国产替代加速，高端铜箔重构AI产业链“神经网络”

Core Viewpoint - The article highlights the strategic shift of Nord Co., Ltd. towards high-precision electronic circuit copper foil in response to the growing demands of the AI industry, positioning itself as a key player in the AI infrastructure market [5][6][23]. Group 1: Company Overview - Nord Co., Ltd. has over 30 years of technical accumulation in the copper foil sector, initially gaining prominence in lithium battery copper foil [4]. - The company is transitioning from traditional industrial copper foil to high-precision electronic circuit copper foil to meet the surging demand from the AI industry [4][6]. Group 2: Market Dynamics - The AI industry's explosion is driving significant upgrades in PCB and packaging technologies, which in turn is pushing the demand for upstream copper foil materials [7]. - The global PCB market is projected to grow by 12.8% to reach $82.987 billion by 2025, with AI servers, high-speed networks, and satellite communications as key growth drivers [7]. Group 3: Product Development - Nord has launched a comprehensive range of electronic copper foil products tailored for AI applications, including NE-RTF and NE-HVLP series, which are designed to meet the high-frequency, low-latency requirements of AI servers and advanced packaging [9][10]. - The NE-HVLP3 product has achieved mass production, while NE-HVLP4 is in the customer validation phase, aiming to further reduce surface roughness and signal transmission loss [10][11]. Group 4: Technological Advancements - The company employs advanced techniques such as low-profile grain control and nano-copper growth to enhance the performance of copper foil under high-temperature and high-frequency conditions [16][17]. - Nord's products have passed rigorous testing, demonstrating excellent heat resistance and signal integrity, which are critical for low insertion loss and high reliability [17]. Group 5: Strategic Collaborations - To enhance its technological capabilities and ecosystem, Nord has signed strategic cooperation agreements with various companies to strengthen collaboration from R&D to mass production [19][22]. - The company is focused on achieving domestic substitution in high-end electronic copper foil, aiming to match international performance standards [6][23].