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In October 2025, the number of PCB-related investment projects in China and abroad has decreased year-on-year.
Domestic investment saw a year-on-year decline in the number of investment projects in October. As shown in Figure 1, by the end of October 2025, there were a total of 226 investment projects (including ongoing projects) by domestic PCB companies, with 3 new investment projects added in October, including 2 new contracts and 1 acquisition. The newly added investment amount in October (only including disclosed amounts) was approximately 957 million RMB, which includes a proposed acquisition of over 50% equity in Wuxi Huayang Technology Co., Ltd. by Pengding Holdings for 357 million; a contract for a production project of 1 million square meters of high-precision HDI circuit boards signed in Maoming, Guangdong by Puri Electronics; and a contract for a PCB production project signed in Guigang, Guangxi by Bominxing. Additionally, there were 3 other new investment projects with a total disclosed investment amount of approximately 2.88 billion RMB.
Figure 1 New PCB-related investment projects in China in October 2025
Table 1 New PCB and related investment projects in China in October 2025
International investment saw an overall decline in the number of investment projects year-on-year in October. As shown in Figure 2, in October 2025, there were 5 new PCB investment projects internationally, which remained basically unchanged compared to September, coming from Thailand, Malaysia, Vietnam, and Taiwan, China. Mankun Technology plans to raise 760 million RMB for a high-end printed circuit board production base project in Thailand; Malaysia’s GUH Holdings Berhad is entering the high-end PCB field with more than 10 layers; Zhen Ding’s subsidiary in Thailand, Peng Shen Technology (Thailand) Co., Ltd., is building a new factory; a publicly listed PCB manufacturer in South Korea, TLB, is investing in its subsidiary in Vietnam; and Century Minsheng Technology is acquiring shares of Xingyun Computer Co., Ltd. from Xinyi Chemical Industry.
Figure 2 New PCB-related investment projects internationally in October 2025
Author: Zhang Guoqi
Reviewer: Zhang Yun
Contact Information CPCA
CPCA Information Department Zhang Yun
021-54179011-617, 18702112376, [email protected]
CPCA Information Department Zhang Guoqi
021-54179011-612, 19121739850, [email protected]
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