TTM Pours $400M Into AI PCB Capacity in China and Malaysia
TTMI has more than doubled off its 52-week low of $53.356.
Summary
TTM Technologies is committing $400 million to expand advanced PCB capacity across four facilities in China and its Penang, Malaysia plant, targeting AI data center, hyperscaler, and networking demand. This is incremental to the $1.2 billion investment plan already disclosed for 2025-2029, signaling stronger-than-expected customer pull. The company is using a brownfield 'Rapid-Ramp' approach to bring capacity online faster than greenfield builds, directly addressing supply bottlenecks in the AI hardware chain. The move follows a record Q2 with 37% revenue growth and the completed $1.1B Epiq Solutions acquisition, reinforcing TTM's position as a critical interconnect supplier for AI infrastructure. Management will provide more detail on the Q3 earnings call, date to be announced.
At the time of this announcement, TTMI was trading at $120.55 on NASDAQ in the Technology sector, with a market capitalization of approximately $12.7B. The 52-week trading range was $53.36 to $223.83. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.