On June 23, TTM Technologies fell 7.57% in regular trading, trading at $210.05/share, with turnover of approximately $90.56 million. The stock declined sharply despite the company announcing the opening of a new 215,000-square-foot Ultra-High-Density Interconnect PCB manufacturing facility in Syracuse, New York, along with a $130 million investment package including $30 million from the US Department of War.

The new facility, among the first in the US purpose-built for Ultra-HDI PCB production targeting aerospace and defense markets, is expected to create up to 400 engineering and manufacturing jobs. However, the positive company-specific developments were overshadowed by broad weakness across the Electronic Manufacturing Services sector. Among sector peers, Celestica fell 6.79%, Fabrinet declined 4.86%, Flex Ltd dropped 4.66%, Jabil Circuit lost 3.65%, and TE Connectivity slid 2.40%.

Notably, TTM Technologies had rallied 5.64% on June 18 following its announcement of all-cash acquisitions of Swiss Technology Group and German PCB manufacturer ILFA GmbH, with transactions expected to close in Q3. The current pullback may reflect broader sector rotation following the recent run-up.

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