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Shares of Avary Holding increased following the announcement that the world’s leading printed circuit board supplier over the past eight years plans to invest approximately 8 billion Chinese yuan (around $1.1 billion) to establish a new high-end manufacturing facility. This expansion aims to meet rising demand from emerging sectors such as artificial intelligence servers and humanoid robots.
The company finished the trading day up by 3.9%, closing at 53.29 yuan (approximately $7.42) per share, while the overall market in Shenzhen saw a gain of 0.9%.
The new facility will be situated within Avary’s industrial park in Huai’an, Jiangsu Province, and will feature production lines dedicated to various premium PCB products. The project also aims to boost the company’s capabilities in producing flexible printed circuits. The facility will serve clients in AI servers, optical communications, android robotics, and autonomous driving technologies.
Construction is expected to start in the latter half of this year, with the factory anticipated to commence operations by June 2028. Further details about the project were not disclosed.
The company views this investment as a strategic move to capitalize on the vast opportunities driven by the AI technology revolution within the PCB industry. The project is expected to accelerate growth in its AI-focused product line, strengthen technological innovation, expand mass production capabilities for AI computing clients, enhance product performance and technological features, and improve overall operational efficiency and competitiveness.
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