China's Avary Jumps on Plan to Invest USD1.5 Billion Boosting High-End PCB Capacity Amid Growing AI Demand
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Avary Holding, the world's largest printed circuit board supplier, plans to invest CNY11 billion (USD1.5 billion) to expand high-end PCB production in Huai'an, China, in response to rising demand from the AI sector. Following the announcement, Avary's shares rose 6.6% to CNY54.90. This expansion, approved by the board, aims to enhance production for AI, smart vehicles, and optical communications. This marks Avary's third major investment in six months, following previous investments in Huai'an and Thailand. Avary has maintained its position as a global PCB market leader for eight years.
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