Group 1 - The core viewpoint of the article highlights the increasing overseas demand for computing power, which is driving both the price and volume of PCB (Printed Circuit Board) products, leading to rapid market expansion [1] - The AI PCB market is projected to reach a scale of $5.6 billion in 2025 and $10 billion in 2026, indicating significant growth potential in the coming years [1] - Despite domestic PCB manufacturers accelerating production expansion, the efficiency of high-end capacity release is expected to lag behind the growth rate of demand, resulting in a persistent supply-demand gap [1] Group 2 - The article suggests that new process iterations and upgrades are likely to create additional market demand, further contributing to the growth of the PCB industry [1]
中金：高端PCB需求跃迁，算力基座价值重构
Jin Rong Jie·2025-08-12 00:05