China's Avary to Boost High-End PCB Capacity at Thai Plant for USD609.5 Million

(Yicai) Dec. 16 -- Avary Holding, the world's biggest supplier of printed circuit boards, said it will invest CNY4.3 billion (USD609.5 million) to expand its high-end products output at its factory in Thailand to better meet the rapidly growing demand in the artificial intelligence era and improve its global production capacity layout.Avary will build a series of high-end PCB production lines in the SAHA Industrial Park in Prachin Buri, the Shenzhen-based company announced late yesterday. Construction is expected to last for the whole of next year, it added.The aim is to provide comprehensive solutions across multiple sectors, including servers, end-side AI products, and low-orbit satellites, catering to the rapidly growing AI application market, Avary said, adding that the project will enhance the production capacity of high-density interconnect, high-layer-count, and other high-end PCBs.The project will help Avary grasp the huge market growth prospects brought by the AI revolution to the PCB industry, expand the layout of its AI product lines, enhance the mass production of related products, improve the application layout of its products in all links of the "cloud-pipe-terminal" supply chain, and better meet the needs of overseas customers, according to the company.Avary saw 80 percent of its revenue come from US customers in the first half of this year, according to its latest financial report. About 63 percent of its PCB income was from communication equipment clients, 32 percent from consumer electronics and computer clients, and the rest from auto and server clients.In August, Avary said it will invest CNY8 billion to hike its high-end PCB capacity in Huai'an, China's Jiangsu province, to meet new demand from emerging industries, including AI servers and humanoid robots. The company has ranked first in the global PCB market for eight straight years.Avary [SHE: 002938] closed 1.6 percent higher at CNY48.64 (USD6.91) a share today, after earlier rising by as much as 3.1 percent. The broader Shenzhen market fell 1.5 percent.Editor: Martin Kadiev