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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 5 sources · 9 days · First seen · Last updated

TTM Technologies business expansion and growth

Overview

TTM Technologies has initiated a significant period of capital investment and expansion driven by demand for artificial intelligence hardware. The company announced a $400 million investment to expand production capacity across five Asian facilities in China and Malaysia, specifically targeting advanced printed circuit boards for high-speed data transmission and AI-driven data center infrastructures.

Following these investments, the company reported record third-quarter 2026 financial results, with net sales reaching $1.2 billion, a 60% increase year-on-year. Growth was largely attributed to the Data Center and Networking market, which accounted for 41% of total net sales. To further its global reach, TTM announced the $650 million acquisition of Ophir Optics and the acquisition of two fabrication factories in the United Kingdom to expand its European footprint.

Entities

Ophir Optics · China · Penang · Merlin Circuit Technology Ltd. · MKS Inc.

Timeline

  1. [BUSINESS] 3 sources
    TTM Technologies reports record third quarter 2026 results

    TTM Technologies reported record Q3 2026 net income and $1.2 billion in sales, driven by AI demand and A&D markets.

  2. [BUSINESS] 2 sources
    TTM Technologies invests $400 million in China and Malaysia PCB plants

    TTM Technologies is investing $400 million to expand printed circuit board production in China and Malaysia to meet rising demand from the AI and data center sectors.

Sources

evertiq.pl · games.yahoo.com.tw · marketwire.com · pressreach.com · vipress.net