J.D.(@Jadzo1_):MS: Copper Foil Growth Engines → HVLP4 copper foil supply shortage: Morgan Stanley forecasts HVLP4 demand rising 218% YoY in 2027 to 3,270 tonnes/month, exceeding capacity by 31%. NVIDIA Rubin, AWS Trainium3/4 and Google TPU v8 are driving adoption, while 18–24-month qualification cycles constrain supply. HVLP4 processing fees command >7× conventional foil. → Chinese suppliers challenging Japanese dominance: Mitsui Kinzoku is projected to retain 32.4% of global HVLP4 capacity in 2027, followed by China's Defu at 19.6%. Defu has achieved ~62% HVLP4 yields and shipped 190 tonnes in September 2026, with a 50ktpa PCB foil expansion supporting further market-share gains.

J.D.@Jadzo1_

2026.10.21 07:52

MS: Copper Foil Growth Engines → HVLP4 copper foil supply shortage: Morgan Stanley forecasts HVLP4 demand rising 218% YoY in 2027 to 3,270 tonnes/month, exceeding capacity by 31%. NVIDIA Rubin, AWS Trainium3/4 and Google TPU v8 are driving adoption, while 18–24-month qualification cycles constrain supply. HVLP4 processing fees command >7× conventional foil. → Chinese suppliers challenging Japanese dominance: Mitsui Kinzoku is projected to retain 32.4% of global HVLP4 capacity in 2027, followed by China's Defu at 19.6%. Defu has achieved ~62% HVLP4 yields and shipped 190 tonnes in September 2026, with a 50ktpa PCB foil expansion supporting further market-share gains.