According to the Prismark research report, it is expected that in 2017 China’s PCB output value will account for 52.3% of the global output value (2016: 50%), and the domestic transfer of production capacity will be established. Compared to overseas and Taiwanese companies, domestic PCB manufacturers have a competitive advantage in terms of labor costs, control capabilities, and equipment automation. At the same time, industry concentration will gradually increase as environmental monitoring tightens.
According to Prismark data, the compound growth rate of China’s PCB industry from 2017 to 2022 is 4.2%, which is faster than the global growth rate of 2.8%.
As an important part of the integrated circuit industry chain, package substrates are an important part of the country’s strategy for vigorously developing the IC industry.
We believe that compared to 4G domestic Huawei ZTE and other enterprises in the 5G development process in the leading position, at the same time, the demand for PCBs in the 5G era will increase significantly, Shennan Circuit is expected to carry large customers to benefit from the 5G upgrade trend .