1

MPI Co. <6223TT>MPI Co. <6223TT>

Updated: Mar, 2010Updated: Mar, 2010

Bank of America Merrill Lynch Bank of America Merrill Lynch

and Taiwan Stock Exchange and Taiwan Stock Exchange

““Taiwan, Technology & BeyondTaiwan, Technology & Beyond”” ConferenceConference

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CONTENTSCONTENTSA. Company Profile 03

B. Products 06

Appendix 30

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A. Company Profilea1. Company at a Glance

a2. Business Portfolio

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a1. Company at a Glancea1. Company at a GlanceAA

No. 7, Luke 1st Rd., Luzhu Shiang, Kaohsiung,

821 Taiwan, R.O.C.Southern Taiwan Branch

767(2010.02.28)No. of Employees

NTD$ 771M (2010.02.28)Paid-in Capital

July, 25, 1995Founded

No. 155, Chung-Ho St., Chu-Pei, Hsinchu,

302 Taiwan, R.O.C.Address

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a2. Business Portfolio : 2009a2. Business Portfolio : 2009

Solar

15%

Leda

24% Probe Card

61%

AA

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B. Products

b1. LED: Prober & Sorter01. LED Food Chain02. LED Trend03. Business Contents

b2. Semi-conductor: Probe Card01. Semi-conductor 02. Peer Group Analysis03. Business Contents

b3. Solar: Ingot Slicing01. Wafer Process in Solar02. Business Contents

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01. LED EPI-Wafer Process01. LED EPI-Wafer ProcessB1B1

400um 100um

GrinderGrinderLaser ScriberLaser Scriber

ExpanderExpander

Wafer Wafer

MounterMounter BreakerBreaker

ProberProber

Tape Tape MounterMounter

SorterSorterQC ProberQC Prober

CounterCounter

CCD

2560

Post Post

InspectionInspection

•• MPI Co. (75%)MPI Co. (75%)

•• FittechFittech Co.Co.

•• ChromaChroma ATE Inc.ATE Inc.

•• MPI Co. (30%)MPI Co. (30%)

•• ASMP (HK)ASMP (HK)

111 777 777MOCVD MOCVD

42(P)/Run42(P)/RunSorterSorterProberProber

PCPCPCPC PCPCPCPC PCPCPCPC

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02. LED Trend- Taiwan monthly output02. LED Trend- Taiwan monthly outputB1B1

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02. LED Trend02. LED TrendB1B1

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02. LED CAGR02. LED CAGRB1B1

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88

118

86

0

30

60

90

120

Jan'09 Feb'09 Mar'09 Apr'09 May'09 Jun'09 Jul'09 Aug'09 Sep'09 Oct'09 Nov'09 Dec'09 Jan'10 Feb'10

PC

Shipment

P.O.

03. Equipment Shipment 2009~201003. Equipment Shipment 2009~2010B1B1

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China

41%

Korea

5%

Taiwan

54%

by Geographyby Geographyby Geography by Productby Productby Product

31

43 3989

12910

21

0%

20%

40%

60%

80%

100%

Q1 Q2 Q3 Q4 Season

%

Sorter

Prboer

PC

03. Shipment: Geography & Product Mix03. Shipment: Geography & Product MixB1B120092009

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TaiwanTaiwan ChinaChinaKoreaKorea

03. 2009 Major Customers03. 2009 Major CustomersB1B1

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Semi-Automatic Probe Station

LEDA-PT120 PROBER

03. Prober 03. Prober B1B1

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LEDA-PNP

M7600 Fully-Auto Mapping Sorter

03. Sorter 03. Sorter B1B1

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LED-Auto Taping Machines

PT-350 TAPING

03. Auto Taping Machine03. Auto Taping MachineB1B1

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03. State-of-the-Art 2 in 1 Machine03. State-of-the-Art 2 in 1 MachineB1B1

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01. Market Consensus: Semi-Conductor01. Market Consensus: Semi-ConductorB2B2

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12,18410,164

4,824 4,1271,450

4,593

15,252

10,941

4,286 4,857

1,708

4,347

6,936

11,231

3,963 4,074

1,946

3,973

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

FFI MJC JEM TCL MPI SV

NT$ Million

2008

2007

2006

P1：：：：Exchange rate: 1 dollar = NT 33 ; 1 JPY = NT 0.3; 1SGD = NT 22

P2：：：： SV probe in 100% wholly own by Ellipsiz, an semi-conductor equipment maker, from 2006.

b2. Peer Group Analysisb2. Peer Group AnalysisB2B2

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17%

21%20%

6%

36%

23%

-40%

-30%

-20%

-10%

0%

10%

20%

30%

40%

FFI MJC JEM TCL MPI SV

(%)

08Q4

09Q1

09Q2

09Q3

P1：：：：same quarter period in all company. Ex: Q1= 2008.01~2008.03.

P2：：：：Exchange rate: 1 dollar = NT 33 ; 1 JPY = NT 0.3; 1SGD = NT 22

P3：：：：SV probe in 100% wholly own by Ellipsiz, an semi-conductor equipment maker, from 2006.

b2. Peer Group Analysis (con.)b2. Peer Group Analysis (con.)B2B2

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Logic P/C

LCD Driver IC 40μμμμm pitch for LCD Driver IC

03. Categories of Probe Card03. Categories of Probe CardB2B2

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70%

66%

60%63%

32%33%

27%27%

5%7%7%

3%

0%

10%

20%

30%

40%

50%

60%

70%

80%

Q1'09 Q2'09 Q3'09 Q4'09

%

LCD

Logic

Memory

03. Product Mix in 2009B2B2

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03. Monthly Shipment 2008~2010

0

50000

100000

150000

200000

250000

300000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Pin

2008

2009

2010

B2B2

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03. 2009 Major Customers

Design HousesDesign Houses FoundriesFoundries Testing HousesTesting Houses

B2B2

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03. B/B Ratio 2008~2010B2B2

1.051.051.051.05 1.241.241.241.24

0

0.3

0.6

0.9

1.2

1.5

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2008

2009

2010

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B2B2 03. Product & Customers Mix (%)

LCD

64%Logic

30%

Memory

6%

by Productby Productby Product by Customerby Customerby Customer

Design

house

35%

Foundry

7%

Testing

house

58%

20092009

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01. Wafer Process in Solar

Growing/Casting

Wafer cutting

Gluing

Cropping

Wafer cleaningWafer measuring

Edge grinding

Wafer separating

Squaring/Bricking

Wafering process

Mono Si

Poly Si

B3B3

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02. Shipment 2009 ~ 2010

0

100,000

200,000

300,000

400,000

500,000

600,000

700,000

800,000

900,000

Jan-09 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan-10 Feb Month

Pcs

B3B3

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02. 2009 Shipment by Geography

Korea

5%US

25%

Taiwan

70%

B3B3

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Appendix

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MilestoneMilestoneMilestone

19951995 Company establishedCompany established

19981998 Technology transfer from MJC completedTechnology transfer from MJC completed

20002000 HsinchuHsinchu New plant operation startedNew plant operation started

Tainan branch and repair center establishedTainan branch and repair center established

20012001 Pass ISO9001 certificationPass ISO9001 certification

20032003 MPI IPOMPI IPO

20062006 ST Branch ST Branch LuzhuLuzhu plant operation startedplant operation started

20082008 Signed MOU with SUSS Signed MOU with SUSS MicroTechMicroTech Test SystemTest System

20102010 Solar cell B.U signed MOU with GETSolar cell B.U signed MOU with GET