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Taiwan PCB output forecast 2024 sees upward revision as second-half consumer demand may fall short

In the first half of 2024, Taiwan’s printed circuit board (PCB) industry experienced significant growth, propelled by robust demand for AI servers, satellite communications, and automotive electronics. A recovery in the smartphone and memory markets also contributed to the improved performance. By the second quarter, the industry’s output reached NT$190.8 billion (US$5.97 billion), reflecting a 12.7% increase compared to the same period last year. This underscores Taiwan’s crucial role in supporting growth across AI, satellite systems, and electric vehicle sectors.