
Company Spotlight: Mi Material
Mi Material is a Singapore-headquartered manufacturer of advanced semiconductor packaging materials, operating under its corporate brand Accurus. Established in Taiwan in 1998, the group has over 28 years of experience specialising in precision solder spheres, which serve as critical electrical connections between semiconductor chips and circuit boards.
According to Yole, Mi Material ranked among the world's top three solder sphere suppliers in 2025, with a 24% share of the global serviceable addressable market (SAM), excluding electroplated bumping and hybrid bonding.
Key Highlights
Established market position: One of the world's top three solder sphere suppliers, with a reported 24% global SAM share in 2025.
Exposure to AI and advanced semiconductors: Its products support high-performance computing (HPC), AI, high-bandwidth memory (HBM), smartphones, wearables and automotive electronics.
Advanced manufacturing capabilities: Produces precision solder spheres ranging from 0.030mm to 0.889mm in diameter, serving increasingly sophisticated semiconductor packaging technologies, including 2.5D and 3D chip architectures.
Proprietary technology and R&D: Holds patents covering specialised solder alloys and manufacturing processes, while developing much of its production machinery in-house.
Significant production capacity: Operates manufacturing facilities in Taiwan and China, with a combined annual production capacity of approximately 6.6 trillion to 8.9 trillion solder spheres.
Proposed spin-off and listing: Previously operating as the Semiconductor Materials Business Unit of Bursa Malaysia-listed Mi Technovation Berhad, Mi Material received shareholder approval for its proposed spin-off and listing on 17 September 2026.
Listing: Mainboard of SGX-ST, in SGD
Indication Of Interest: Demand to be reflected in SGD only
INDICATIVE TIMETABLE FOR LISTING
· Registration of Final Prospectus: 19th October 2026
Exchange | SGX |
Subscription Price | S$ 1.80 |
Minimum Indication Of Interest | 500 shares and in multiples of 100 shares |
Deadline For Subscription Using SGD Cash Account | 26th October 2026, Monday at 1100am |
Deadline For Subscription Using Auto-sweep (SGD/USD) | 26th October 2026, Monday at 930am |
Indicative Allotment Date | 27th October 2026, Tuesday |
Indicative Listing Date | 28th October 2026, Wednesday 2pm |
A copy of the Final Offer Document lodged with MAS can be found in the link below.
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Risk Disclosure
· The content herein should not be construed as an offer, recommendation or the solicitation of securities to the public.
· Certain information presented in relation to the specific products are obtained or derived from sources that iFAST Financial Pte Ltd (“iFAST”) believes to be reliable, which iFAST makes no representation as to their accuracy or completeness and iFAST accepts no liability for loss arising from the use of the material.
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