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TTM Technologies, Inc.

TTM DIGEST

Jan 2024 Issue

TTM Technologies, Inc.

Wireless telecommunications has revolutionized how we communicate and access information, making it faster and more convenient. Wireless telecommunications has also created new opportunities for businesses and individuals to connect, regardless of location. It has become an essential part of our daily lives, and as technology continues to advance, wireless telecommunications will continue to play a vital role in shaping our future.



Wireless telecommunications technology wouldn't exist without Printed Circuit Boards ("PCBs") and Radio Frequency ("RF") technology. PCBs provide a basis for connecting electronic components within a device, allowing information to be transferred. RF technology, on the other hand, is responsible for creating and transmitting radio waves, which enables the wireless transfer of data.



At TTM Technologies (“TTM”), our total solution provides early engineering engagement, specialized facilities that meet strict global telecom standards, and cost-efficient manufacturing throughout our global footprint, making us a leading supplier of complex PCB and RF Component Solutions to all hardware developers in the wireless Telecommunications market as well as the Networking industries.



Have questions? Our network of engineers and technology professionals are ready to provide you with answers. Connect with us today at ttm.com.

Yours sincerely,



TTM Corporate Marketing

Monthly Highlights

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Press Release

TTM Technologies, Inc. Reports Fourth Quarter and Full Year 2023 Results

TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (“PCB”), today reported results for the fourth quarter and full year 2023, which ended on January 1, 2024.

Fourth Quarter 2023 Highlights
* Net sales were $569.0 million
* GAAP net income of $17.3 million, or $0.17 per diluted share
* Non-GAAP net income was $43.0 million, or $0.41 per diluted share
* Cash flow from operations was $47.5 million
* Repurchased 784 thousand shares of common stock for $9.8 million at an average price of $12.52 per share

Access Press Release

Award

TTM Zhongshan Receives Socially Responsible Entrepreneur of the Year Award

TTM’s Zhongshan plant was honored with the Socially Responsible Entrepreneur of the Year Award at the 7th Zhongshan Most Socially Responsible Enterprise Media Awards Ceremony. TTM Zhongshan has received praise from the government for actively promoting cleaner production, energy conservation, building corporate culture and spirit, and achieving economic benefits.

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Webinars

Rigid-Flex 101

Join us for an overview of TTM Rigid-Flex PCB technology, including industry standards, materials, manufacturing processes and capabilities, and design concepts and considerations.

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March 26, 2024

11:00 (EDT) | 08:00 (PT) | 16:00 (CET)

March 29, 2024

10:00 (HKT)

Upcoming Event

Tradeshow

DoD AIMS User Working Group ("UWG")

We will be exhibiting at the DoD AIMS UWG, showcasing our latest IFF technology. TTM is an industry leader in the design and development of advanced IFF capabilities including the patented technology of GPS Denial of Service Detection & Reporting. Our systems are deployed globally, supporting ground based, shipboard, and airborne systems.

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Hilton, Atlanta, Atlanta, GA

March 25 – 29, 2024

End Market News

PCB & SEMICONDUCTOR

DIGITIMES | Jan 3, 2024

With automobile functions becoming increasingly electronics-based, automotive components have been a rare outlier in the sluggish economy, in turn driving substantial growth in the automotive PCB industry.

DIGITIMES | Jan 25, 2024

Even though end-user products will see a slight uptick in shipments in 2024, this is merely due to inventory replenishment instead of a rise in demand.

IPC | Jan 26, 2024

North American PCB shipments in December 2023 were down 18.3% Y/Y and the book-to-bill ratio stands at 0.90.

AUTOMOTIVES

DIGITIMES | Jan 29, 2024

While demand for EVs has softened, drivetrain components and car interior parts suppliers said they will not stop developing new products for EVs. Many companies focus on the high-end market, which continues to grow because specific consumers are immune from the economic downturn.

DIGITIMES | Jan 31, 2024

Automotive applications will be the key growth driver for CMOS image sensors (CIS) in 2024, with promising demand from China, according to supply chain sources.

MEDICAL

Medtech Dive | Jan 30, 2024

Medical technology companies in 2024 are launching devices that address two especially vexing challenges affecting millions of heart patients: high blood pressure and atrial fibrillation, a form of irregular heartbeat.

Mass Device | Jan 31, 2024

Experts said M&A, orthopedic procedure backlogs and emerging cardiac markets were among the top trends to watch in the medical device industry this year.

INDUSTRIAL & INSTRUMENTATION

Robotics Tomorrow | Jan 17, 2024

The outlook for robotics in 2024 is shaped by trends making autonomous mobile robots more accessible across industries.

DIGITIMES | Jan 23, 2024

Major Japan-based semiconductor equipment saw their market capitalization more than double in 2023, with other suppliers reporting nearly doubling of their market valuations, highlighting the demands for semiconductor equipment when chipmakers are expanding their production capacities amid rising Chinese demands and generative AI.

DATA CENTER & COMPUTING

DIGITIMES | Jan 23, 2024

Worldwide server shipments are expected to grow 5-7% in 2024, driven by a stronger-than-expected increase in demand for general-purpose servers and an anticipated surge in demand for AI servers.

Dell’ Oro | Jan 25, 2024

Worldwide data center capex is forecasted to have a compound annual growth rate of 18% over the next five years as investments shift toward AI.

NETWORKING & TELECOMMUNICATIONS

Dell’ Oro | Jan 16, 2024

AI workloads will require a new back-end infrastructure buildout, and spending on switches deployed in AI back-end networks is forecast to expand the Data Center Switch Market by 50%.

DIGITIMES | Jan 25, 2024

The growing competition in the Open RAN domain is expected to develop the Open RAN ecosystem in the next couple of years. Open RAN is forecasted to continue an upward, albeit slow, growth trajectory to reach 6% to 8% of the overall RAN market by the end of 2024.

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