The year 2024 marked significant milestones for TTM Technologies (“TTM”) as we made advancements in our operations and product offerings. We expanded our portfolio of radio frequency components to encompass cutting-edge technologies designed to support the emerging 5.5G networks, as well as the X-Band Commercial-Off-The-Shelf Military and Aerospace applications.
A key highlight was the opening of our state-of-the-art manufacturing facility in Penang, Malaysia. This facility underscores our strategic investment in enhancing manufacturing capabilities to better serve our clients worldwide. Additionally, we celebrated a major milestone with a beam signing ceremony for our new greenfield manufacturing site in Syracuse, New York.
As a leading global manufacturer of technology solutions, TTM is dedicated to delivering innovative products and unparalleled customer service. To explore our full range of offerings and learn more about how we can assist you, we invite you to visit our website at ttm.com.
We are also proud to announce that TTM has been awarded the Hong Kong Authorized Economic Operator (“AEO”) Certificate and the Bronze Award in the Hong Kong AEO Programme Partnership Scheme. Please see below for more details on this achievement.
Wishing you warmth and happiness this holiday season!
Yours sincerely,
TTM Corporate Marketing
Monthly Highlights
TTM Receives Hong Kong AEO Certificate and Bronze Award for Excellence
We are pleased to share that TTM has received the Hong Kong Authorized Economic Operator (“AEO”) Certificate and the Hong Kong AEO Programme Partnership Scheme Bronze Award at the HKAEO Certificate Presentation Ceremony 2024.
This recognition reflects our dedication to compliance and excellence within the AEO Programme, administered by Hong Kong Customs. The program aims to enhance the security and reliability of the international supply chain while facilitating the smooth flow of legitimate goods worldwide. TTM is proud to be one of only nine enterprises in Hong Kong to receive this recognition this year.
Celebrating Unforgettable Moments at HKPCA 2024
What an incredible experience at HKPCA 2024! We had the privilege of showcasing our innovative solutions and connecting with many amazing individuals in the industry. Thank you to everyone who stopped by our booth and engaged with us.
Click below to see highlights from the show.
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Printed circuit board (PCB) and copper-clad laminate (CCL) manufacturers are positioning themselves to capitalize on the growing AI server demand to drive growth momentum in 2025.
The global semiconductor manufacturing industry demonstrated strong momentum in the third quarter of 2024, with all key industry indicators showing positive sequential increases for the first time in two years.
The landscape of the three key new energy vehicle (NEV) markets—China, Europe, and the US—will undergo dramatic changes in 2025. Price competition is expected to continue, driven primarily by government policies across these regions.
Leading tier 1 European automotive suppliers have laid off more than 50,000 workers in 2024, surpassing layoffs during the COVID-19 pandemic. This is mainly attributed to difficulties in the shift to electric vehicles in the European auto industry, lower-than-expected demand, and the poor economic outlook.
Medtech companies are moving quickly to secure their place in the fast-growing pulsed field ablation space as new devices and heart imaging technology hit the market.
The US market, the largest globally for EP diagnostic catheters, benefits from a higher number of facilities and specialists compared to other countries. Advanced EP diagnostic catheters, while costlier, provide superior diagnostic capabilities, supporting their adoption despite price concerns.
Japanese semiconductor equipment manufacturers have raised profit forecasts driven by surging AI demand. However, China's cooling semiconductor equipment market and potential tightening of US export regulations create uncertainty for the sector's outlook.
Manufacturers increasingly turn to machine vision systems to automate critical processes, improve product quality and gain insight into operations. Machine vision involves using cameras, sensors and image processing software to provide visual input and analysis for automated machines.
Global server shipments in the third quarter of 2024 grew by 4.3% compared to the previous quarter, but because of the high base period built, the fourth-quarter shipments are expected to slip sequentially.
Telco spending on RAN infrastructure fell 11% in 2023, to about $40 billion, and is expected to decline another 7% to 9% in 2024. Instead of buying new equipment, telcos have used existing supplies.
High-end router market declined 19% in 3Q24. The high-end router market contraction was across all geographies, with the steepest decline occurring in North America due to excess customer inventory.
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