What YMT does

YMT Co., Ltd. is a Korea-based specialty chemicals and electronic materials company founded in 1999 (KOSDAQ-listed since April 2017) that develops and manufactures proprietary chemical formulations for the printed circuit board (PCB) and semiconductor packaging industries. Its core technology centers on electroless and electrolytic plating chemistries — including electroless copper plating, electronic copper plating, the proprietary NT Mark-certified DUOTOP process (No. N107, granted 2005), the Soft ENIG process, and the ENEPIG process — alongside circuit process chemicals (DR Series, SE Series, Gold Recover, Cleaner), semiconductor packaging chemicals (gold surface cleaning, Cu etchant, gold etchant, post-dry etch cleaner), and electronic materials (EMI shielding, coverlay films, edge coatings, dry films). Its ENEPIG chemistry has been applied in Apple iPhone PCB substrates, and its horizontal chemical copper plating materials are supplied to Samsung Electro-Mechanics factories in Kunshan (China) and Vietnam.

YMT operates a hybrid B2B/B2C revenue model. The primary B2B stream is one-time sale of proprietary chemical formulations and surface-treatment processes to global PCB makers in Korea, China, and Taiwan. A secondary B2B stream consists of plating outsourcing services (ENIG, ENEPIG, via-fill) delivered through wholly-owned subsidiaries YPT Co., Ltd. (Korea) and YMT Vina Co., Ltd. (Vietnam), generating recurring service revenue. A small B2C stream sells bio-link consumer materials through Chimie Lab Co., Ltd. Distribution is wholly-owned and direct: headquarters and three factories plus two R&D centers in Incheon (Korea), with regional subsidiaries in Bac-ninh/Vin-Phuc (Vietnam), Taoyuan (Taiwan), and Shenzhen with branches in Pinhong and Kunsan plus a Zhuhai factory under construction (China). Plating equipment is developed via Beyond Solution. Pricing is quote-based and not publicly disclosed.

YMT is one of five global players — alongside Uemura, Atotech, DuPont Electronic Materials, and Tanaka — that collectively control more than 82% of the global electroless plating solutions for package substrate market, a market projected to grow from $212 million in 2025 to $356 million by 2032 (7.8% CAGR). End-customer entry barriers are high, with qualification cycles reportedly costing $500K–$2M per supplier change. The company reported 2025 revenue of 1,446 hundred million Korean won (approximately $104M USD), supported by 8,619 tons of annual production and a 159-person workforce, of which roughly 23.7–26% are in research roles. The company also holds a strategic co-development partnership with DuPont (September 2023) targeting high-end PCB materials for the global semiconductor plating systems market.

Name

YMT

Legal name

YMT Co., Ltd.

Website

https://ymtechnology.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

101–250 employees

Short description

YMT Co., Ltd. is a Korean specialty chemicals company that develops and manufactures proprietary plating and surface-treatment chemistries — including electroless copper, ENIG, and ENEPIG processes — for global PCB makers and semiconductor packaging customers in Korea, China, Taiwan, and Vietnam.

Ownership category

akta.pro rank

Product category

Specialty Chemicals for Electronics Manufacturing

NAICS

Semiconductor and Other Electronic Component Manufacturing (33441)

SIC

Miscellaneous Chemical Products (2890)

akta.pro primary industry

PCB & Electronics Manufacturing Chemicals (Desmear, micro-etch, plating, fluxes) (IMAEAKAL)

Keywords

• PCB plating chemicals
• Semiconductor packaging chemicals
• Electroless copper plating
• Surface treatment chemicals
• Electronic materials manufacturing

Headquarters

HQ city

Icheon

HQ country

South Korea

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. B2B Chemical Sales: Sale of proprietary chemical formulations for PCB manufacturing and semiconductor packaging to global PCB makers in Korea, China, and Taiwan. Core revenue stream.
2. Plating Outsourcing Services: ENIG, ENEPIG, and via-fill plating services provided through subsidiaries YPT Co., Ltd. (Korea) and YMT Vina Co., Ltd. (Vietnam).
3. B2C Bio-link Materials: Consumer-facing bio-link material products sold through Chimie Lab CO., LTD.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels2 records

Core offering

YMT develops and manufactures proprietary chemical formulations for PCB manufacturing and semiconductor packaging, including electroless and electrolytic copper plating chemicals, ENIG and ENEPIG surface finish processes, circuit process chemicals, semiconductor packaging chemicals (etchants and cleaners), and electronic materials such as EMI shielding, coverlay films, and dry films. The company also provides plating outsourcing services (ENIG, ENEPIG, via-fill) through subsidiaries YPT (Korea) and YMT Vina (Vietnam), and operates automated analysis equipment for process monitoring.

