The US faces national security risks due to its heavy reliance on China for AI circuit boards. Domestic manufacturing is declining, leading to concerns about malicious components and supply chain vulnerabilities. Efforts are underway to boost US production through subsidies and legislation.
Victory Giant, a Chinese printed circuit board manufacturer for AI and high-performance computing, surged 57.23% in its Hong Kong trading debut on Tuesday, with the retail tranche oversubscribed 431.15 times. The company became the world's leading PCB maker by revenue in AI/HPC in H1 2025 with 13.8% market share, up from 7th place in 2024. Victory Giant entered Nvidia's H-series AI accelerator supply chain in 2023 and was promoted to tier-one supplier in 2024.
Victory Giant, a Chinese printed circuit board manufacturer for AI and high-performance computing, surged 57.23% in its Hong Kong trading debut on Tuesday, with investors capitalizing on booming demand for AI infrastructure hardware. The retail tranche was oversubscribed 431.15 times. The company rose from seventh place with 1.7% market share in 2024 to lead the market with 13.8% in H1 2025, according to Frost & Sullivan data.
Chinese printed circuit board (PCB) suppliers are experiencing a surge in interest and pursuing IPOs, driven by the booming global demand for AI infrastructure. Companies like Victory Giant Technology and Jiangxi Redboard Technology are raising significant capital, with analysts projecting continued growth in the sector.
