The low Earth orbit (LEO) satellite market is ushering in a new era, delivering low-latency and high-efficiency communication solutions. With the miniaturization of devices, installation and manufacturing costs have significantly reduced, making LEO satellites the preferred choice across diverse applications. High-performance, long-life, and environmentally robust power technologies are indispensable in this market. With years of dedication to LEO satellite power solutions and close collaboration with industry leaders, Phihong Technology is well-prepared to meet the rapidly growing demand, emerging as a champion in Taiwan’s LEO satellite supply chain.

LEO satellites offer extensive applications, solving past connectivity issues due to challenging terrains. Now, areas such as mountains, oceans, remote regions, and even airplanes can access satellite network coverage, enhancing mobile networks. As global restrictions lift and LEO satellite applications gain prominence, particularly in light of the communication demands highlighted by the Russia-Ukraine conflict, the market demand is rising sharply.

In addition, emerging LEO satellite operators such as Starlink and OneWeb are actively driving commercial services. According to the Union of Concerned Scientists (UCS), approximately 5,500 satellites were launched globally in 2022, with over 80% being LEO communication satellites. The MIC (Market Intelligence & Consulting Institute) predicts that LEO satellites will grow from 7,500 in 2023 to 17,350 by 2030. These figures underscore the importance of LEO satellites in daily life.

Within the LEO satellite supply chain, Phihong Technology excels in providing power solutions for end-use devices, supporting modems, routers, and satellite equipment by supplying stable power and connecting devices for data transmission. Phihong has established strong partnerships with several international leaders, including the world’s largest LEO satellite communication operator and major U.S.-based broadband satellite providers, offering reliable LEO satellite networks and services for enterprises, governments, and individual users. Phihong’s products have achieved multiple international safety certifications and passed rigorous client system testing, with supply expansion set for 2024. Phihong is joining forces with global satellite industry players to realize a vision of high-efficiency, low-latency communications.

Phihong Technology remains committed to advancing the global LEO satellite market through safe, high-efficiency power technologies, opening new pathways for future technology and space applications and meeting users’ needs worldwide.

Phihong Technology proudly received the “Best Employer Brand Award” at the inaugural 104 Employer Brand Awards, joining 45 other distinguished companies in recognition of its exceptional ability to attract and retain talent. This year’s Employee Value Propositions (EVP) of award-winning companies often focus on “Co-creation, Diversity, and Sustainability”—values that Phihong shares wholeheartedly. Phihong’s strength lies in its dedication to employee training and development, viewing employees as long-term partners, and encouraging continuous learning that integrates with practical work, fueling sustained growth.

General Manager of Phihong, Mr. Lin Yang-hong, emphasized, “Our strategies for talent acquisition, development, and retention are at the core of Phihong’s competitive advantage. We consider our employees as essential partners in the company’s growth and encourage ongoing professional development. Additionally, we consider external factors like market wage levels and inflation, regularly reviewing and adjusting internal salaries. Our average salary adjustment has outpaced the market in the past two years. Furthermore, we set aside company funds to provide stock ownership in personal trust accounts for key employees, allowing them to become shareholders and share in the company’s success.”

The “Altruistic Spirit” emphasized in the 104 Employer Brand Awards is also a cornerstone of Phihong’s corporate culture. Su Shou-fen, Senior HR Manager, noted, “Phihong values a balanced work-life approach and has implemented flexible work hours and a mentoring system for new hires, helping new employees quickly integrate and significantly reduce turnover. We offer professional training, language, and cultural courses, and organize reading clubs to enhance employees’ soft skills.” Employees describe Phihong’s workplace environment as one that promotes “work-life balance,” “an inclusive, diverse workplace,” and “a culture that fosters a passion for learning.” Phihong provides various benefits, including holiday bonuses, profit sharing, long-service rewards, annual family days, company trips, travel subsidies, department gathering allowances, and wedding and maternity support. Additionally, we’ve created break areas, food truck access, and other amenities to improve job satisfaction.

Due to its outstanding management and employee development practices, Phihong has not only won the “Best Employer Brand Award” at the 104 Employer Brand Awards but has also received multiple recognitions, including the “Happy Enterprise – Gold Award,” the “TTQS Talent Quality-Management System Silver Medal,” and the “TCSA Taiwan Corporate Sustainability Report – Gold Award,” demonstrating its commitment to employee care and corporate sustainability.

Phihong is dedicated to sustainable business growth, promoting corporate governance, social responsibility, and environmental protection as part of its long-term strategy. In an era of rapid change, Phihong continues to innovate in the tech industry while empowering employees to reach their full potential. We invite passionate, innovative individuals to join us—Power up your career! Join Phihong Technology as we fly toward a promising future and make our vision a reality!

n response to climate change risks, Phihong has set a structured carbon reduction path aligned with climate adaptation strategies. In March 2024, Phihong received official target verification from the globally recognized Science Based Targets initiative (SBTi), underscoring its commitment to help limit global temperature rise to within 1.5°C.

