Dongwu Securities: It is suggested to pay attention to leading companies that have established supporting testing services for the localization of AI chips and the expansion of high-end PCB production.

Dongwu Securities research report stated that PCB is a core component of electronic devices, widely used in the fields of AI computing power, consumer electronics, new energy vehicles, etc. The expansion of global AI computing power infrastructure and the increasing penetration rate of edge AI will drive the growth of high-end PCB demand. The market demand for high-density and high-layer PCBs is significantly increasing, and the requirements for PCB materials, structures, etc. are also significantly increasing. In this context, third-party testing service companies will benefit widely from industry technological iteration and demand growth, and leading companies with first-mover advantage will continue to strengthen their position.