TTM Technologies Announces Additional $400 Million Investment for AI Capacity Expansion in Asia
TTM Technologies (NASDAQ: TTMI) has announced an additional $400 million investment to expand its manufacturing capacity at four facilities in China and one in Penang, Malaysia. This new funding is on top of the company's previously disclosed $1.2 billion commitment through 2029 for similar expansions. The expansion aims primarily to increase production capabilities for advanced printed circuit boards (PCBs), which are critical components used in artificial intelligence hardware development and deployment. The move reflects TTM’s strategic focus on meeting growing global demand, particularly from the AI sector that is experiencing rapid growth due to advancements in machine learning technologies.
Tickers: $TTMI
Topics: capacity expansion China investment Malaysia TTM Technologies