HONG KONG – Kingboard Holdings plans to raise approximately $1.5 billion through a stake sale in subsidiary Kingboard Laminates Holdings to expand production capacity and support growing demand for AI-related printed circuit board materials.

Kingboard Laminates, one of the world's largest producers of copper-clad laminates used in AI server PCBs, will use the proceeds to increase multilayer and high-density interconnect (HDI) PCB capabilities, expand manufacturing capacity, accelerate research and development efforts, and repay debt.

The move comes as AI infrastructure investment continues to drive demand throughout the electronics supply chain. Major cloud providers are expected to spend more than $800 billion on AI infrastructure in 2026, increasing demand for advanced PCB materials and manufacturing technologies.

Kingboard said the investments will strengthen its position as a vertically integrated supplier of electronic materials and support future growth in AI, networking and data center applications.