Niche-market flexible PCB specialist Complex Micro Interconnection, which currently trades its shares on Taiwan's Emerging Stock Board (ESB), has received approval to list on the mainboard of the Taiwan Stock Exchange (TWSE).
The company's FPCB products target multiple applications, including notebooks, IPCs, handsets, smart hand-held devices, wearables, POS machines, LCD TVs, display devices, and new energy batteries.
According to company vice president Nick Kuo, Complex Micro's sales performance has been stable thus far this year.
In August, the company's revenue grew 15.9% on-year to NT$239 million (US$7.887 million). For January-August, sales totaled NT$1.885 billion, increasing 5.05% from a year earlier.
Although demand for consumer electronics products has been weakening since the second quarter of 2022, Kuo said that the long-term prospects of FPCB products remain robust, thanks to the growing popularity of 5G communications and possible improvements to the macro environments.
According to an estimate by Prismark, the global PCB market will likely grow at a CAGR of 4.5% in six years to reach US$75.85 billion in 2024.
In addition to FPCB products, Complex Micro also offers cables, wire harness products, and soldering parts, enabling it to offer customized one-stop service for FPCBs, cables, and wire harnesses.
Kuo noted that the company's FPCB products target niche-market applications such as rugged, gaming and business notebooks, which usually carry higher price tags and margins.
Kuo revealed that the company established a cross-department task force in early 2022, focusing on efforts that will help speed up the development and production of FPCB products for applications used in electric vehicle (EV) power systems.
Related efforts have resulted in significant shipment growth for EV applications this year, Kuo added.
Article translated by Steve Shen
