HK Stock Market Move | Jiantao rose in early trading, Japan's Kosei Nokko significantly raised the price of CCL products, and the PCB industry will face a super catalyst.

Jian Tao rose in early trading, as of press time, KB LAMINATES (01888) rose by 4.72% to HK$24.68; KINGBOARD HLDG (00148) rose by 2.37% to HK$41.3. On the news front, according to the Shanghai Securities News citing the latest industry news, Japanese semiconductor materials giant Resonac has raised the prices of CCL (copper foil substrate) and adhesive films by 30% starting from March 1st. The industry expects that Resonac's price increase will be passed on to high-end manufacturing processes such as MLCCs, HDI boards, IC carriers, and high-frequency high-speed PCBs. In addition, PCB is about to welcome a super catalyst - NVIDIA LPU inference chip. Wanlian Securities stated that the accelerated development of computing power is driving the upgrade of AI PCB technology, increasing the demand for high-end PCBs such as high-layer boards and HDI. China's PCB industry output leads the world, with mainstream PCB manufacturers in the country accelerating capital expenditure and actively expanding capacity for high-end PCBs such as HDI and high-layer boards. In the upstream materials, copper-clad laminate is expected to benefit from the expansion of PCB production demand. Due to the rising raw material prices and strong demand, CCL products have continued to rise in price recently, which is expected to boost enterprise profitability.