AI boom sparks Kingboard subsidiary’s US$1.5 billion stake sale to ramp up PCB capacity
Kingboard Holdings is selling a US$1.5 billion stake in its subsidiary, Kingboard Laminates, to increase production capacity for printed circuit boards (PCBs). This move is driven by the significant demand for AI infrastructure from major tech companies like Alphabet, Amazon, Meta, and Microsoft. The funds raised will be used to expand business and production capabilities to meet the surging demand for AI-related hardware. AI
IMPACT This funding will help alleviate supply chain constraints for critical AI hardware components, potentially accelerating AI infrastructure build-outs.