Qnity Electronics, Inc. (NYSE: Q)

Qnity is a global leader in materials and solutions for the semiconductor and electronics industries, enabling advancements in artificial intelligence, high-performance computing, and advanced connectivity. The company partners with semiconductor and advanced device manufacturers to develop materials that address complex manufacturing challenges and support next-generation technological innovations. With over 50 years of experience in systems engineering and material science, Qnity operates a global manufacturing footprint and application labs worldwide, serving customers across data centers, communications infrastructure, industrials, automotive, and consumer electronics sectors.

Qnity generates revenue primarily through the sale of consumable and unit-driven materials and solutions used in semiconductor manufacturing and advanced electronics. Over 90% of its 2025 revenue came from products utilized in the manufacturing process or incorporated into final electronic devices. The company’s revenue stems from its two operating segments, which provide specialized materials across the electronics value chain, including cleaning chemistries, CMP slurries and pads, lithographic materials, sealants, thermal management solutions, and flexible circuit materials.

The company operates through the following segments: Semiconductor Technologies and Interconnect Solutions.

• Semiconductor Technologies: This segment provides a portfolio of innovative materials and solutions used across multiple stages of the semiconductor manufacturing process, including advanced cleans, CMP slurries, CMP pads, lithographic materials, and specialized sealants. These materials are designed to improve chip performance, enhance yield, and enable leading-edge node technology. Key brands include PlasmaSolv®, CuSolve™, PCMPSolv™, EtchSolv™, Acuplane™, Optiplane™, Novaplane™, IC1000™, Ikonic™, Visionpad™, Optivision™, Politex™, Suba™, Emblem™, EPIC™, EON™, AR™, MICROPOSIT™, MEGAPOSIT™, UVN™, CTO™, SPR™, and Kalrez®.

• Interconnect Solutions: This segment offers material solutions for advanced packaging, thermal and power management, and printed circuit board applications, addressing signal integrity, thermal management, and miniaturization challenges in high-performance electronics. Its products support advanced semiconductor packaging, IC substrates, PCBs, components, and displays. Key brands include Circuposit™, Ecoposit™, Microfab™, Microfill™, Nikal™, Riston®, Skyton™, Silveron™, Solderon™, Intervia™, Tputty™, Tflex™, CoolZorb™, Kapton®, Oasis®, Pyralux®, and Interra®.

Qnity is one of the largest global providers of electronics materials, competing with companies such as Entegris, Merck KGaA, Resonac, Element Solutions, and MKS Instruments. The company differentiates itself through its breadth and depth of product portfolio, deep customer intimacy with industry leaders, innovation leadership driven by materials science expertise, regionalized sourcing, diversified supply chain, global manufacturing footprint, operational excellence, and strong financial profile. Its long-standing relationships and high renewal rates reflect its commitment to delivering reliable, high-performance solutions in a demanding market.

Qnity serves a diverse customer base within the electronics manufacturing ecosystem, including semiconductor device manufacturers, foundries, equipment providers, circuit board manufacturers, and original equipment manufacturers (OEMs). The company counts nearly all of the world’s top 20 largest semiconductor manufacturers among its customers, with Samsung Electronics Co., Ltd. and Taiwan Semiconductor Manufacturing Company Limited representing 11% and 8% of its 2025 net sales, respectively. The average length of its relationships with its top 10 customers exceeds 30 years.