We recently published 10 Stock Winners Shocking Wall Street. TTM Technologies Inc. (NASDAQ:TTMI) was one of the top performers last week. TTM Technologies jumped by 36.7 percent week-on-week, touching a new all-time high, as investors took heart from an investment firm’s 24 percent price target upgrade for its stock. In its recent coverage, Truist Financial upgraded TTM Technologies Inc.’s (NASDAQ:TTMI) stock to $113 from $91 previously, while reaffirming its “buy” recommendation. Syracuse site. Photo ...

本报讯 1月15日，位于平昌县的西南地区PCB（印制电路板）智能旗舰工厂智能化车间内，首批 精密电路板完成最终质检，准备发往国外市场。该工厂由四川英创力电子科技股份有限公司投资 15亿元建设，投产后填补了川东北高端PCB制造的空白。 平昌县招商局副局长陈嘉伟介绍，未来当地将以该项目为龙头，吸引10余家上下游配套企业入 驻，带动1000余人就业，并协同巴中电子信息企业共同打造500亿级电子信息产业集群。 该工厂拥有世界领先的全套电路板生产、测试设备和HDI制造技术，实现全生命周期系统化管 理，"5G+工业互联网"全覆盖，使所有设备能够传感联动、自动化运行，生产的高端印制电路板 广泛应用于通信、工业控制、AI计算机、新能源汽车等领域。 ...

Core Viewpoint - The article highlights the rapid development of industrial parks in the Wudang District of Guizhou Province, focusing on the health and medical industry, food production, and the integration of industrial and tourism sectors to drive economic growth. Group 1: Industrial Development - The Wudang District has implemented a new development strategy centered on industrial parks, achieving a 93.4% contribution of industrial output value from these parks during the 14th Five-Year Plan period [7] - The Guizhou Li Shizhen Miao Medicine Co., Ltd. has established a health food production base in the National Medicine Western Medical Industry Park, with an expected annual output value exceeding 500 million yuan [8] - The district aims to gather over 40 health and medical enterprises by 2025, with the health and medical output value projected to reach approximately 25% and 42.3% of the provincial and municipal totals, respectively [9] Group 2: Food Industry and Tourism Integration - The Huicheng Food Baking Factory in the Huoshipo Specialty Food Industrial Park has adopted an "industrial + tourism" model, attracting families for interactive baking experiences [10] - The Huicheng Specialty Food Ecological Park's second phase, with an investment of nearly 800 million yuan, is set to open in July 2024, offering food production, leisure, and educational activities [11] - The Huoshipo Specialty Food Industrial Park has attracted over 40 food enterprises, with an expected industrial output value of 560 million yuan by 2025 [11] Group 3: Industrial Space Optimization - The Wudang District has developed a clear industrial spatial layout, focusing on the New Tian Electronic Information Industrial Park and the Health Medicine Industrial Belt [13] - The district has established several specialized parks, including the Dongfeng Pharmaceutical Industrial Park and the Huoshipo Specialty Food Industrial Park, to attract over 1,000 enterprises [13] - The economic output of the Wudang District is projected to increase from 17.251 billion yuan to 25.108 billion yuan by 2024, with industrial contributions to economic growth remaining above 35% [14]

"去年以来，富士康持续加大在河南的投资力度。鸿创成立、产线扩建，龙头企业富士康的两大动作， 有力增强了实体经济发展的信心。"郑州航空港区招商工作部副部长何亮说，这些项目将为我省电子信 息产业发展注入动能，进一步巩固和提升河南作为全球智能终端制造重要基地的地位。 据了解，河南鸿创科技有限公司由富士康集团旗下子公司——鸿富锦精密电子（郑州）有限公司，与郑 州航空港区管委会下属公司——郑州航空港创投集团有限公司，共同出资组建，注册资金20亿元。作为 富士康在郑州的首家与国企合资公司，鸿创科技背负区域产业升级厚望，将专注于高端电子产品的精密 生产与制造，预计今年第二季度正式投产。 本报讯（记者 杨凌 河南日报社全媒体记者 高利国）1月16日，记者从郑州航空港经济综合实验区管委 会获悉，富士康在郑州的首家与国企合资公司——河南鸿创科技有限公司日前已在郑州航空港注册成 立。与此同时，富士康郑州综保园区一侧，富士康手机扩产项目也正在紧锣密鼓施工中。 数据显示，2025年，郑州综保园区进出口总值同比增长15.84%；其中出口2634.18亿元，同比增长 17.82%，有力支撑了河南省进出口的增长。 "富士康重仓河南，多元化加 ...

