementations *512b Cloud Computing – Datacenter, HPC, Server NX27V *256b Edge Computing – 5G, Vision Processing NX45V Endpoint Computing – Natural Language Processing *128b * Configurable compute data width (VLEN) 52
Slide 53: Andes 客製化指令集延伸
Andes 客製化指令集延伸 ❖ ACE unlocks RISC-V’s Potential of DSA • Define ACE instruction to handle time critical codes • Another approach to co-processor or accelerators ❖ All-in-one COPILOT development environment • Automation tool and ease of use • Extensions are easy to re-use, can be used as a library 53
Slide 54: Taking RISC-V Cores to Next Level
Taking RISC-V Cores to Next Level ❖Andes is the world-leading supplier shipping the commercial RISC-V cores to market with the support of • D25, D45, A(X)25(MP), A(X)27(L2), P-Extension A(X)45(MP) V-Extension • NX27V, NX45V Custom-Extension • Entire 25, 27, 45 series (w/ ACE* support) *: Andes Custo
Slide 55: 晶心RISC-V產品的優勢
晶心RISC-V產品的優勢 Performance • Leading PPA and code size & Extensibility • Rich data processing in P, V, and ACE Configurability • Flexible configurations for rich features • Compiler optimizations, and SW stacks Maturity • Comprehensive features in AndeSight IDE 55
Slide 56: Aggressive in RISC-V Community
Aggressive in RISC-V Community ❖ Contributing hardware architecture extensions ◼ Chair of the P-extension (Packed SIMD/DSP) Task Group ◼ Co-chair of Fast Interrupts Task Group ◼ Vice Chair of TEE Task Group ◼ Closely reviewing activities of other Task Groups 56
Slide 57: 晶心協助強化RISC-V生態系統
晶心協助強化RISC-V生態系統 ❖ More choices for customers are good ❖ Andes works closely with partners to grow RISC-V ecosystem 57
Slide 58: 晶心在 RISC-V上的定位
晶心在 RISC-V上的定位 Complete product portfolio Reliable RISC-V core IP vendor Extreme low power consumption, high computing efficiency World’s leading P-, V- and Custom-Ext. Capable RISC-V cores Professional custom computing service 58
Slide 59: 總結
總結 http://www.andestech.com
Slide 60: A Trusted Computing Expert
A Trusted Computing Expert Successfully rolled out new series of RISC-V cores (w/ leading P-, V- and Custom-Ext.), custom computing service and FreeStart program to extend more oppty. Andes Aggressively involved in RISC-V International new technology development, contributing and Technology leveragi
Slide 61: Thank You
Thank You http://www.andestech.com +886-3-5726533 61