Zheshang Securities released a research report saying that China's global share of PCBs increased from 54.2% to 57.5%; AI high-performance computing drives demand for high-end boards, and the global server PCB market CAGR is expected to be 11.2% in 2026-2030, far exceeding the PCB market by about 5.3%; the development of the AI industry is driving the evolution of PCBs to a high level of multi-layering, and PCB drills are expected to rise sharply in volume and price. The wave of computing power resonates with domestic alternatives. It is recommended to focus on the PCB drill and tool industry chain standards.

Zheshang Securities released a research report saying that China's global share of PCBs increased from 54.2% to 57.5%; AI high-performance computing drives demand for high-end boards, and the global server PCB market CAGR is expected to be 11.2% in 2026-2030, far exceeding the PCB market by about 5.3%; the development of the AI industry is driving the evolution of PCBs to a high level of multi-layering, and PCB drills are expected to rise sharply in volume and price. The wave of computing power resonates with domestic alternatives. It is recommended to focus on the PCB drill and tool industry chain standards.