M31 Technology Recognized in Forbes' Asia Best Under a Billion 2024

M31 Technology Corporation, based in Taiwan, has been included in the Forbes Asia "Best Under a Billion" list for 2024, marking its recognition as a leading player in the global silicon intellectual property market. The company, distinguished as the only Asian IP firm on the list, exemplifies strong operational performance and corporate governance, evidenced by its status as the highest gross margin company within its peer group. Despite challenges such as geopolitical tensions and inflation affecting the Asia-Pacific region, M31 managed to achieve double-digit growth following a downturn in the global semiconductor market. This success has been attributed to its focus on developing advanced Foundation IP and High-Speed Interface IP technologies, further enhancing its capabilities in processes below 8nm and progressing to the 2nm technology standard. The company's efforts in research and development are timely, catering to burgeoning demands across various sectors including AI, 5G, and automotive electronics. In addition to its technical pursuits, M31 is deeply committed to sustainable practices, as demonstrated by the release of its inaugural Sustainability Report and consistent high rankings in Corporate Governance Evaluations. These initiatives showcase M31's dedication to corporate social responsibility, ethical governance, and transparency. Under the leadership of Chairman Lynne Chen, the company is not only focused on profitability but also on establishing long-term sustainability through strategic partnerships. This recognition from Forbes amplifies Taiwan’s presence in the global market space and emphasizes the importance of innovation and reliability in technology development. M31 continues to strengthen its competitiveness by aligning its business objectives with sustainability goals.