PANJIT and ZHI HE TECHNOLOGY Establish Joint Venture “JVision”
PANJIT International Inc. (TWSE: 2481), a leading semiconductor corporation, announced on March 26 that it has entered into a joint venture agreement with AI solutions provider ZHI HE TECHNOLOGY (hereafter “ZHI HE”) to establish JVision, a new company focused on enterprise AI solutions, initially targeting smart manufacturing applications within the semiconductor industry.
With over 40 years of experience in discrete semiconductors, PANJIT has built a prominent position in power discrete devices and continues to expand its portfolio, including MOSFETs. In response to the growing adoption of AI across global manufacturing, PANJIT has chosen to advance its AI capabilities through a joint venture model, rather than relying solely on external solutions. This approach reflects its long-term commitment to digital transformation and sustained growth.
ZHI HE specializes in enterprise AI technologies, with expertise spanning computer vision, natural language processing, and large language model (LLM) applications. Following a year of technical validation and collaboration, the two companies identified strong synergies in smart manufacturing and AI-driven applications, leading to the establishment of JVision to jointly pursue opportunities in the enterprise AI market.
According to JVision’s development roadmap, the company will focus on AI-driven process optimization and quality prediction, enterprise knowledge management and intelligent decision support, as well as customized large language model applications. In its first year, PANJIT Group will serve as the anchor customer, enabling rapid validation and commercialization of key applications before expanding to a broader enterprise customer base.
Mr. Jeff Fang, Chairman and CEO of PANJIT, commented: “The true value of AI lies in delivering tangible and measurable benefits to industry. By combining PANJIT’s deep industry expertise with ZHI HE’s technological capabilities, JVision will accelerate AI adoption in manufacturing and create meaningful value for enterprise customers.”
According to international research institutions, the global enterprise AI market is projected to exceed USD 150 billion by 2027, with a compound annual growth rate of over 35%. As a key player in the global semiconductor supply chain, Taiwan is well positioned to capitalize on this trend, particularly in manufacturing-focused AI applications.
Headquartered in Kaohsiung, JVision will leverage the strong industrial ecosystem in southern Taiwan and align with the development of the Asia New Bay Area as an emerging AI innovation hub. The company aims to accelerate technology validation and commercialization across industries.
PANJIT continues to advance its global strategy in the semiconductor market. In addition to this joint venture, the company has previously signed an agreement with TOREX Semiconductor Ltd. to acquire a 95% stake in its Vietnam subsidiary, further expanding its global manufacturing footprint. Through a dual approach of strategic partnerships and acquisitions, PANJIT is strengthening its overall competitiveness. The establishment of JVision is also expected to enhance the group’s smart manufacturing capabilities and support its long-term growth.
Looking ahead, PANJIT and ZHI HE will continue to work closely to expand JVision’s service offerings, bringing proven AI solutions to a wider range of manufacturing customers and further accelerating AI adoption across industries.