Avary Holding(SZ:002938) 招商电子·2025-08-20 12:14Core Viewpoint - The company plans to invest 8 billion yuan in the Huai'an Industrial Park to expand its production capacity for AI-PCB solutions, which is expected to enhance its competitiveness in the rapidly growing AI application market [1]. Group 1: Investment and Expansion Plans - The 8 billion yuan investment in Huai'an exceeds market expectations and is aimed at expanding production capacity for high-end HDI and HLC products, primarily focusing on high-end HDI [1]. - The investment reflects the company's optimistic outlook on the AI-PCB industry's growth and the increasing demand from downstream AI computing clients [1]. - The company has a long-term capacity planning strategy for AI-PCB in Huai'an, which aligns with its previous investment plans of over 30 billion New Taiwan dollars (approximately 6.5 billion yuan) for 2025-2026, with 50% allocated for AI-PCB expansion [1]. Group 2: Market Trends and Future Outlook - The company anticipates a three-year upward cycle driven by hardware innovation and the resonance of AI cloud-edge integration, with 2025-2027 expected to be significant years for innovation in AI-related products [2]. - The company is actively expanding its production capacity for high-end HDI and SLP products, leveraging its experience in the AI computing field to attract GPU/ASIC terminal clients [2]. - The ongoing AI technology revolution is expected to create substantial market opportunities for the PCB industry, prompting the company to accelerate customer development and capacity expansion in the AI sector [1][2].