Part of the day: High-layer-count PCBs
Assembled by the nightly build from this catalog’s own entry for High-layer-count PCBs (4.05, Layer 4 — Servers, racks & integration). The tables below are rebuilt every night; first published 2026-09-21, refreshed 2026-09-24.
The bare printed circuit boards themselves — high-density interconnect, backdrilled, 20 to 40 copper layers — that GPU and switch trays are built on.
This is the physical board substrate beneath the baseboards and switch trays (4.03, 4.04): a laminate stack of 20 to 40 signal and power layers, built with HDI microvias and backdrilling to keep high-speed signal integrity across the board. It sits downstream of the laminate and copper-foil suppliers (4.06) and upstream of everything that gets populated onto it. AI boards push layer count and manufacturing precision well past a standard server motherboard because scale-up interconnect, high pin-count sockets and dense power delivery all need more routing layers and tighter tolerances than a general-purpose board. That raises both the capital intensity of the fabrication step and the qualification burden, since a board with dozens of layers has far more opportunities for a manufacturing defect to show up only under load. For investors, this is a capacity-constrained, capital-heavy tier of the supply chain: the fabricators that can reliably hit the highest layer counts at volume are a shorter list than the board designers who spec them, and that gap tends to widen, not narrow, with each new rack generation.
AI delta: AI boards need far more routing layers and tighter fabrication tolerances than a standard server motherboard, because dense scale-up interconnect and high-pin-count sockets have to be routed across the same board.
Who makes it
| Company | Role | Ownership | Ticker | Price | 1d | Confidence | Note |
|---|---|---|---|---|---|---|---|
| AT&S | manufacturer | public | ATS.VI | 139 EUR | -2.5% | disclosed | · source |
| Compeq | manufacturer | public | 2313.TW | 225 TWD | -6.5% | inferred | |
| Dongshan | manufacturer | public | 002384.SZ | 114 CNY | +0.6% | inferred | |
| Gold Circuit GCE | manufacturer | public | 2368.TW | 1115 TWD | -7.1% | inferred | |
| Ibiden | manufacturer | public | 4062.T | 8512 JPY | -1.0% | inferred | |
| ISU Petasys | manufacturer | public | 007660.KS | 87000 KRW | -3.7% | inferred | |
| Kingboard | manufacturer | public | 0148.HK | 46.30 HKD | +2.9% | inferred | |
| Nan Ya PCB | manufacturer | public | 8046.TW | 1265 TWD | -5.2% | inferred | |
| Shennan | manufacturer | public | 002916.SZ | 283 CNY | -0.5% | inferred | |
| Tripod | manufacturer | public | 3044.TW | 556 TWD | -4.1% | inferred | |
| TTM | manufacturer | public | TTMI | 80.11 USD | +7.6% | inferred | |
| Unimicron | manufacturer | public | 3037.TW | 1085 TWD | -1.4% | inferred | |
| Victory Giant | manufacturer | public | 300476.SZ | 183 CNY | +2.9% | inferred | |
| WUS | manufacturer | public | 002463.SZ | 107 CNY | +0.1% | inferred | |
| Zhen Ding | manufacturer | public | 4958.TW | 567 TWD | -2.1% | inferred |
The full entry — sub-categories, news, videos and sources — lives on the High-layer-count PCBs page.
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