On June 15, TTM Technologies rose 5.64% in pre-market trading, trading at $208.55/share, with turnover of $382,500.

On the news front, approximately 70% of the global high-end electronic-grade PPE (polyphenylene ether) resin supply has been disrupted, triggering a sharp increase in printed circuit board prices. TTM Technologies, as a leading global PCB manufacturer, directly benefits from product price-hike expectations.

The supply crisis stems from the shutdown of Saudi Arabia's Jubail Industrial Area, which previously supplied roughly 70% of the world's high-purity PPE resin used in manufacturing high-frequency, high-speed PCBs for AI servers and advanced communications equipment. The facility ceased production in late March due to Strait of Hormuz shipping disruptions caused by Middle East conflicts. According to Goldman Sachs, PCB prices surged as much as 40% in April alone compared to March. PPE resin has no viable short-term substitute due to its irreplaceable low dielectric loss properties critical for AI server applications, meaning the supply-demand imbalance could persist for months.

TTM Technologies is a global leader in technology solutions, with products spanning PCBs, RF components, and engineered systems, serving approximately 1,300 customers across aerospace and defense, data center computing, automotive, and medical end markets.

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