Continuing the political and economic issues discussed in the first half of the year, the US election that attracted worldwide attention came to an end. After Joe Biden withdrew from the candidacy and was replaced by Kamala Harris, the momentum surged, threatening Republican Donald Trump's original significant lead. This resulted in a tense tug-of-war. However, the vote on 11/5/2024 is not unexpected that Trump controls the basic dogma of America priority for the next four years. The pattern of regional economic development has become the unchanged path for the United States in the next four or even more years. Suppressing any force that allows the United States to maintain its world leadership is also a course that will not change. As a businessman, I have no right to talk about politics. I can only seek the best living space for the company and give more people the opportunity to live a stable life under different political forces.

The development of science and technology gives more people the opportunity to accumulate wealth through innovation and development, and then develop more advanced industrial technologies. In order for progressive countries to obtain cheap manufactured products and cheap regional production models, they have successfully moved the world towards a globalized economy. However, due to the differences and shifts in political sectors, science and technology have also rapidly spread to the point where Western countries are feeling pressure. Restricting the further output of technology has become an irreversible policy. Furthermore, using higher tariffs to slow down the development of competing countries has become an important demand for regional economies.

Taiwan is a small and densely populated area. The advantage is that the population is concentrated and it is easy to implement the economic development model of the Synergy system. However, there is relatively little private market, which can provide the private consumer groups needed by the regional economy. Beings born in such an environment still have to find a way to survive in a different operating atmosphere of the world. When the global economy was booming, PSI moved to Shenzhen in 2006 to establish a second production base. The production model satisfies customers' different needs for price and quality. When Trump became the first U.S. president in 2016, the regional economic line gradually became more prominent. Economic entities with different political demands were integrated and isolated. Taiwan became a region that gained relative benefits from regional economic changes. In order to increase production capacity and gain appropriate competitive strength, PSI established Taiwan's second production base in Chiayi, Taiwan in 2022. This will allow PSI to achieve its biggest breakthrough in terms of revenue and profits in 2022.

In 2023, in order to meet the needs of customers' 2+1 (NCNT) production base, we made great strides towards the third region and established the fourth production base in Ho Chi Minh, Vietnam. Customers often ask, what is the strategy of 4 in 3? In simply, price, quality and customer sales location are the main considerations in deciding the production base. Even the same product can be produced in different places with different prices due to different needs. PSI has the absolute experience and operational capabilities to discuss with customers the advantages of producing different products in different regions.

PSI has a strong IT team capable of automating production and management systems. Since 2012 to date, approximately NT$80M has been spent on the operational development of management automation. Currently, cross-regional departments across the 4 in 3 hold regular inter-regional video conferences every month, so that the operating systems and processes of the four places are exactly the same. The communication terms with customers or manufacturers are also exactly the same. This allows customers or manufacturers to communicate with our company when communicating across the 4 in 3, there is no problem of cultural adaptation. In addition, because of the monthly cross-region meeting model, employees from the 4 in 3 are very familiar with each other, and they can support each other in system operation and joint planning of the system. When the customer proposes to produce in different regions, PSI Technical personnel from 4 in 3 can provide appropriate support for technology transfer and complete the transfer of cross-regional product production within three months.

Changes in the world cannot be controlled by one person or group. What people in the melting pot of change can do is seek the most appropriate way of survival amidst the changes. Small companies such as PSI are the best destination for low- to medium-volume production and high-quality products.