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Lingchao Electronics Rides PCB Recovery with Multi-Layer Focus
2026,04,18
Zhejiang Lingchao Electronic Technology is realigning its product mix to capture the PCB industry's rebound.
Market Context: Global PCB output fell 15% to $69.5B in 2023 amid destocking, but AI demand is fueling 5% growth in 2024. China maintains 50%+ global share at $37.8B. Long-term trajectory points to $90.4B by 2028.
Server market recovery—2.05% growth projected for 2024 after 2023's 6% decline—is driving high-layer board demand. Aspeed revenue trends and Inventec guidance confirm the upturn.
Lingchao's strategy: leverage full-range capability while concentrating R&D investment on high-layer multi-layer boards for premium segments.
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