Qnity Electronics, Inc. (Q)

Qnity is a global leader in materials and solutions for the semiconductor and electronics industries, spun off from DuPont de Nemours, Inc. through a Separation and Distribution completed on November 1, 2025, becoming an independent publicly traded company listed on the NYSE under the symbol "Q" as of November 3, 2025. The company operates through two segments: Semiconductor Technologies, which provides materials including CMP slurries and pads, lithographic materials (photoresists and anti-reflective coatings), Kalrez perfluoroelastomer sealants, and advanced OLED display materials used across semiconductor manufacturing processes; and Interconnect Solutions, which offers advanced packaging materials, thermal and EMI management solutions (Laird Technologies), and flexible electronics materials (Advanced Flex Technologies), addressing signal integrity, thermal/power management, and advanced packaging for printed circuit boards and semiconductor packaging. With over 50 years of experience in systems engineering and materials science, Qnity serves leading semiconductor device manufacturers, foundries, equipment providers, and OEMs, counting nearly all of the world's top 20 semiconductor manufacturers as customers, with average relationships exceeding 30 years among its top 10 customers (Samsung Electronics and Taiwan Semiconductor Manufacturing Company being the largest, at 11% and 8% of 2025 net sales, respectively, with total top 10 customers representing 34%).

Over 90% of the company's 2025 revenue came from consumable or unit-driven products used in manufacturing or incorporated into final electronic devices. The company benefits from megatrends including artificial intelligence, high-performance computing, 5G, IoT, advanced connectivity, and next-generation automotive technology, and from a "processing material multiplier" effect where advanced semiconductor nodes require three to five times more processing material per wafer than legacy nodes. Qnity operates approximately 40 manufacturing sites globally, sources roughly 70% of raw materials locally, and manufactures/sells about 80% of products within the same geographic region, supporting a diversified and integrated supply chain with no single supplier exceeding 10% of raw material spend.

The company's strategy emphasizes strengthening its position in high-growth, innovation-driven markets, continued investment in next-generation technology innovation, operational and commercial excellence, disciplined capital allocation favoring targeted modular investments over large new facilities, talent development, sustainability-focused product development, and opportunistic bolt-on acquisitions. In 2025, Qnity invested $354 million in research and development, with R&D and application labs strategically located near key customers in Taiwan, South Korea, China, Japan, Europe, and North America, reflecting its commitment to innovation leadership in materials science and engineering.