PCB Prices Soar Up to 40% in April Amid Middle East Conflict, Impacting Electronics Supply
TTMI has more than doubled off its 52-week low of $31.826.
Summary
Printed circuit board (PCB) prices surged by up to 40% in April, driven by supply chain disruptions stemming from the Middle East conflict impacting PPE resin. As a leading PCB manufacturer, TTM Technologies could see a significant impact on its revenue from these higher selling prices. The ongoing supply constraints from a major resin producer in Saudi Arabia suggest this pricing trend may persist, affecting the broader electronics supply chain.
At the time of this announcement, TTMI was trading at $170.13 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $17.4B. The 52-week trading range was $31.83 to $200.68. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Binance News.