Andes currently is ranked the fifth IP company that accounted for about 2.2% of the global market share. General Manager Lin Zhi ming said that the company is aiming to jump to No. 4 in three years.

Lin pointed out that the main customers of Andes engaged in IoT applications which were accounted for 23.3% of Andes’s total customers; audio, microcontrollers and storage were 16.7%, network and communication were 13.3%, video were accounted for 10%.

Currently, Andes already has 115 customers, including more than 100 partners from general-purpose solution and IoTs applications, and had shipped more than 1.8 billion units.

Andes Technology was established in March 14, 2005 with the capital of NT $ 371 million. The Taiwan government is the largest shareholder of Andes, holding the proportion of 16.06%, and the second is MediaTek's Xiangfa investment it holding 14.9%.