东吴证券研报指出，大族数控业绩超预期，AI PCB扩产加速带动业绩持续高增。公司全年业绩高增， 维持前三季度的高增速，25全年业绩超我们预期，主要系①AI算力需求爆发，以胜宏科技、沪电股份 为代表的头部PCB厂商积极扩充高阶HDI、高多层PCB产能，拉动机械钻、CCD背钻机、激光钻等PCB 设备需求，公司作为钻孔设备龙头充分受益；②2025年12月1日公司发布公告变更会计估计，根据客户 结构调整了预期信用损失率，公司预计增加25Q4约5318万元净利润。顺应AIPCB扩产设备需求高端 化，传统优势钻孔设备进展顺利；紧跟技术迭代，超快激光有望随M9Q布/1.6T光模块兑现产业化。考 虑到AIPCB扩产加速，设备采购需求提升，上调公司2025-2027年归母净利润为8.4（原值7.0）/15.4（原 值11.4）/25.0（原值17.3）亿元，当前股价对应动态PE分别为61/33/21倍，维持"买入"评级。 ...

Summary of China-Japan Trade Tensions Conference Call Industry Overview - The conference call focuses on the trade relationship between China and Japan, highlighting the economic implications of ongoing tensions between the two countries. Key Points and Arguments Trade Relationship Dynamics - 17% of Japanese exports are directed to China, while only 4% of China's exports go to Japan [2] - Japanese firms are more exposed to China, with 4.8% of their revenues coming from China compared to 0.6% for Chinese firms from Japan [2] - Despite a trade deficit with Japan, China's reliance on Japan for inputs has decreased over the years [2] Base Case Scenario - The base case anticipates limited escalation of tensions, as China is likely to calibrate trade measures to avoid significant supply chain disruptions, which would also impact its own economy [3] - Both economies are currently weak, with growth primarily driven by exports rather than domestic demand [3] Potential Escalation Scenarios - If tensions escalate, China could: 1. Expand the dual-use export-control list to include more rare earths [4] 2. Initiate anti-dumping measures against Japanese imports [4] 3. Discourage purchases of Japanese consumer goods [4] 4. Implement a temporary ban on rare earths for civilian use [4] - Such actions could lead to downside risks for Japan's growth, particularly affecting sectors like autos, electronics, and chemicals [5] Equity Market Implications - The current market backdrop is viewed as a moderate net negative for both China and Japan, but not significant enough to alter overall investment strategies [6] - Japan maintains a small overweight position (FX unhedged) while China is underweight, with Japanese defense stocks performing well [6] Macroeconomic Considerations - The Bank of Japan (BoJ) may adopt a cautious stance in response to heightened uncertainty, monitoring trade and production data closely [16] - Fiscal support for supply-chain resilience is expected to increase, focusing on diversification and strategic inventories [16] Medium-Term Implications - Japan is actively diversifying its supply sources for rare earths, including agreements with Australian and French companies to reduce dependence on China [17] - The Japanese government has established a policy to ensure stable supply of critical minerals, designating 35 resources as critical commodities [66] Market and Currency Implications - If China expands export controls, it could lead to a deterioration in risk sentiment, affecting near-term BoJ rate hike expectations and potentially causing JPY depreciation [20][21] - The current measures have already led to a significant drop in Chinese tourist arrivals in Japan and reduced flight capacity [25] Supply Chain Vulnerabilities - Japan's exposure to China's export control list is manageable, with only a limited number of products affected [23] - Key products where Japan relies on China include tungsten, magnesium, and hydrofluoric acid [23] Counter-Measures from Japan - Japan is currently not considering direct counter-measures like tariffs due to the high economic costs involved, focusing instead on structural responses [14] - Japan's Ministry of Foreign Affairs has protested against China's measures but has not indicated plans for punitive actions [50] Conclusion - The ongoing trade tensions between China and Japan present both risks and opportunities, with significant implications for various sectors and the broader economic landscape. Monitoring developments in trade policies and supply chain dynamics will be crucial for investors and policymakers alike.

