Key Takeaways: PCB Supply Chain

> Golden Week factory closures were cut to 1–3 days (vs. 5–6 days previously), with AI-tied production lines skipping holidays entirely to run at full capacity.

> Capacity is fully booked through year-end, with mid-to-late October orders pushing production schedules out to January.

> Non-AI PCB average selling prices (ASPs) surged ~10%+ MoM in October, led by automotive boards, driving net margins higher.

> HC glass-cloth-free CCL solutions remain in early NVIDIA testing, while CSP supply chain focus shifts to 3.2T optical transceiver boards targeted for 2028 mass production using M9-grade CCL.