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The global output value of Taiwanese circuit board enterprises demonstrated steady growth in the third quarter of 2024, reaching NT$227.1 billion, a year-over-year increase of 9.6%. This growth was primarily driven by the peak season effect, the mild recovery of mainstream terminal products, and the increasing demand for high-performance circuit boards in AI infrastructure and low-orbit satellite applications.
While the fourth quarter may face challenges due to slower-than-expected smartphone sales and global economic uncertainties, the overall output value for 2024 is still projected to reach NT$808.3 billion, a 5% year-over-year increase. The rising demand for AI edge devices and the alleviation of inflationary pressures are expected to drive further growth in the PCB industry in 2025.
In terms of product segments, multilayer boards, flexible boards, HDI boards, and IC substrates continue to be key drivers. The demand for high-performance circuit boards, particularly for AI and 5G applications, is expected to remain strong.
