Unitech posts record 3Q19 results on robust rigid-flex board demand
Jay Liu, Taipei; Willis Ke, DIGITIMES
Robust shipments of rigid-flex boards – reportedly for AirPods 2 – boosted Taiwan-based PCB maker Unitech’s third-quarter 2019 revenues to a new high of NT$6.204 billion (US$203.65 million), with net profit rising 32.93% sequentially to reach a seven-quarter high of NT$670 million.
The company said the revenue contribution from rigid-flex boards has risen significantly to 50%, and its new capacity for such boards has reached full utilization soon after commercial run started in late second-quarter 2019.
Besides Apple, Unitech has also started shipments of rigid-flex boards to other TWS (true wireless stereo) brand vendors, according to industry sources.
In 2020, the company expects to land new orders for handset and automotive camera modules application in 2020 while also seeking application opportunities for 5G handset battery modules and mainboards.
Unitech has also seen its HDI boards for high-end automotive radar and LiDAR applications validated by by some clients and will kick off shipments in 2020.
To meet ever-expanding demand, Unitech has plans to spend NT$1.5 billion in 2020 on expanding capacity for rigid-flex boards and upgrading HDI anylayer process technology