MK Electron Targets Indian Electronics Manufacturing Market, Expands Solder Paste Customer Base

Global semiconductor materials company MK Electron is expanding its solder paste business in India’s rapidly growing electronics manufacturing market. The company’s strategy is to broaden its connections with local customers and secure new demand, in line with India's industrial policies that aim to expand local production and procurement of electronic components and materials beyond finished product assembly.

On October 1, MK Electron announced that it participated in ‘Productronica India 2026’, held from September 16 to 18 at the Bangalore International Exhibition Centre (BIEC) in Bengaluru, India. Productronica India is the leading South Asian exhibition specializing in the electronics manufacturing industry, covering all processes from electronics development to production. This year’s event was held alongside ‘electronica India’.

At this exhibition, MK Electron focused on its new solder paste business and evaluated business opportunities in the local market. Solder paste, a bonding material that mixes metal powder and flux, is used in Surface Mount Technology (SMT) processes to attach electronic components to printed circuit boards (PCBs). As electronic products become more high-performing and compact, with increasing component density, the importance of materials that ensure stable printability and reliable bonding continues to grow.

The company’s main focus at the exhibition was not on promoting its products themselves, but on expanding contact points with local manufacturers. India is rapidly expanding its production base across the electronics manufacturing sector, including mobile devices, IT hardware, automotive electronics, and industrial electronics.

According to data from the Indian government, the value of electronics production increased from approximately 135 trillion won to 161 trillion won over the past year. During the same period, electronics exports also rose from around 34 trillion won to 46 trillion won.

Notably, MK Electron sees an opportunity for materials companies as the Indian government moves away from a production structure centered on finished product assembly and expands local production of electronic components and semiconductors. As of May 2026, the Indian government, through the ‘Semicon India Programme’, had approved financial support for 12 semiconductor manufacturing facilities and 24 semiconductor design companies.

At Productronica India 2026, localization of the electronics manufacturing ecosystem was a key agenda item. At the ‘India Electronics Conclave 2026’ held during the event, topics included the electronics manufacturing competitiveness of Karnataka State, localization of electronics manufacturing equipment and automation, expansion of the PCB industry, and the achievement of self-sufficiency and additional value in electronic components.

Bengaluru, located in Karnataka State where the exhibition took place, is regarded as a major hub for Electronic System Design and Manufacturing (ESDM) in India. According to Karnataka’s industrial policies, global electronics and semiconductor companies and research and development professionals are concentrated around Bengaluru, and more than 2,000 electronics startups are active in the region.

MK Electron focuses on the likelihood of increased local demand for manufacturing process materials, including solder paste, as the electronics manufacturing ecosystem expands. The company believes that if there is greater demand for local sourcing of components and materials alongside increased production facilities, the ability to deliver quality and technical support tailored to the process requirements of local customers will become even more important.

The company plans to apply the metal material technology and quality management expertise it has accumulated through its existing bonding wire and solder ball businesses to its solder paste business as well. The company intends not only to supply products, but also to conduct product evaluations and provide technical support adapted to customers’ SMT process requirements, gradually expanding its supply base in the Indian market.

An MK Electron representative stated, “In India, alongside the expansion of electronics production, localization of components and materials is advancing rapidly, making this a region with strong growth potential for the electronics materials market in the mid- to long-term. Through our participation in Productronica India, we were able to confirm the requirements of the Indian electronics manufacturing market and the applicability of solder paste.”

The official added, “Building on our accumulated technological expertise and quality competitiveness from our existing semiconductor packaging materials business, we will expand our customer base for solder paste and continuously explore business opportunities in India and other high-growth overseas electronics manufacturing markets.”

This content was produced with the assistance of AI translation services.