TTM adds 400 million dollars to its Asian capacity plans
TTM Technologies plans an additional 400 million dollar investment in existing manufacturing sites in China and Malaysia. The circuit board maker aims to expand production for AI infrastructure, data centres and networking equipment. Using existing buildings and new equipment is intended to bring capacity online faster, on top of its earlier investment programme.
Economics & Markets··Morning
Existing Asian sites will receive more equipment
TTM Technologies, a manufacturer of printed circuit boards and electronic components, announced a 400 million dollar capacity expansion plan on October 12. The investment covers existing facilities in China and the company’s plant in Penang, Malaysia. It will expand production for AI infrastructure, data centres and networking equipment, with advanced circuit boards and interconnect technologies at the centre of the programme.[1], [2]
The programme includes four facilities in China. TTM plans to install advanced equipment within existing buildings and use the infrastructure already in place. The additional capacity has yet to be completed: the announcement concerns planned capital spending across operating manufacturing locations.[1]
The plan adds to a five-year investment programme
TTM says the 400 million dollars is additional to its previously announced 1.2 billion dollar investment commitment for 2025–2029. The new announcement therefore increases the proposed spending attached to its capacity plans. Management expects existing space and manufacturing resources to shorten the time needed to install equipment and bring production into operation.[1], [2]
Chief operating officer Jim Walsh described the use of existing facilities as the route to expansion. TTM’s programme focuses on advanced N+M asymmetric interconnection technology, the approach used in its multilayer circuit-board manufacturing. These boards connect electronic components in the hardware supplied to the targeted infrastructure customers.[1]
Customer discussions shape the demand case
Chief executive Edwin Roks pointed to discussions with longstanding customers when explaining the investment. He said the growth of AI was placing demands on the hardware supply chain. Roks described TTM as a supplier of interconnect and integration solutions for high-performance computing hardware. TTM’s stated demand case concerns customers building computing and networking infrastructure. The company has not given a firm order value for all the discussions cited in its announcement.[1], [2]
TTM plans to provide further investment details with its third-quarter financial results; the results date is to be announced separately. Its existing product range also includes radio-frequency components, microwave products and microelectronic solutions. At the intraday trading point recorded by RTTNews, TTM shares were down 5.80 per cent at 113.99 dollars on Nasdaq. This was an intraday price observation.[1], [2]