Product overview

YMT (와이엠티) is a chemical materials company specializing in the development and manufacturing of specialty chemicals and electronic materials for PCB (printed circuit board) and semiconductor packaging industries. The company's product portfolio centers on plating chemicals (electroless and electrolytic copper, ENIG, ENEPIG processes), circuit process chemicals (DR Series, SE Series), semiconductor packaging chemicals (etchants, cleaners, surface treatments), and electronic materials (EMI shielding, coverlay films, dry films). YMT also provides automated analysis equipment and operates plating services through its subsidiaries. The company serves global PCB makers including Samsung Electro-Mechanics and Foxconn, applying its proprietary technologies across mobile, automotive, electronic device, and wearable device sectors, while expanding into semiconductor and display materials.

Differentiator

Problem solved

Functional benefit

Products and services

• Electroless Copper Plating Chemicals Electroless copper plating chemicals used in PCB manufacturing for via filling and circuit formation, supplied to PCB manufacturers globally.
• Electronic Copper Plating Chemicals Electrolytic copper plating solutions for PCB surface treatment and circuit patterning.
• DR Series Circuit Process Chemicals Circuit process chemicals (DR Series) used in PCB manufacturing for pattern formation.
• SE Series Surface Treatment Chemicals
• Gold Recover Chemicals
• Cleaner Chemicals
• Soft ENIG Process Electroless Nickel Immersion Gold (ENIG) surface finish process for PCB, providing flat surface for BGA and fine-pitch components, with China export capability.
• ENEPIG Process Electroless Nickel Electroless Palladium Immersion Gold surface finish process offering superior wire bondability and solderability for advanced packaging applications.
• Gold Surface Cleaning Chemicals
• Cu Etchant
• Gold Etchant
• Post Dry Etch Cleaner
• EMI Shielding Materials
• Coverlay Film
• Edge Coating Materials
• Dry Film
• Automatic Analyzer
• Bio Link Materials
• YPT Plating Services Plating outsourcing services including ENIG, ENEPIG, and via-fill processes, provided by subsidiary YPT Co., Ltd.
• Beyond Solution Plating Equipment

Named customers4 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• DuPont (Dow Electronic Materials)coreStrategic or Co-development Partner · 1 September 2023DuPont partnered with YMT Co., Ltd. in September 2023 to advance high-end PCB material solutions. The partnership leverages DuPont's electronic materials expertise with YMT's chemical formulation and manufacturing capabilities. This collaboration positions YMT within DuPont's supply chain for the global semiconductor plating systems market, which is projected to reach $7.83 billion by 2030.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Daiwa Fine Chemicals: Japanese specialty chemicals producer with PCB plating and surface treatment chemistries. Overlaps with YMT's electroless plating, ENIG/ENEPIG, and electronic materials product families, serving a similar Asian PCB customer set.
• Shikoku Chemicals (Paleneed / Palacid): Specialty chemicals supplier focused on PCB plating and surface finishing chemistries including ENIG and electroless plating. Overlaps with YMT's surface treatment and PCB plating product lines across the same Korean, Taiwanese, and Chinese customer base.

Direct peers

• Tanaka Precious Metals: One of the five dominant players (>82% combined share) in electroless plating for package substrates. Tanaka's precious-metal chemistry lines for ENEPIG/gold plating directly overlap YMT's ENEPIG and gold-surface cleaning portfolios.
• Uyemura International: Japanese-headquartered top-5 global supplier of electroless plating solutions for PCBs and package substrates. Directly competes with YMT in ENIG, ENEPIG, and electroless copper chemistry, especially across Taiwanese and Chinese PCB customers.
• MacDermid Enthone Electronics Solutions: Major global supplier of electroless copper, ENIG, ENEPIG, and PCB plating chemistries serving the same Asian PCB and semiconductor packaging customers. Overlaps with YMT's core product portfolio of electroless plating and surface finish chemistries.
• DuPont (Dow Electronic Materials): Competitor in electroless plating for package substrates (top-5 oligopolist) and YMT's September 2023 strategic partner for high-end PCB materials. Overlap in ENEPIG/ENIG chemistry and global semiconductor packaging channels makes DuPont both a competitor and collaborator.
• Atotech (MKS Instruments): Direct competitor and one of the top-5 global electroless plating suppliers for PCB/package substrate manufacturing, alongside YMT in the same oligopoly that controls >82% market share. Now part of MKS Instruments, with overlapping ENIG/ENEPIG/electroless copper chemistry lines serving the same Asian PCB and EMS customers.

Regional players

• Shanghai Sinyang Semiconductor Materials: China-based supplier of PCB plating chemicals and electronic materials. Competes with YMT in the Chinese market, particularly for Samsung Electro-Mechanics Kunshan and other mainland China PCB customers.
• Chang Chun Petrochemical (CCPC): Taiwan-based specialty chemical and PCB materials supplier including plating chemistries and electronic-grade materials. Operates as a regional competitor primarily serving Taiwanese and Chinese PCB manufacturers where YMT is also active.

Broad incumbents

• JX Nippon Mining & Metals: Large Japanese materials supplier with copper and plating chemicals exposure including semiconductor metallization and PCB-relevant chemistries. Comparable to YMT in metallization and plating chemistry domain within a much broader nonferrous-metals and electronic materials portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about YMT