China's PCB Industry Investment Reaches RMB 116.7 Billion in H1 2026, Up 168%
In the first half of 2026, China's printed circuit board (PCB) industry attracted investment of approximately RMB 116.7 billion, a year-on-year surge of 168%. Top investors included WUS Printed Circuit, with RMB 14.3 billion (12.3% share), and Zhen Ding Tech, with RMB 11 billion (9.4% share). The top ten companies accounted for 62.6% of total investment, reflecting higher industry concentration.
In the first half of 2026, investment in China's PCB industry reached approximately RMB 116.7 billion, up 168% year on year. Among corporate investors, WUS Printed Circuit led with RMB 14.3 billion, representing 12.3% of the total. Zhen Ding Tech followed with RMB 11 billion, a 9.4% share, while Hongfa Technology ranked third with RMB 8 billion, accounting for 6.9%.
The top ten investors committed a combined RMB 73.1 billion, or 62.6% of the total, indicating further concentration than in 2025. Their investment focuses included high-end HDI and SLP substrates for AI servers, high-speed optical module boards, ultra-high-layer boards with over 40 layers, premium electronic glass fiber cloth, and M6/M7 ultra-low-loss high-speed copper-clad laminates.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Electronic Components, with intensity 85/100 and 90% confidence over a medium term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.