Who are Unimicron Technology's main competitors?

Named competitors: Zhen Ding Technology (4958.TW), Kinsus Interconnect (3189.TW), Ibiden (4062.T), Nan Ya PCB (8046.TW). The cockpit's measured peer set (industry) also includes Suzhou Dongshan Precision Manufacturing (2384.HK), Celestica (CLS.TO), Tdk (6762.T), Luxshare Precision Industry (2475.HK), Ibiden (4062.T), Chaozhou Three-Circle (Group) (300408.SZ).

How has Unimicron Technology stock performed?

Over six months to 6 Nov 2026 the shares returned -19.3% against -28.6% for the median peer; over one year +355.3%.

← CockpitCompetitor Analysis › 3037.TW Unimicron TechnologyOpen in the cockpit ↗

Unimicron Technology3037.TWCompetitor analysis, valuation and peers

Taiwan · TWD·Information Technology›Electronic Components

Taiwan's largest PCB and IC substrate maker, supplying high-density boards used in smartphones, servers and AI chips.

≈ Taiwan's TTM Technologies, at greater scaleMomentum laggard 17

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$35.4B

US dollars, full cap

Free float

86%

of shares outstanding

$/day

$635M

20-day average traded

Fwd P/E

20.1×

forward earnings

ROIC−WACC

+7.9 pp

WACC 15.3%

Hurdle

+38 pp

Req g minus delivered

Next earnings

109 days

23 Feb 2027

Close · TWDNT$727.00

1D-9.1%

1W-26.5%

1M-45.1%

3M-21.3%

6M-19.3%

YTD+231.1%

1Y+355.3%

ATR %11.2%

52w lowhigh48.8% off high

What Unimicron Technology does

Taiwan's largest PCB and IC substrate maker, supplying high-density boards used in smartphones, servers and AI chips.

Sells boards to electronics makers and substrates to chipmakers, with AI processors needing larger, more complex substrates than phones, so each chip package carries more value. Chipmakers qualify its products over many months, then order against their capacity plans.

In one line: Taiwan's TTM Technologies, at greater scale.

Products and services

Rigid PCBs
IC (ABF) substrates
Flexible PCBs

Customers

Foundries/fabless chipmakers (via substrates)
Consumer electronics OEMs
Server/AI hardware makers

Where it sits in the supply chain

Information technology
PCB & IC substrates
High-density PCBs, ABF substrates

What could go right

AI chip substrate demand

What could go wrong

PCB/substrate pricing cycles
Capex intensity

Moat: narrow (scale, process know-how, customer qualification). Leading Taiwan scale in ABF substrate/PCB processes qualified for advanced packaging.

Headquarters: Taoyuan, Taiwan · Founded: 1990 · Employees: 31,448

Named competitors

Unimicron Technology at a glance

Size Unimicron Technology (3037.TW) is a Taiwan Information Technology company (Electronic Components) with a market value of $35.4B, the 14th largest of 687 Taiwan companies the cockpit tracks. Shares closed at NT$727.00 on 6 Nov 2026.

Performance Over six months the shares fell 19.3%, against -28.6% for the median peer and -3.4% for the Taiwan market (cap-weighted) — 8th highest of 18 in its peer set.

Growth Revenue grew 33.1% over the last twelve months (peer median +33.6%); the operating margin is 13.3% (peer median 13.7%).

Valuation It trades at 20.1× forward earnings against a peer median of 18.4× (10th most expensive of 20).

Price implies For today's price to make sense, revenue must grow about 46% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +38 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 7.9 points above its cost of capital (15.3% WACC).

Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: Unimicron Technology against the median of its 19 peers (local-currency closes).

Unimicron Technology financials

Reported figures in TWD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	NT$168B	NT$131B	NT$115B	NT$104B	NT$140B
Revenue growth	—	+14%	+11%	-26%	—
Gross profit	NT$37.8B	NT$18.1B	NT$16.1B	NT$20.1B	NT$50.3B
EBITDA	NT$42.4B	NT$25.3B	NT$22.3B	NT$23.9B	NT$49.8B
Net income	NT$31.7B	NT$6.67B	NT$5.08B	NT$12.0B	NT$29.6B
Free cash flow	NT$1.79B	-NT$10.7B	-NT$15.8B	NT$7.96B	NT$29.1B
Capital expenditure	NT$27.9B	NT$26.1B	NT$26.7B	NT$23.3B	NT$32.5B
Total debt	NT$50.0B	NT$60.3B	NT$46.1B	NT$32.5B	NT$36.5B

Quarterly statements and history in the cockpit →

Unimicron Technology competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. Unimicron Technology is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Unimicron Technology is the large dot.

Capital: growth delivered against growth the price implies

Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Unimicron Technology is the large dot.

