南亚新材-要点：AI 用覆铜板（CCL）市场崛起，高端产能扩张

Read across to Shennan Circuits: Management's positive view on the rising AI demand echoes our positive view on Shennan Circuits. Despite rising pricing pressure from CCL on higher raw material cost, we see AI products are less price sensitive compared to other end applications. Shennan Circuits is expanding to AI PCB and started the mass production of PCB for AI accelerators, 800G optical transceivers, and switches, with the ongoing global capacity to support the shipments ramp up. Read more: Shennan Circu ...