Zhi Tong Cai Jing·2026-02-10 06:49Group 1: Industry Insights - Nvidia (NVDA.US) is expected to use M9 materials in its next-generation Rubin series products, leading to increased demand for PCB drilling needles due to higher processing difficulty and requirements [1] - The global PCB drilling needle market is dominated by the top five companies, with a combined market share of 75.2% as of the first half of 2025, where DingTai High-Tech ranks first with a market share of 28.9% [2] - The demand for high-performance drilling needles is expected to rise significantly due to the increased complexity of manufacturing processes, resulting in higher prices and volumes for drilling needle manufacturers [1][2] Group 2: Company Developments - Minexplosion Optoelectronics (301362.SZ) plans to acquire 100% of Xiamen Maida's stake in Xiamen Precision, which specializes in the production of PCB, FPC, and AI PCB tungsten micro-drills [1] - DingTai High-Tech (301377.SZ) is set to benefit from the current shortage of drilling needles, leveraging its scale and self-manufacturing capabilities to meet the surging demand [2] - Wald (688028.SH) has made progress in internal verification of PCD drilling needles, focusing on applications in PCB and semiconductor materials, with significant advancements in diamond heat dissipation technology [3] Group 3: Production Capacity and Expansion - Xiamen Precision has a monthly production capacity of approximately 15 million units and plans to expand its capacity to over 50 million units in the next 2-3 years [3] - Zhongtung High-Tech (000657.SZ) is focusing on high-end products, with over 50% of its sales coming from premium offerings, and is set to increase its annual production capacity to 140 million units by early 2026 [2] - DingTai High-Tech is also expanding its production capabilities with significant technical upgrades planned for AI PCB-related tools, enhancing its supply capacity for the global AI industry [2]