On December 23, 2025, Softstar Entertainment held an extraordinary shareholders' meeting to approve its official name change to Star Fusion Group, signaling a decisive transformation into a technology- and energy-focused conglomerate. Chairman David Tu said the group now employs around 3,600 people across 11 subsidiaries and more than 30 affiliated companies, spanning gaming, semiconductors, cybersecurity, dining, third-party payments, and heavy electrical equipment.
Semiconductors and power to dominate revenue mix
Semiconductors currently account for more than 65% of group revenue, with projected sales of NT$7.5–7.7 billion (US$238–245 million) in 2025 and expected to exceed NT$10 billion in 2026. Tu emphasized that ongoing transformation efforts have positioned semiconductors and power-related businesses as core growth engines, together expected to contribute around 90% of total revenue by 2026. By comparison, dining and gaming are forecast to contribute approximately 6% and 3.5%, respectively.
Organizational restructuring strengthens semiconductor platform
Within the semiconductor segment, the group's Taiwan Mask Corporation (TMC) has launched organizational restructuring and accelerated integration across its subsidiaries. TMC-acquired Pilot Energy completed a corporate split to sharpen operational focus, separating its businesses into energy storage systems and hydrogen energy applications. Pilot Energy brings strong expertise in lead-acid batteries and modular energy storage systems, while the newly established Blue Magpie Energy will concentrate on hydrogen and renewable energy solutions.
Vertical integration across subsidiaries
The group has advanced multiple restructuring and funding initiatives. Its steel structure division was spun off into Taiwan Laser Welding Technology, which plans to raise NT$120 million (US$3.8 million) through a new share issuance to accelerate the deployment of automated welding technologies.
Moment Semiconductor completed a capital reduction by September 2025 and secured strategic investment in October. Innova Vision is preparing a new fundraising round to expand optical and contact lens manufacturing, focusing on colorful and functional product lines to broaden market reach.
Miracle Technology and Xsense Technology have entered an integration phase aimed at vertical consolidation from upstream materials to downstream processing, reducing costs, enhancing competitiveness, and prioritizing the development and licensing of new technologies.
Heavy electrical equipment outlook and path to profitability
In heavy electrical equipment, Spectrum Electrics continues steady growth with shipments to North America and Guam. Although global silicon steel shortages and rising copper prices have increased transformer manufacturing costs, production at the northern Taiwan's Guanyin plant scheduled for 2026, is expected to support future growth.
Looking ahead, Tu noted that several subsidiaries previously incurred losses but were reorganized in the second half of 2025. He expects all subsidiaries to return to profitability in 2026, with consolidated group revenue surpassing NT$10 billion.
Article edited by Joseph Tsai