StatementDog | AI & Tech Supply Chains(@statementdog):Zhen Ding (4958 TT), a Taiwanese PCB and chip-substrate maker, has sold out its ABF substrate capacity for 2027 and 2028, according to Citi. Management believes its AI-infrastructure businesses could make up 30% of revenue in 2027 and 45%–50% in 2028, Citi says. The company had previously targeted 45%–50% by 2030. Those businesses—PCBs for servers and optical modules, along with chip substrates—accounted for 23% of revenue in the first eight months of 2026. Citi says their gross margins exceed 30%, compared with 20%

StatementDog | AI & Tech Supply Chains@statementdog

2026.10.08 16:01

Zhen Ding (4958 TT), a Taiwanese PCB and chip-substrate maker, has sold out its ABF substrate capacity for 2027 and 2028, according to Citi. Management believes its AI-infrastructure businesses could make up 30% of revenue in 2027 and 45%–50% in 2028, Citi says. The company had previously targeted 45%–50% by 2030. Those businesses—PCBs for servers and optical modules, along with chip substrates—accounted for 23% of revenue in the first eight months of 2026. Citi says their gross margins exceed 30%, compared with 20%–25% for consumer-electronics products.