Flash | 24 Feb 2026 08:04:03 ET │ 12 pages Taiwan PCB & Laminates ABF/BT sector: Unimicron's and NYPCB's 4Q25 results roughly in line with the consensus CITI'S TAKE Both names released 4Q25 results on Feb 24th after-market. Both 4Q25 GMs were roughly in line with the consensus (driven by better product mix and FX tailwinds, in our view), while OPEX rate came a bit higher likely due to higher employee bonus or R&D for future product launches. Overall, 4Q25 earnings beat were majorly attributed to FX gains or ...