Printed Circuit Board Emerges as Key Growth Driver in AI Hardware Stack -- Market Talk

Dow Jones06-10

0941 GMT - Artificial-intelligence printed circuit boards are emerging as a key growth driver in the AI hardware stack, Daiwa analysts say in a research note. Driven by both volume expansion and higher average prices, the AI PCB total addressable market could reach $96 billion by 2030, they say. PCB manufacturers have entered "a capex supercycle," as China's top six PCB manufacturers have sped up their capex commitment from 2024 to 2026, led by Victory Giant Technology and WUS Printed Circuits, the analysts note. China accounts for about 54% of the global PCB market and Victory Giant alone had 14% of the global AI PCB market in 1H 2025, they say. Meanwhile, PCB manufacturers' accelerating capex will likely drive demand for drilling and exposure equipment, they add. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

June 10, 2026 05:41 ET (09:41 GMT)

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(sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 10, 2026 05:41 ET (09:41 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Printed Circuit Board Emerges as Key Growth Driver in AI Hardware Stack -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPrinted Circuit Board Emerges as Key Growth Driver in AI Hardware Stack -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-10 17:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0941 GMT - Artificial-intelligence printed circuit boards are emerging as a key growth driver in the AI hardware stack, Daiwa analysts say in a research note. Driven by both volume expansion and higher average prices, the AI PCB total addressable market could reach $96 billion by 2030, they say. PCB manufacturers have entered \"a capex supercycle,\" as China's top six PCB manufacturers have sped up their capex commitment from 2024 to 2026, led by <a href=\"https://laohu8.com/S/300476\">Victory Giant</a> Technology and WUS Printed Circuits, the analysts note. China accounts for about 54% of the global PCB market and Victory Giant alone had 14% of the global AI PCB market in 1H 2025, they say. Meanwhile, PCB manufacturers' accelerating capex will likely drive demand for drilling and exposure equipment, they add. 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Driven by both volume expansion and higher average prices, the AI PCB total addressable market could reach $96 billion by 2030, they say. PCB manufacturers have entered \"a capex supercycle,\" as China's top six PCB manufacturers have sped up their capex commitment from 2024 to 2026, led by Victory Giant Technology and WUS Printed Circuits, the analysts note. China accounts for about 54% of the global PCB market and Victory Giant alone had 14% of the global AI PCB market in 1H 2025, they say. Meanwhile, PCB manufacturers' accelerating capex will likely drive demand for drilling and exposure equipment, they add. 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