A rumored PCB supplier for the iPad and MacBook reported a nearly 100% increase in profits in Q1 of 2020, accounting for $42.2 billion according to a new report today by DigiTimes. The supplier’s gross margins also reportedly increased by 17.63%, meeting revenue of NT$17.512 billion.
Zhen Ding said the impressive profit was mainly driven by growing penetration of its flexible boards for non-handset applications which have seen strong demand amid the coronavirus pandemic to support remote work and learning. The company reportedly is a supplier for iPad and MacBook, and expects the shipment ratio for iPad series to grow to 25-30% in 2020, industry sources said.
Alongside its rumored supply of flexible PCB boards for the iPad and MacBook, the company plans to venture into non-handset devices, and will, “expand its customer base and develop more and technology-intensive PCB products to provide clients with one-stop shopping services.”
DigiTimes also reports that the supplier says its supply of SLP or substrate-like PCB products will “be larger than ever” and that it’s working to improve yield rates to better satisfy customers.