Core Viewpoint - The article discusses the strategic acquisition of Circuit Foil Luxembourg by Defu Technology, highlighting its significance in enhancing Defu's position in the high-end IT copper foil market and its global expansion efforts. Group 1: Acquisition Details - Defu Technology signed a share purchase agreement to acquire 100% of Circuit Foil Luxembourg for approximately €1.74 billion (around ¥14.43 billion) after adjustments [2][3]. - The acquisition is expected to facilitate Defu's entry into the high-end IT copper foil sector, marking a critical milestone in its development [3]. Group 2: Market Context - The demand for high-end PCB copper foil is projected to grow at a CAGR of 10% from 2023 to 2030, with the market size expected to reach ¥36 billion by 2030 [4]. - The high-frequency very low profile (HVLP) copper foil is identified as a key material for PCB high-end applications, essential for maintaining signal integrity in high-speed environments [5]. Group 3: Competitive Landscape - Circuit Foil Luxembourg is recognized as a non-Japanese "invisible champion" in the high-end IT copper foil industry, with a strong technological advantage and a diverse product range [5][6]. - The company has established a significant customer base, including major global PCB manufacturers [6]. Group 4: Strategic Implications - The acquisition is seen as a win-win situation, providing Circuit Foil with Defu's resources for capacity expansion and market development, while Defu gains access to advanced technology and a mature customer network [7]. - Defu Technology is also focusing on high-end copper foil trends, with ongoing collaborations to develop ultra-thin copper foil for advanced packaging substrates [9]. Group 5: Global Expansion Plans - Defu Technology plans to establish a subsidiary in Luxembourg and aims to build production lines and service centers in Europe and Southeast Asia over the next three years [10]. - The company has initiated preparations for a factory in Thailand, supported by stable orders from leading companies in the photovoltaic and consumer battery sectors [10].