Founded in 1986, PANJIT Group is approaching a major milestone: its 40th anniversary. In an exclusive interview, founder and Group President Jason Fang reflected on the company's entrepreneurial journey, which began shortly after completing his military service, when he launched a red-brick manufacturing business specializing in tunnel kiln technology that later became the largest brick factory in southern Taiwan.
Looking back on those early years, Jason Fang believes entrepreneurship is built on respecting professional expertise, building the right values within an organization, and fulfilling corporate social responsibility. These principles laid the foundation for PANJIT's evolution into a leading Integrated Device Manufacturer (IDM) in the power semiconductor industry, with capabilities spanning wafer fabrication, packaging, and testing.
Like any enduring enterprise, PANJIT's journey came with its share of challenges. Along the way, a key source of the company's strength has been the close partnership between Jason Fang and his brother, Chairman & CEO Jeff Fang. With complementary leadership styles and strong execution capabilities, the two brothers have worked side by side for four decades, guiding PANJIT through every stage of its growth.
Turning the Vision of "Power Semiconductors as the Backbone of Industry" into Reality
PANJIT was founded during Taiwan's rapid industrial transformation in the 1980s, when the economy was shifting from traditional manufacturing toward a rapidly growing technology sector. Recognizing the long-term potential of foundational electronic components, Jason Fang chose to enter the power semiconductor industry despite having little prior experience in the field.
He believed that every electronic device ultimately depends on efficient power components, viewing power semiconductors as the backbone of modern electronics. The vision, that power semiconductors would become the backbone of the modern electronics industry, became the driving philosophy behind PANJIT's development. Through the collective efforts of Jeff Fang and the entire PANJIT team, has steadily become reality over the past forty years.
In its early days, PANJIT entered the market through packaging technologies for fundamental components such as power diodes. Technical support initially came through a Korean supply chain connected to Fairchild Semiconductor, allowing the company to begin as an OEM supplier serving the European home appliance market.
Through close collaboration with customers, PANJIT gradually established its quality systems, manufacturing foundation, and domestic supply chain ecosystem, strengthening its operational capabilities and building a solid foothold in the market.
Three Key Milestones Behind PANJIT's Rise in Automotive and Data Center Power Semiconductors
The first came during the Y2K era around 2000, when rapid growth in ICT products and compact consumer electronics accelerated the industry's shift from through-hole components to surface-mount devices (SMD). Recognizing this trend early, PANJIT imported advanced equipment from Switzerland and quickly expanded into the SMD segment, capturing its first major growth opportunity.
The second milestone came during the COVID-19 pandemic in 2020. Surging demand for notebooks and electronic devices placed heavy pressure on semiconductor supply chains, making capacity expansion a top industry priority. PANJIT accelerated expansion at its Xuzhou manufacturing base while restructuring its solar panel business to refocus resources on core semiconductor operations. As Jason Fang described it, the company chose to "rise again from where it once faced setbacks."
The third turning point emerged from tightening global automotive semiconductor supply chains beginning in 2024, often referred to by the media as the "Nexperia supply disruption." During this period, PANJIT successfully transitioned from a secondary supplier to a primary sourcing partner for many customers. By providing stable supply, competitive pricing, and strong manufacturing support, the company rapidly expanded its automotive power semiconductor business, with automotive applications accounting for approximately 40% of revenue, while further advancing into AI data center and medium- to high-voltage DC power solutions.
Expanding the PANJIT Brand in the Global Market
PANJIT's expanding presence in the global automotive supply chain began taking shape as early as 2018, when increasing numbers of Tier 1 automotive customers approached the company in search of additional sourcing partners. This opportunity also highlighted the need to further strengthen product quality and manufacturing systems.
While PANJIT's earlier business focused primarily on consumer electronics, automotive applications required a much higher level of reliability and quality assurance. To meet these standards, PANJIT worked with a German team in Europe to establish automotive-grade quality and manufacturing systems, rebuilding its quality management framework over two years.
Beginning in 2020, PANJIT significantly increased investment in automotive and high-performance power semiconductor technologies. Through its R&D teams, the company expanded product lines compatible with leading European solutions while investing approximately USD 300 million between 2020 and 2023 to strengthen its competitiveness in the automotive market.
By 2024, PANJIT had further expanded its third-generation semiconductor portfolio to include silicon carbide (SiC) products, addressing growing demand from AI data centers and next-generation infrastructure applications. With a strong focus on automotive and AI-related medium- and high-voltage DC power solutions, the PANJIT brand has steadily gained recognition in the global market.
At the same time, PANJIT continued expanding its global manufacturing footprint while strengthening Taiwan as its core R&D and advanced packaging hub through manufacturing sites in Kaohsiung. To enhance supply chain flexibility amid evolving geopolitical conditions, the company launched a new packaging production line in the Philippines in 2023. In 2025, PANJIT further expanded its global operations by acquiring a 95% stake in TOREX Vietnam Semiconductor Co., Ltd., including its manufacturing facility. These expansions further strengthened production flexibility, regional capacity allocation, and diversified sourcing options for customers worldwide.
PANJIT Advancing into New Frontiers to Power the Future
Built upon four decades of steady development, PANJIT is now preparing for its next phase by expanding its international product portfolio, advancing technology capabilities, and cultivating global talent resources to further elevate the PANJIT brand worldwide.
Looking ahead, Jason Fang identified three key strategic markets for the company's future development: continued expansion across Europe and the United States, deeper operations within China's increasingly self-sufficient semiconductor ecosystem, and broader opportunities in Japan through collaboration with customers, suppliers, and industry partners.
Beyond business expansion, Jason and Jeff Fang also hope to build long-term partnerships with organizations that share similar values while supporting the revitalization and future growth of Japanese industry through collaboration and mutual success.
Guided by its vision to "Power the Future," PANJIT continues to expand its global brand presence across the Americas, China, and Japan as the company moves confidently toward its next forty years of growth and innovation.
PANJIT Group executives and guests from around the world celebrated its 40th anniversary. Credit: PANJIT