What ITEQ does

ITEQ Corporation (聯茂電子股份有限公司) is a Taiwan-based, publicly listed manufacturer of electronic substrate materials for the printed circuit board (PCB) industry. Founded in 2007, the company produces copper-clad laminates (CCL), prepreg (PP), insulated metal substrates for thermal management (IMS), and flexible copper-clad laminates (FCCL), and sells these B2B directly to PCB manufacturers and electronics OEMs serving cloud servers and networking equipment (primary), high-end smartphones and tablets, automotive electronics, and wearable/flexible devices. The product portfolio is differentiated by specialty sub-lines — ultra-low loss and low dielectric-constant materials for servers, halogen-free ultra-thin prepregs for HDI mobile applications, automotive-grade materials with high leakage voltage and heat-shock resistance, ultra-thin coverlays and substrates for miniaturization, and a low-loss series for high-frequency flexible circuits — with UL safety certifications on automotive and flexible product lines.

The business operates a multi-site manufacturing footprint of six plants across Taiwan and mainland China (Taiwan headquarters, plus Guangzhou, Dongguan, Wuxi, Huangjiang, and Jiangxi), supporting regional customer proximity and scale. Revenue mechanics are B2B with quote-based pricing (not publicly disclosed), selling to enterprise PCB fabricators; the company maintains a full investor relations apparatus including monthly revenue reporting, quarterly results, annual reports, and an active 2026 conference schedule with First Capital, HSBC, Citi, Fubon, Bank of America, and JPMorgan, indicating reporting-scale operations. The go-to-market is direct enterprise sales complemented by IR-driven institutional engagement, with no consumer-facing channels, no app presence, and no disclosed partnerships or M&A activity in the input.

Name

ITEQ

Legal name

聯茂電子股份有限公司 ITEQ CORPORATION

Website

https://iteq.com.tw

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ITEQ Corporation (聯茂電子) is a Taiwan-listed B2B manufacturer of copper-clad laminates, prepreg, thermal substrates, and flexible substrates for PCB makers serving cloud servers, networking, mobile devices, automotive electronics, and wearables, operating six plants across Taiwan and China.

Ownership category

akta.pro rank

Product category

Electronic Substrate Materials

NAICS

Bare Printed Circuit Board Manufacturing (334412)

SIC

Printed Circuit Boards (3672)

akta.pro primary industry

PCB Materials & Laminates (Copper Clad, Prepreg, Cores) (HDAHAOAJ)

akta.pro secondary industries

Printed Electronics & Advanced Substrates (HDI, IC Substrates, Embedded Components) (HDAHAOAK), PCB Fabrication (Flex & Rigid-Flex PCBs) (HDAHAOAH)

Keywords

• Copper-clad laminates
• PCB substrate materials
• Flexible copper-clad laminates
• Thermal management materials
• Electronic base materials

Headquarters

HQ city

Hsinchu

HQ country

Taiwan

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Distribution channels1 record

Marketing channels3 records

Core offering

ITEQ Corporation manufactures and sells copper-clad laminates (CCL), prepreg (PP), thermal/heat dissipation materials including Insulated Metal Substrates (IMS), and flexible copper-clad laminates (FCCL) used as foundational substrate materials for printed circuit board (PCB) production. The company serves manufacturers of high-end cloud servers, networking equipment, smartphones, tablets, automotive electronics, and wearable devices with specialty material formulations including ultra-low loss, halogen-free, automotive-grade, and high-frequency flexible materials.

Product overview

ITEQ Corporation is a professional laminate and substrate manufacturer serving as a key supplier in the printed circuit board (PCB) materials supply chain. The company operates as a single-architecture manufacturer producing electronic base materials rather than a multi-module platform. Its core product portfolio consists of three main categories: (1) Copper-Clad Laminates and Prepreg (銅箔基板及膠片) — the foundational rigid substrate materials for PCBs; (2) Thermal Materials/IMS (散熱材料) — insulated metal substrates for thermal management in power electronics; and (3) Flexible Copper-Clad Laminates (軟性基板) — flexible circuit materials for bendable electronics. These are supplemented by specialized application-specific formulations including ultra-low loss materials for servers and networking equipment, halogen-free environmental materials for consumer electronics, automotive-grade materials with high thermal shock resistance, ultra-thin materials for wearable devices, and Low Loss series products for high-frequency high-speed flexible circuit applications. ITEQ positions itself as both a substrate manufacturer and a primary electronic components producer, investing continuously in personnel, training, and R&D to deliver world-class quality to major brands.

