Tianfeng Securities: Development of AI servers helps promote the high-end domestic substitution of copper foil, focusing on copper ring copper foil, etc.

The research report released by Tianfeng Securities stated that they are optimistic about the development of the AI industry chain and its promotion of upstream copper foil. This area has great potential in terms of both structure and profitability. With the rapid development of demand, domestic substitution is expected to accelerate. Domestic copper foil manufacturers are expected to share the industry cake. It is recommended to pay attention to Tongguan Copper Foil and Defu Technology.