KB LAMINATES (01888) surged nearly 5% again, rising 4.77% to HKD 11.86 by the time of writing, with a turnover of HKD 102 million.

Market sources indicate that AI-driven demand for high-end PCBs has surged, creating structural opportunities for copper-clad laminates (CCL), a key material for PCBs. Some high-end CCL products are in tight supply, driving price increases. KB LAMINATES and other manufacturers have raised prices multiple times this year, citing cost pressures and strong demand as key drivers.

Representatives from Nan Ya Plastics and Huazheng New Material confirmed that their production capacity utilization remains high, with price adjustments implemented in October.

Industrial research suggests that AI-driven CCL is becoming a growth engine for the sector. Estimates show the AI CCL market will reach USD 2.2 billion in 2025, a 100% year-on-year increase. By 2026, driven by ASIC volume expansion and NVIDIA's new M9-grade CCL upgrades, the market is projected to grow to USD 3.4 billion, up 60% YoY. By 2028, it could reach USD 5.8 billion, with a 52% CAGR from 2024 to 2028.