On November 18, 2025, Taiwan’s major PCB manufacturer Unimicron Technology Corp. (3037.TW) announced that its key subsidiary, UNIMICRON HOLDING LIMITED, will sell part of its holdings in Suzhou Qunce Technology Co., Ltd. for a total consideration of USD 11.77 million (approximately CNY 83.75 million), priced at USD 0.44 per unit (approximately CNY 3.13 million), with full payment to be made in a single installment.

The buyer is UniMeta Capital Holding Ltd., an existing shareholder of Suzhou Qunce and an employee shareholding platform within the Unimicron Group.  The company said the sale is intended to support its long-term strategic development and further strengthen employee incentive mechanisms.

Despite the divestment, UNIMICRON HOLDING LIMITED will continue to hold 88.05 percent of Suzhou Qunce, while its subsidiary Suzhou Qunye Enterprise Management Co., Ltd. holds an additional 1.77 percent.  The transaction is expected to generate a disposal gain of approximately USD 4.53 million (approximately CNY 32.23 million) for Unimicron.

The announcement comes shortly after Unimicron’s board approved Suzhou Qunce’s plan, on October 28, 2025, to pursue a Hong Kong listing via H-shares on the Hong Kong Stock Exchange’s Main Board.  The proposal will be submitted to the company’s 2026 annual shareholders’ meeting for approval.

AI Server and High-End Networking Demand Continue to Drive Unimicron’s Growth

Unimicron said its operating momentum has strengthened in recent months, supported by robust demand for AI servers and advanced networking equipment.  The company’s October revenue reached its second-highest monthly level in recent years, indicating sustained order visibility.

The company’s product mix remains centered on ABF substrates, which accounted for a significant portion of third-quarter revenue, supplemented by HDI and multilayer board products.  AI servers require substantially more and higher-specification substrate content than traditional systems, lifting both demand and pricing for high-end ABF substrate products and expanding gross-margin recovery potential.

Material Shortages Persist, but Mitigation Measures Underway

Upstream supply shortages—particularly for high-end materials such as T-glass fiberglass fabric and CCL (copper-clad laminate)—remain a key market concern.  With constraints expected to take time to ease, Unimicron is responding by diversifying suppliers, adjusting material composition, and accelerating internal R&D efforts.  The company added that optimized production allocation and yield management are helping minimize short-term impacts.

Capacity Expansion Accelerates in Taiwan and Thailand

To support medium-term growth and strengthen its capital structure, Unimicron has submitted a fundraising application to Taiwan’s Financial Supervisory Commission.  The plan includes issuing new common shares and convertible bonds to repay debt and fund expansion projects, including its Thailand facility.

At the Guangfu plant, ABF substrate trial production has shown meaningful progress.  The company’s Thailand site has also entered trial production and begun small-batch shipments for memory and gaming device applications.

Capacity utilization and yields at the Yangmei and Guangfu plants continue to improve, while key equipment for the new Luzhu facility will be installed in phases.  The company said short-term yields will require additional time to reach targeted levels as ramp-up continues.