Core Viewpoint - Bel Fuse Inc. has appointed Tom Smelker as President of Connectivity Solutions, effective January 26, 2026, to drive growth and innovation in the aerospace and defense sectors [1][4]. Group 1: Appointment and Background - Tom Smelker brings over two decades of experience in the aerospace and defense sectors, previously serving as Senior Vice President and General Manager at Mercury Systems, managing a $400+ million P&L across ten sites [2]. - At Mercury Systems, he achieved a significant turnaround in profitability and repositioned key product lines into top-performing units [2]. - Prior to Mercury Systems, Smelker spent 19 years at Raytheon, where he advanced to Senior Fellow in Secure Processing and launched a secure systems business [2][3]. Group 2: Expertise and Strategic Fit - Smelker's expertise includes ruggedized computing, RF systems, secure microelectronics, and space technologies, aligning closely with Bel's strategic priorities [3]. - His leadership experience in P&L management and global operational oversight positions him well to lead Bel's Connectivity Solutions business unit [3]. Group 3: Leadership Comments - Farouq Tuweiq, CEO of Bel, expressed enthusiasm about Smelker's appointment, highlighting his leadership skills and industry knowledge as crucial for the company's growth [4]. - Smelker noted the opportunity to contribute to Bel's commitment to innovation and its strong position in the aerospace and defense markets [4]. Group 4: Company Overview - Bel Fuse Inc. designs, manufactures, and markets products that power, protect, and connect electronic circuits, serving various industries including defense, commercial aerospace, telecommunications, and automotive [5]. - The company's product groups include Power Solutions, Connectivity Solutions, and Magnetic Solutions, with operations in facilities worldwide [5].

WEST ORANGE, N.J., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) (“Bel” or “the Company”), a leading global manufacturer of products that power, protect and connect electronic circuits, today announced the anticipated retirement of Pete Bittner, President of Connectivity Solutions, effective April 3, 2026 after more than three decades of dedicated service. Pete Bittner joined Bel in 1990 and has been instrumental in driving the growth and success of the Connectivity Solutions bus ...

Ac t i o n | 14 Jan 2026 08:04:03 ET │ 17 pages Kingboard Laminates Holdings (1888.HK) Open 30D CW on Upcoming Likely Strong 2H25 Results CITI'S TAKE We open a 30-day positive CW on KBL. 1) The company should pull forward its results date to mid-Mar vs end-Mar historically. We expect it will release a profit alert in Jan/Feb. 2) We forecast 2H25 earnings to double to HK$1.209bn yoy and core earnings should rise 58% to HK$1.155bn. This should accelerate against 28%/10% respectively during 1H25. 3) Mgmt shoul ...

Core Viewpoint - The convergence of self-controllability and AI is expected to drive significant performance in related sectors in 2025, with this trend likely to strengthen further in 2026, making "self-controllability and AI computing power" a dominant theme in the electronics industry throughout the year [2][23]. Investment Theme 1: Focus on Domestic Computing Power and Semiconductor Equipment - Domestic computing power is anticipated to transition from point breakthroughs to systematic reconstruction by 2026, driven by increased overseas restrictions and urgent domestic demand, with market share for local manufacturers expected to rise from 30-40% currently to 60-70% by 2030 [4][25]. - The total addressable market (TAM) for domestic computing power is projected to grow from over $13 billion in 2025 to over $180 billion by 2030 [4][25]. - The semiconductor equipment sector is expected to benefit from a dual drive of wafer fab expansion and accelerated localization, with domestic equipment procurement rates estimated to rise from 18% in 2022 to 40% by 2026 [6][27]. Investment Theme 2: High Growth Certainty in AI PCB and Storage Sectors - The PCB sector is viewed as a critical upgrade point for AI chips, with strong demand for computing power expected to drive significant growth in 2026-2027 [9][30]. - AI storage is entering a super cycle driven by AI demand, with mainstream storage prices expected to rise significantly, maintaining a seller's market through at least the end of 2026 [11][32]. Investment Theme 3: Consumer Electronics Reversal and Edge AI Opportunities - The consumer electronics sector is expected to experience a reversal influenced by storage price increases and shortages, with potential stock price turning points anticipated in Q2 2026 [16][37]. - Innovations in AI smartphones, AI/AR glasses, and other AIoT applications are highlighted as key areas of focus [16][37].