Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 13 CHAIRMAN’S MESSAGE (CONT’D) Award ceremony during The Edge Billion Ringgit Club Awards ceremony in FY2022 During the year, the Group’s subsidiaries also received numerous recognitions and awards from our customers and local authorities in areas including excellent business performance and ESG initiatives. These awards inspire us to continue what we have been doing and a testament that we are on the right path in achieving our goals. News Clipping on winning the Company of The Year. BUSINESS REVIEW SEMICONDUCTOR As announced by the Semiconductor Industry Association, the global semiconductor industry sales totalled US$573.5 billion in 2022, the highest-ever recorded and an increase of 3.2% compared to 20211. As for the Group’s business in this segment, it was also our best achievement to date with a record high revenue and PAT. Year on year, the revenue and PAT grew at 9% and 17% respectively. 1Source: SIA - https://www.semiconductors.org/globalsemiconductor-sales-increase-3-2-in-2022-despite-second-halfslowdown/ Semiconductor and Engineering revenue percentage chart for the Group in FY2022 REVENUE (%) 20% 80% Semiconductor Engineering
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