Hana Microelectronics
Hana Microelectronics (SET: HANA) is one of Thailand's largest listed EMS, IC packaging operators. FY2024 consolidated revenue approximately THB 25B. Businesses: IC packaging, test, EMS contract manufacturing, PMIC (power management IC), RFID, specialty components. Plants in Ayutthaya, Lamphun (Thailand), Cambodia. Customer base spans semiconductor fabless, automotive, industrial, consumer OEMs globally.
Snapshot
Headline numbers a buyer checks first.
FY2024 revenue
~THB 25B
FY2024
Ticker
SET: HANA
Listed 1994
Products
EMS, IC packaging, PMIC, RFID
FY2024
Plants
Thailand, Cambodia
Ongoing
What this company actually does
Hana operates multi-site IC packaging, test, EMS contract manufacturing. Ayutthaya, Lamphun plants in Thailand serve semiconductor back-end packaging (SOIC, QFN, BGA), EMS assembly, RFID module production. Cambodia plant adds regional capacity, cost advantage. Revenue roughly split across semiconductor back-end, EMS, specialty components.[]
Strategic position: one of Thailand's longest-running, most-respected listed electronics operators. Benefits from US CHIPS Act, China-plus-one sourcing tailwind via back-end OSAT demand. Competitive set: Stars Microelectronics, foreign-owned OSAT subsidiaries, regional Malaysian, Vietnamese packagers.[, ]
Business segments
IC packaging
Semiconductor back-end OSAT
IC packaging and test in SOIC, QFN, BGA, and SOP formats. Ayutthaya and Lamphun plants serve global fabless and integrated device manufacturers. Automotive, industrial, consumer semiconductor end-markets. ~40% of consolidated revenue.
EMS
Contract electronics manufacturing
Full-turnkey EMS for industrial, medical, automotive, and consumer electronics customers. PCB assembly, box-build, test. Cambodia plant provides regional cost-competitive capacity complementing Thailand flagship.
PMIC, specialty
Power management ICs, RFID
Proprietary PMIC and RFID product lines provide margin premium over pure-OSAT revenue. RFID demand benefits from retail, logistics automation growth in Thailand and ASEAN.
International
Cambodia operations
Phnom Penh facility provides lower-cost, ASEAN-based capacity. Serves customers seeking geographic diversification from Thailand-only concentration; US CHIPS Act supply-chain shift benefit.
Thai listed electronics and OSAT operators — revenue and segment
Delta Electronics Thailand
SVI Electronics
Ticker
SET:SVI
FY2024 revenue
~ $0.232-10B
Primary segment
EMS contract manufacturing; industrial, medical
Ticker
SET:STAR
FY2024 revenue
~ $0.145-7B
Primary segment
IC packaging (OSAT); consumer, auto
| Company | Ticker | FY2024 revenue | Primary segment |
|---|---|---|---|
| Hana Microelectronics | SET:HANA | ~ $724.6M | IC packaging, EMS, PMIC, RFID; Thailand, Cambodia |
| Delta Electronics Thailand | SET:DELTA | ~ $6.09B | Power electronics, EV chargers, data-centre components |
| KCE Electronics | SET:KCE | ~ $434.8M | PCB manufacturing; ~70% automotive |
| SVI Electronics | SET:SVI | ~ $0.232-10B | EMS contract manufacturing; industrial, medical |
| Stars Microelectronics | SET:STAR | ~ $0.145-7B | IC packaging (OSAT); consumer, auto |
Key drivers 2025-2026
Semiconductor back-end cycle
Global OSAT demand cycle; fabless inventory normalisation drives packaging order volume.
CHIPS Act, supply-chain shift
China-plus-one sourcing benefit; US-customer OSAT diversification from Chinese back-end packagers.
PMIC, RFID specialty growth
Higher-margin product-mix shift; proprietary products differentiate from pure-toll packaging.
Cambodia plant ramp
Regional cost and scale expansion; Phnom Penh facility capacity utilisation.
Watchpoints
Cycle
OSAT inventory normalisation
Semiconductor back-end packaging demand follows fabless inventory cycles. FY2024 revenue was pressured by semiconductor downcycle. Watch WSTS global semiconductor sales data and HANA quarterly revenue guidance for recovery signals.
Geopolitics
China-plus-one OSAT shift
US CHIPS Act, entity-list pressure on Chinese OSAT players (JCET, TFME) creates requalification opportunities for Thailand-based HANA. Watch for customer-qualification announcements in annual 56-1 disclosures.
Margin
Specialty product mix expansion
PMIC and RFID proprietary products carry 2-3x the margin of toll-packaging services. Specialty revenue share in the segment breakdown is the key metric for assessing HANA's capability shift beyond commodity OSAT.
Related Market profiles
Peers, parents, partners, agencies, and other Electronics & Semiconductors actors.
Competitor
SVI Electronics manufacturing platform
Listed EMS peer.
Open Market profile →
Competitor
Stars Microelectronics
Listed OSAT peer at smaller scale.
Open Market profile →
Competitor
Delta Electronics (Thailand)
Listed electronics anchor; different segment.
Open Market profile →
Sector peer
Cal-Comp Electronics (Thailand)
Kinpo Taiwan-parent listed EMS; printers, networking, IoT, PC OEM; FY2024 revenue ~ $1.88B.
Open Market profile →
Sources + data provenance
Every filing, filing-adjacent register, or trusted industry source cited in this profile.
Hana Microelectronics PCL (SET: HANA) FY2024 Form 56-1
| Source | Publisher | Grade | As of |
|---|---|---|---|
| Hana Microelectronics PCL (SET: HANA) FY2024 Form 56-1 | Hana Microelectronics PCL | Primary | 2025-03-31 |
Reports featuring this profile
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SET-listed semiconductor packaging.
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FY2024 sales USD 703M / THB 24,801M (-5% YoY in THB, -6% in USD); EBIT THB 845M (-53% YoY); segment mix PCBA Thailand 49%, PCBA China 14%, IC Thailand 24%. IC assembly -20% drag.
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Sits alongside 4 other Atlas profilesThailand Electronics & Semiconductors Market Intelligence
Listed Thai EMS, IC packaging, PMIC, RFID; Thailand, Cambodia plants; FY2024 revenue ~THB 25B.
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Sits alongside 7 other Atlas profilesThailand Semiconductor OSAT Deep Dive
HANA scale leader in Thai OSAT; Lamphun, Ayutthaya campuses.
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Sits alongside 6 other Atlas profilesKCE: PCB Cycle and the Automotive-Electronics Rotation
Adjacent SET:HANA in semiconductor backend
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Sits alongside 5 other Atlas profilesRelated Market profiles
competitor
SVI Electronics manufacturing platform
Listed Thai EMS contract manufacturer; industrial, medical, automotive customer mix; FY2024 revenue ~THB 25B.
competitor
Stars Microelectronics
Listed Thai semiconductor packaging, test, EMS specialist; smaller-scale OSAT peer to Hana.
competitor
Delta Electronics (Thailand)
Listed EV power-electronics, charging-infrastructure supplier — the single clearest BEV-content beneficiary at SET scale.