1. The surge in AI computing power demand drives the need for high-end PCBs, with domestic mainstream manufacturers actively expanding production. 1) Computing power demand: Against the backdrop of sustained high computing power demand from AIGC and others, the global server market is entering a new growth cycle starting in 2024. IDC predicts that from … Read more
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In July of this year, Nvidia became the first company in the world to surpass a market value of $4 trillion, and on August 12, its closing market value reached $4.5 trillion. “Nvidia has no limits,” some commentators exclaimed. Nvidia’s soaring success has also ignited a surge in related stocks in the A-share market, including … Read more
1. The Birth and Evolution of PCBs Prototype Stage (1903–1940) In 1903, German engineer Albert Hanson created “circuits” by sandwiching metal foil between wax paper in telephone switchboards, considered the earliest concept of “inter-layer interconnection.” In 1925, Frenchman Charles Ducas used templates to print conductive ink, proposing the concept of “printed wiring” for the first … Read more
Click↑↑↑「Blue Text」 to follow our official accountEditor An An’s private account: dianduquan (This image is unrelated to the promotion and article) (Source: Advanced Manufacturing New Perspective) Investment Rating: Buy (Maintain) 1 Rising demand for computing power drives capital expenditure in the PCB industry According to IDC data, global server sales are expected to reach $95.2 … Read more
[For more macro/strategy/industry/individual stock research summaries, expert discussions, whitelist conference calls, commentary essays, etc., please join the “Senior Buyer Research” knowledge community, updated daily with over 200 entries.] 1. Drivers of HDI Demand Growth •Core Driver of Industry Cycle Upturn: The HDI industry exhibits significant cyclical order fluctuations. Before the fourth quarter of 2024, orders … Read more
In the factory in Huizhou, precision circuit boards flow quietly in a dust-free workshop, while hot money from the capital market is pouring into this once-obscure electronic component manufacturer at an unprecedented speed. On August 11, 2025, at 3 PM, as the closing bell rang on the A-shares, Shenghong Technology’s stock price settled at202.45 yuan, … Read more
Recently, the public account has changed its rules, and articles are no longer pushed in chronological order. If you don’t want to miss articles from the “Thinking Summary Account“, please set it as a “star” and frequently click “See”. Thank you for your support! This public account is a backup account for the “Thinking Summary … Read more
1. Core Industry Logic 1. High-End Upgrade Drive AI computing power demand: The value of the PCB in a single cabinet of the NVIDIA GB200 server reaches $171,000, with a surge in demand for multilayer boards with more than 24 layers, and processing fees at a premium of 30%. The value of high-end HDI boards … Read more
1. PCB output value and AI server dual-line high growth computing hardware sector continues to rise in popularity According to the Prismark report, in the first quarter of 2025, the global PCB market size is expected to grow by 6.8%, with high-end HDI boards (High-Density Interconnect boards) and multilayer boards with more than 18 layers … Read more