TAIPEI, TAIWAN –  Taiwan’s PCB industry is on track to generate $28.76 billion in output in 2025, representing 11.1% year-over-year growth, according to the Taiwan Printed Circuit Association (TPCA).

Combined domestic and overseas PCB production reached $21.15 billion during the first three quarters of the year, an increase of 11.3% compared with the same period last year. Industry momentum reflects a structural shift toward higher-value applications tied to artificial intelligence infrastructure.

Third-quarter PCB output totaled $7.72 billion, up 7.2% year over year, even as demand for smartphones softened following earlier front-loaded shipments driven by tariff concerns. Growth was largely supported by rising demand for AI servers, high-speed networking equipment, and advanced computing platforms.

Fourth-quarter output is projected at $7.61 billion, up 10.4% year over year, reinforcing the industry’s transition toward premium products. TPCA noted that the expansion of generative AI applications continues to drive shipments of advanced substrates, including materials used in high-performance AI processors, as well as high-layer-count multilayer boards and high-density interconnect (HDI) boards.

By segment, the computer-related PCB category surged 25.2% year over year in the third quarter, while semiconductor-related PCBs grew 14.2%, making them the industry’s primary growth engines. In contrast, communications PCBs declined 7%, and automotive-related boards fell 4.3%, reflecting weaker end-market demand and heightened competition from Chinese manufacturers.

Looking ahead, TPCA expects AI server demand to remain strong into the fourth quarter. Tight supply of advanced materials may push prices higher, potentially lifting both shipment volumes and average selling prices across Taiwan’s PCB supply chain.

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