News & Events

IC substrate maker Kinsus to see revenue peak in 4Q20

IC substrate maker Kinsus Interconnect Technology is set to see its revenues peak for 2020 in the fourth quarter, buoyed by shipments for new iPhones, according to market sources.

Kinsus saw its third-quarter 2020 revenues rise 14.58% on year to NT$6.872 billion (US$240.21 million) and raked in net profits of NT$185 million, reversing a loss of NT$278 million of a year earlier thanks to major improvement in product portfolios, the sources said.

Kinsus will see its revenues pick up further in the fourth quarter as increasingly robust sales of iPhone 12 series are expected to push up the firm's shipments of both BT-based SiP and AiP substrates for the new devices, the sources continued.

But it remains to be seen as to whether Chinese handset vendors can strengthen their shipment pull-in momentum, mainly depending on when they can take over market vacancies left by Huawei, the sources said.

As major web giants in the US still sustain stable momentum for building datacenters, Kinsus is expected to see steady shipments of BT substrates for server memory modules in the months ahead, the sources noted.

The company has maintained full capacity utilization for ABF substrates, and its new plant in Yangmei, northern Taiwan will focus more on production of such substrates thanks to clear order visibility extending through late second-quarter 2021.