Eternal Precision, an equipment supplier to ABF substrate makers, now has delivery slots booked into 2031, according to Goldman Sachs. Some customers are even willing to pay a premium for earlier delivery.
Most of those offers are coming from Chinese substrate makers. Even so, the company continues to prioritize larger, long-standing customers and those that have already secured ABF film supply.
Eternal Precision plans to increase annual equipment capacity by 50% to 396 units by mid-2027.
For substrate makers, who gets new capacity online first may increasingly come down to access to both equipment and materials.