UNISEM (M) BERHAD (5005.KL)
- Sector
- Technology
- Price
- RM 4.09 (-0.97%)
- Market cap
- 7.0B MYR
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About UNISEM (M) BERHAD
Company Description
Unisem (M) Berhad is an outsourced semiconductor assembly and test (OSAT) provider with manufacturing operations in Malaysia (Ipoh, Gopeng, and Simpang Pulai) and China (Chengdu). The company offers a suite of assembly and test services, including wafer bumping, wafer probing, wafer grinding, leadframe and substrate integrated circuits packaging, wafer level chip-scale packaging, flip-chip, and radio frequency, analog, digital, and mixed-signal testing. It operates within the semiconductor industry, catering to market segments such as industrial/power management, automotive, communication, consumable, and PC/notebook.
Business Model
Unisem operates as an OSAT provider, generating revenue by offering assembly and test services to fabless semiconductor companies and integrated device manufacturers. The company processes wafers and assembles/tests integrated circuits, with revenue dependent on volume loadings and plant utilisation rates. Key advantages include its strong presence in the power module business, product quality commanding pricing power, and a strategic position to benefit from the 'China+1' supply chain diversification, where Malaysia serves as a preferred hub outside China for major customers like MPS.
Revenue Segment
In 1Q26, leadless package revenue accounted for more than 60% of total revenue. By market segment in 1Q26, Automotive contributed 25%, Consumable 21%, Communication 19%, and PC/Notebook 8%. By customer concentration in FY2025, Monolithic Power Systems (MPS) contributed 36% of revenue, forecasted to rise to 40-46% in FY26-28. Other key analog customers include Infineon, Renesas, and Power Integrations.
Top Client
Monolithic Power Systems (MPS), Infineon, Renesas, Power Integrations, Korean smartphone customer, US customer.
Operational Scale
Unisem operates manufacturing plants in Ipoh, Gopeng, and Simpang Pulai (Malaysia), and Chengdu (China). The Gopeng plant utilisation was approximately 40% of Malaysia revenue in 1Q26, while Chengdu operations are expected to run near full capacity in 2Q26. Headcount increased to 7,468 in 1Q26. Expansion targets include Chengdu Phase 3 (twice the capacity of Phases 1 and 2 combined), Chengdu Phase 5, and Gopeng Plant 2.
Associate Companies
Major shareholders include Huatian Technology Sdn Bhd (44.4%), Jayvest Holdings Sdn Bhd (11.12%), John Chia & Co (30.0%), and EPF (4.7%).
Latest UNISEM (M) BERHAD news
- Bullish Before ELSOFT’s Rally, Cautious Before Its Retreat—Which Stock Does the No.1 Tech Analyst Back for 70% Upside?
- No.2 Tech Analyst Sees Limited US Rate-Hike Impact on Semiconductor Sector; Ups UNISEM and MPI to Buy
- One of Top Tech Analysts Says Potential US Ban on Chinese Optical Transceivers Could Accelerate China+1 Shift; INARI, NATGATE, EG in Focus
- One of Top Tech Analysts Upgrades UNISEM After Strong 1H Results; AI-Driven Industrial Growth in Focus
- Hong Leong Upbeat on 2Q Tech Earnings, Sees Biggest Upgrade Potential in VITROX, UWC and INARI