Unimicron Technology competitors and peer comparison

Head to head with its named competitors (3037.TW vs 4958.TW vs 3189.TW vs 4062.T)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
Unimicron Technology 3037.TW	$35.4B	-19%	+33%	13%	20.1×	45.9%
Zhen Ding Technology Holding Lt 4958.TW	$12.8B	-12%	+5%	9%	18.4×	n/a
Kinsus Interconnect Technology 3189.TW	$10.7B	+27%	+34%	14%	29.4×	41.2%
Ibiden 4062.T	$22.1B	+164%	+26%	18%	39.2×	39.2%
Nan Ya Printed Circuit Board 8046.TW	$17.1B	-12%	+34%	12%	26.1×	58.7%

How Unimicron Technology compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Unimicron Technology against its 19 peers (data as of 6 Nov 2026)
Measure	3037.TW	Peer median	Rank in peer set
1-month return	-45.1%	-37.1%	2nd lowest of 19
6-month return	-19.3%	-28.6%	8th highest of 18
Distance from 52-week high	-48.8%	-49.7%	10th highest of 19
Revenue growth (TTM)	+33.1%	+33.6%	10th lowest of 20
Operating margin	13.3%	13.7%	10th lowest of 20
Forward P/E	20.1×	18.4×	10th most expensive of 20
Growth the price implies (Req g, 7 yrs)	45.9%	20.9%	2nd most demanding of 13
Growth delivered (Del g)	+8.3%	+7.7%	6th highest of 12
Hurdle (Req g minus delivered)	+37.5 pp	+7.1 pp	2nd most demanding of 12
ROIC minus cost of capital	+7.9 pp	+0.8 pp	6th highest of 20
EV / EBITDA	25.1×	17.4×	3rd most expensive of 11
Net debt / EBITDA	-2.6×	-0.6×	least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
Unimicron Technology 3037.TW	Taiwan	$35.4B	-19%	+33%	13%	20.1×	45.9%	+8.3%
Suzhou Dongshan Precision Manufacturing 2384.HK	Hong Kong	$29.3B	n/a	+56%	4%	14.5×	45.3%	n/a
Celestica CLS.TO	Canada	$26.3B	-44%	+61%	9%	11.5×	11.0%	+17.6%
Tdk 6762.T	Japan	$25.4B	-27%	+25%	10%	15.0×	18.2%	+11.1%
Luxshare Precision Industry 2475.HK	Hong Kong	$55.2B	n/a	+33%	4%	15.7×	n/a	n/a
Ibiden 4062.T	Japan	$22.1B	+164%	+26%	18%	39.2×	39.2%	+5.2%
Chaozhou Three-Circle (Group) 300408.SZ	China	$21.6B	-15%	+65%	34%	28.1×	23.7%	+17.7%
Wus Printed Circuit (Kunshan) 002463.SZ	China	$21.2B	-29%	+61%	28%	18.2×	n/a	n/a
Shennan Circuit 002916.SZ	China	$20.4B	-36%	+51%	18%	22.6×	n/a	n/a
Victory Giant Technology (HuiZhou) 300476.SZ	China	$18.3B	-62%	+38%	26%	17.2×	n/a	n/a
Largan Precision 3008.TW	Taiwan	$17.7B	+76%	0%	35%	26.0×	12.6%	+1.8%
NVT NVT	United States	$17.2B	-38%	+48%	18%	16.4×	16.2%	+14.3%
Nan Ya Printed Circuit Board 8046.TW	Taiwan	$17.1B	-12%	+34%	12%	26.1×	58.7%	+0.8%
Avary Holding (Shenzhen) 002938.SZ	China	$16.2B	-35%	+8%	10%	22.4×	n/a	n/a
Corning GLW	United States	$91.4B	-43%	+19%	17%	25.4×	24.7%	+6.7%
Gold Circuit Electronics 2368.TW	Taiwan	$12.9B	-45%	+68%	26%	14.5×	14.2%	+20.7%
Zhen Ding Technology Holding Lt 4958.TW	Taiwan	$12.8B	-12%	+5%	9%	18.4×	n/a	n/a
Accelink Technologies 002281.SZ	China	$10.8B	-37%	+32%	11%	42.6×	n/a	n/a
Kinsus Interconnect Technology 3189.TW	Taiwan	$10.7B	+27%	+34%	14%	29.4×	41.2%	+7.7%
Sunny Optical 2382.HK	Hong Kong	$8.92B	-3%	+20%	8%	14.8×	4.9%	+1.9%

Questions

Who are Unimicron Technology's main competitors?: Named competitors: Zhen Ding Technology (4958.TW), Kinsus Interconnect (3189.TW), Ibiden (4062.T), Nan Ya PCB (8046.TW). The cockpit's measured peer set (industry) also includes Suzhou Dongshan Precision Manufacturing (2384.HK), Celestica (CLS.TO), Tdk (6762.T), Luxshare Precision Industry (2475.HK), Ibiden (4062.T), Chaozhou Three-Circle (Group) (300408.SZ).
Is Unimicron Technology expensive compared with its peers?: On forward p/e it trades at 20.1× against a peer median of 18.4×, 10th most expensive of 20 in its peer set. For today's price to make sense, revenue must grow about 46% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +38 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Unimicron Technology stock performed?: Over six months to 6 Nov 2026 the shares returned -19.3% against -28.6% for the median peer; over one year +355.3%.