Phihong has proactively advanced its ESG management efforts in recent years. In 2021, the company submitted a carbon reduction pledge to SBTi, completed its target submission in November 2023, and received final approval in March 2024. Phihong has committed to reducing absolute greenhouse gas emissions in Scopes 1 and 2 by 42% by 2030, based on a 2021 baseline, and to cutting Scope 3 emissions intensity by 51.6% compared to 2022. Through a comprehensive greenhouse gas inventory, Phihong continuously evaluates its emissions levels, formulates effective reduction strategies, and demonstrates its dedication to achieving net-zero emissions by 2050.

The SBTi, launched by the United Nations Global Compact (UNGC) and the Carbon Disclosure Project (CDP), provides scientifically based guidelines, standards, and third-party-certified reduction recommendations for corporate carbon targets. By the end of 2023, 4,204 companies worldwide had received SBTi target verification, doubling from 2022. More than one-third of the global economy is now represented by companies that have set or committed to science-based carbon reduction targets, actively joining the climate action movement.

Explanation of Greenhouse Gas Scopes:

Scope 1: Direct greenhouse gas emissions from sources owned or controlled by the company.
Scope 2: Indirect emissions from energy procured and consumed internally, typically from electricity and heating.
Scope 3: Other indirect greenhouse gas emissions that occur outside the company’s control, including upstream and downstream production, transportation, raw material procurement, employee business travel, and the carbon footprint of sold products in use.

In 2024, Phihong continued its comprehensive assessment of greenhouse gas emissions for 2023 across five key sites: the Linkou Headquarters, CHINOVA in Tainan, Dongguan Plant, Taisong Plant (including ZCM), and Haiphong in Vietnam. In May 2024, Phihong officially obtained a verification statement from AFNOR Asia, a French Standards Association, marking a significant milestone in our commitment to sustainable development.

To mitigate the impact of greenhouse gas emissions on global warming, Phihong has conducted a thorough greenhouse gas inventory at major production facilities since 2023, implementing carbon reduction initiatives. Following ISO 14064-1:2018 standards, Phihong produced a greenhouse gas inventory report, identifying direct and indirect emission sources within its operational boundaries to meet the carbon information needs of customers and stakeholders. In 2023, Scope 1 direct greenhouse gas emissions amounted to 727.7034 tons of CO2e, Scope 2 (regional baseline) indirect emissions from energy use totaled 23,853.6698 tons of CO2e, and Scope 3-6 other indirect emissions reached 2,966.0199 tons of CO2e, with an overall emissions total of 27,547.393 tons of CO2e. Notably, the combined Scope 1 and Scope 2 emissions decreased by 4,744 tons of CO2e, representing a 16.18% reduction from the baseline year of 2021, demonstrating Phihong’s commitment to climate change mitigation and sustainable goals.

In response to climate change risks and to ensure alignment with the global 2050 net-zero target, Phihong has established a carbon reduction pathway. In March 2024, Phihong received approval from the Science Based Targets initiative (SBTi) for its carbon reduction goals, which aim for a 42% reduction in absolute Scope 1 and Scope 2 emissions by 2030, compared to the 2021 baseline, and a 51.6% reduction in Scope 3 carbon intensity emissions from the 2022 baseline. Through our group-wide greenhouse gas inventory, Phihong evaluates its emission levels, formulates effective reduction strategies, and demonstrates a firm commitment to achieving net-zero emissions by 2050.

For more details on Phihong Group’s 2023 Greenhouse Gas Verification Statement, please refer to: [Phihong Greenhouse Gas Verification Statement 2023].

In response to climate change challenges, Phihong has taken proactive steps by achieving LRQA’s ISO 14064-1 greenhouse gas verification in December 2023, setting a milestone in the company’s low-carbon transition journey.

To establish specific and effective carbon reduction goals and strategies, Phihong conducted a comprehensive assessment of greenhouse gas emissions for 2022 across five key locations: the Linkou Headquarters, Tainan CHINOVA, Dongguan, Taisong (including ZCM), and Haiphong, Vietnam. This assessment covered Scope 1 (direct emissions) and Scope 2 (indirect emissions from energy usage), as required by regulatory guidelines and extended to include Scope 3 emissions related to transportation and supply chain products and services. Following a year of meticulous data collection and verification exercises, Phihong received the ISO 14064-1 verification statement from LRQA, underscoring its unwavering commitment to sustainable development.

As a leading global provider of power supply solutions, Phihong recognizes its pivotal role in the industry’s value chain and views greenhouse gas reduction as a core element of its future growth strategy. Emission data serves as part of our disclosure efforts and as the foundation for our carbon reduction mission. Achieving ISO 14064-1 verification marks a critical step forward, and we have set ambitious Science-Based Targets (SBTs) to reduce absolute carbon emissions by 42% (Scope 1+2) by 2030, aiming for net zero emissions by 2050. Phihong’s commitment to realizing its net zero ambitions remains resolute as we advance toward a sustainable future in harmony with the environment.

For Phihong Group’s 2022 Greenhouse Gas Verification Statement, please refer to: [Phihong Greenhouse Gas Verification Statement 2022.pdf]