Nytex Composites Co (耐特科技), which makes specialty plastic compounds used in advanced chip manufacturing, yesterday said it aims to achieve double-digit revenue growth by 2028, driven by rising demand from semiconductor carriers and backup battery units (BBU) for artificial intelligence (AI) servers.
The company’s revenue growth this year would be fueled by robust demand for the specialty plastic compounds used in BBUs, Nytex president Henry Chen (陳宇涵) said.
During the first half, revenue from the specialty plastic compounds used in BBUs swelled significantly and surpassed the revenue of BBU plastics compounds last year, Chen said.
Photo: CNA
Nytex said its growth would also be propelled by demand for specialty plastic compounds for semiconductor carriers, including the extreme ultraviolet pods that are used in manufacturing 3-nanometer chips, box-like front-opening unified pods and wafer cassettes.
“We will allocate most of the company resources to the semiconductor sector in the next three to five years,” Chen said. “The company is concentrating on developing and supplying specialty plastic compounds for advanced semiconductor devices.”
Nytex is set to start supplying a small amount of plastic compounds used in integrated circuit (IC) trays in the second half of this year, he said. IC trays are mostly used in the process of advanced chip packaging technology, or chip-on-wafer-on-substrate (CoWoS).
The company also aims to supply products for the creation of semiconductor pods used in CoWoS and chip-on-panel-on-substrate, another type of advanced chip packaging technology, by the end of this year at the earliest, Chen said.
Nytex expects the semiconductor segment to make up about 20 percent of the company’s revenue this year, doubling from about 9 percent last year. Nearly 40 percent of the company’s revenue last year came from supplying specialty plastic compounds used in electronic components such as PC connectors and BBUs.
Nytex, established in 1988, entered the semiconductor market in 2020 after securing a supply agreement with Gudeng Precision Industrial Co (家登精密), which is the exclusive supplier of extreme ultraviolet pods to Taiwan Semiconductor Manufacturing Co (台積電) and a provider of wafer pods to Chinese chipmakers.
The company is also expanding its business scope to the aerospace market by supplying specialty plastic compounds used in airplane cabins and seats, after it receives a certificate at the end of this year, Chen said.
Nytex is scheduled to list its shares on the Emerging Stock Board on Tuesday next week.
Last year, the company’s revenue grew 12.78 percent year-on-year to NT$2.37 billion (US$81.59 million) and gross margin improved from 25 percent to 28 percent, while net profit more than doubled from NT$67 million in 2023 to NT$145 million. Earnings per share were NT$2.27, up from NT$1.06 a year ago.
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