DSBJ(SZ:002384) Sou Hu Cai Jing·2025-07-26 15:30Core Insights - Dongshan Precision announced a significant investment of up to $1 billion through its wholly-owned subsidiary, Chaoyi Group (Hong Kong) Limited, to establish a high-end printed circuit board (PCB) project aimed at meeting the long-term demand for high-end PCB products in emerging fields such as high-speed computing servers and artificial intelligence [1][3] Investment Scale and Market Demand - The investment is categorized as large within the PCB industry and is relatively rare among specialized PCB manufacturers, focusing on high-density interconnect and high-speed signal transmission products [3] - The demand for high-end PCBs is significantly increasing due to the explosive growth in AI computing power and accelerated server performance iterations, necessitating complex circuit designs and efficient signal transmission capabilities [3][4] Capacity Expansion and Market Response - Dongshan Precision's Multek division, a leading manufacturer in the PCB field, is expanding capacity to address the surging market demand, as existing capacity is insufficient for future customer needs [4] - The performance requirements for PCBs in AI servers and edge computing devices are rising, with traditional server PCBs typically having 14-24 layers, while AI servers require 20-30 layers, leading to a PCB value that is 5-7 times higher than traditional servers [4] Technological Upgrades and Product Optimization - The new project will drive a comprehensive upgrade of Dongshan Precision's product structure, allowing the company to focus on high-end PCB products and advanced technologies such as high-density interconnect and rigid-flex combinations [5] - By concentrating on high-end PCBs, the company aims to escape the homogenization of ordinary PCB products and enhance gross margins through technological premiums, thereby solidifying its leading position in the PCB sector [5]