Differentiator

Problem solved

Functional benefit

Products and services

• Copper-Clad Laminates and Prepreg (CCL/PP) (銅箔基板及膠片) Core base material products for printed circuit boards (PCBs), including copper-clad laminates (CCL) and prepreg (PP) materials used as the foundational substrate for PCB manufacturing. Sold to PCB manufacturers serving cloud server, networking, mobile device, automotive, and industrial electronics end markets.
• Thermal Materials / Insulated Metal Substrate (IMS) (散熱材料) Heat dissipation materials including Insulated Metal Substrate (IMS) solutions designed for thermal management in electronic devices and power applications. Sold to PCB manufacturers producing power electronics, LED lighting, and power conversion modules.
• Flexible Copper-Clad Laminate (FCCL) (軟性基板) Flexible substrates and flexible copper-clad laminates (FCCL) for applications requiring bendable or flexible circuit solutions in electronic devices. Sold to flexible PCB manufacturers serving smartphone, wearable, and consumer electronics markets.
• Ultra-Low Loss, Low Dielectric Materials for Server Applications Specialty substrate materials with ultra-low signal loss and low dielectric constant for high-speed data transmission in high-end cloud server and networking equipment applications. Includes improved dimensional stability and thin-board process capabilities.
• Halogen-Free Environmental Materials Eco-friendly laminate and prepreg materials without halogen compounds, designed for high-end smartphones, tablets, and HDI applications requiring environmental compliance and dimensional stability.
• Automotive Electronics Materials Materials engineered for automotive electronics applications with high leakage voltage resistance and high thermal shock durability. Certified by third-party automotive PCB testing laboratories and UL safety testing. Used in automotive electronic control units, sensors, and power systems.
• Ultra-Thin Coverlay and Substrate Products Extremely thin flexible circuit materials developed for electronic device miniaturization and wearable technology applications requiring flexible form factors.
• Low Loss Series (Coverlay, Substrate, Pure Adhesive) Complete high-frequency high-speed flexible board solutions including Low Loss coverlay films, substrates, and pure adhesive products for high-frequency high-speed transmission flexible circuit applications. UL safety testing certified.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Doosan Corporation (Electronic Materials): Korean manufacturer of copper-clad laminates and PCB materials. Direct peer to ITEQ in rigid and specialty CCL serving consumer electronics, mobile, and increasingly server/automotive customers across Asia.
• Goldenmax International Technology: Taiwan-listed copper-clad laminate manufacturer with rigid and specialty CCL products. Directly comparable to ITEQ as a Taiwan-headquartered CCL peer competing in similar PCB downstream end markets.
• Kingboard Laminates (Kingboard Holdings): Hong Kong-listed vertically integrated CCL and PCB materials producer. Directly comparable to ITEQ in rigid CCL and laminate upstream materials with similar customer base of PCB fabricators across Asia.
• Shengyi Technology: China-headquartered, publicly listed (600183.SH) and the world's largest copper-clad laminate manufacturer. Directly comparable to ITEQ across rigid CCL, high-speed/high-frequency CCL, and FCCL portfolios serving servers, automotive, mobile and consumer electronics.
• Nan Ya Plastics (Formosa Plastics Group): Taiwanese petrochemicals and plastics major with a copper-clad laminate division that competes with ITEQ, particularly in commodity and mid-tier rigid CCL serving the same downstream PCB customers.

Emerging players

• Rogers Corporation: US-based specialty materials company with strong positions in high-frequency, low-loss CCL and laminates for advanced communications, automotive radar and aerospace. Overlaps with ITEQ's Low Loss / ultra-low loss server and automotive material lines.

Broad incumbents

• Resonac (formerly Showa Denko Materials / Hitachi Chemical): Major Japanese electronic materials conglomerate with leading positions in high-frequency/low-loss CCL and IC substrates. Directly competes with ITEQ in advanced server and high-frequency PCB materials while serving broader markets.
• Panasonic (Electronic Materials / Industry Company): Diversified Japanese electronics giant with a significant CCL and electronic materials business. Competes with ITEQ across rigid CCL and specialty substrates as part of a much broader materials and components portfolio.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/iteq-corporation

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about ITEQ