China (including Chinese Mainland and Taiwan, China region of China) is the country with the largest number of overseas PCB factories in the world, especially Taiwan, China enterprises, which are absolutely leading in the layout of overseas PCB production capacity. The following is a specific analysis:
1. Taiwan, China, China: the core force of global PCB overseas investment
Main enterprises:
Zhen Ding Tech: the world's largest PCB manufacturer, with factories in Chinese Mainland (Shenzhen, Qinhuangdao), Vietnam (Beining), and India (Tamil Nadu).
Unimicron: located in Chinese Mainland (Suzhou, Huangshi), Japan, and Germany (auto PCB).
Tripod: Chinese Mainland (Wuxi, Hubei), Vietnam (Hanoi), etc.
Compeq: Chinese Mainland (Huizhou, Chongqing), Thailand (new energy vehicle PCB key investment).
Investment area:
Chinese Mainland: In the past, it was the main place for Taiwanese PCB investors (accounting for more than 70% of Taiwan's overseas production capacity). In recent years, it has shifted to Southeast Asia due to rising costs.
Southeast Asia: Vietnam (Beining, Hanoi) and Thailand (Eastern Economic Corridor) have become new hotspots, driven by the China US trade war.
India: In the context of Apple's supply chain transfer, companies such as Zhending and Xinxing plan to build factories in India (accelerating after 2024).
Data support:
According to the statistics of Taiwan Circuit Board Association (TPCA), Taiwanese businessmen account for about 35% of the global PCB output value, with Chinese Mainland accounting for 60% of overseas production capacity and Southeast Asia accounting for 20% (2023).
2. Chinese Mainland: foreign investors from behind
Main enterprises:
Shennan Circuit (SCC): Investing in high-end PCB projects in Penang, Malaysia (to be launched in 2023).
WUS Printed Circuit: Building a factory in Thailand (planned for 2024).
Kinwong Electronics: Thailand and Vietnam factories (serving international customers).
Investment motivation:
Avoiding trade barriers (such as the United States imposing tariffs on Chinese PCBs).
Follow downstream customers (such as Apple and Tesla) to migrate to Southeast Asia.
3. Outward investment from other countries
Japan:
Nippon Mektron and Ibiden: they have set up factories in Chinese Mainland, Thailand and the Philippines, but their expansion has slowed down in recent years.
Focusing on high-end PCBs (automotive, packaging substrates), the scale of overseas investment is not as large as that of Taiwanese companies.
the republic of korea:
Samsung Electro Mechanics and Daeduck: primarily investing in Vietnam (Hanoi) and India (high-end HDI).
Our target is to serve local customers such as Samsung Electronics, with a weak global layout.
United States/Europe:
Enterprises such as TTM and AT&S (Austria) have set up factories in Asia, but their total foreign investment is much lower than that of Asian enterprises.
4. Key conclusions
First place: Taiwan, China, China (accounting for more than 50% of global PCB overseas investment, mainly in Southeast Asia and Chinese Mainland).
Second place: Chinese Mainland (the transfer to Southeast Asia has accelerated in recent years, but the total amount still lags behind Taiwan enterprises).
Third tier: Japan and South Korea (mainly technology oriented investments with limited scale).
Future Trends
Southeast Asia (Vietnam, Thailand, Malaysia) will become the most popular region for PCB outbound investment, benefiting from the decoupling of China and the United States and supply chain restructuring.
India may become the next focus (driven by Apple's supply chain), but infrastructure and industrial chain maturity remain bottlenecks.
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