Qnity is a specialty materials and chemical solutions company serving semiconductor manufacturers and advanced electronics producers. The company was spun out of DuPont in November 2025 and trades on the NYSE under the ticker "Q." Qnity's products are consumables — materials used up in the manufacturing process or incorporated into finished devices — meaning revenue scales directly with production volumes like wafer starts and PCB output, not just the number of fabs in operation. Qnity operates in two segments: Semiconductor Technologies (~55% of revenue), which supplies CMP pads and slurries, lithographic materials, cleaning chemistries, and equipment sealants used in chip fabrication; and Interconnect Solutions (~44% of revenue), which provides plating chemistries and dielectrics for advanced packaging and PCB manufacturing, thermal interface and EMI materials through its Laird Technologies business, and polyimide films through its Advanced Flex Technologies unit. A key growth driver is the "processing material multiplier" effect: advanced logic and memory nodes require three to five times more material per wafer than legacy nodes, so as chipmakers migrate to smaller and more complex architectures, Qnity sells more material per wafer at higher prices. Qnity's sales model centers on qualifying materials into customer manufacturing processes — called Process of Record wins — which generate recurring revenue given the high cost and yield risk of switching. TSMC and Samsung are Qnity's two largest customers. Qnity's growth strategy focuses on increasing advanced node exposure, expanding in advanced packaging, and growing thermal management products driven by AI data center demand.