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TTM Technologies, Inc.

TTM DIGEST

February 2025 Issue

TTM Technologies, Inc.

Artificial Intelligence (“AI”) is transforming businesses worldwide in numerous ways. An increasing number of organizations are adopting AI technologies to streamline operations, enhance efficiency, and gain a competitive edge. By automating routine tasks, businesses can empower employees to focus on more complex and strategic initiatives. This shift not only boosts productivity but also fosters innovation by enabling teams to dedicate their time to creative problem-solving.



As more organizations recognize the potential of AI, its integration into business strategies continues to grow, spanning markets such as automotive, medical, retail, and logistics. Companies are increasingly investing in AI research and development, recognizing its ability to not only improve operational efficiency but also drive revenue growth and enhance customer experiences.



Printed Circuit Boards (“PCB”s) are crucial components in the development of AI technology. They serve as the backbone of electronic devices that power AI systems, including sensors, processors, and memory storage. PCBs provide reliable and efficient connections between these components, allowing for a seamless flow of information and data. This connectivity is essential for AI's advanced learning and decision-making capabilities.



At TTM Technologies (“TTM”), we are a leading global manufacturer of AI systems. TTM is well-positioned to provide the necessary support our customers need to produce technology that can virtually assist you in your work and personal life. If you would like to learn more about AI technology, please register for our AI webinar below.

Yours sincerely,



TTM Corporate Marketing

Monthly Highlights

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TTM Technologies, Inc. Reports Fourth Quarter and Fiscal Year 2024 Results

TTM Technologies, Inc. (NASDAQ: TTMI) (“TTM”), 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”s), has reported results for the fourth quarter and fiscal 2024, which ended on December 30, 2024.

Fourth Quarter 2024 Highlights:

  • Net sales were $651.0 million
  • GAAP net income of $5.2 million, or $0.05 per diluted share, inclusive of a $14.1 million pre-tax, non-operational, foreign exchange gain
  • Non-GAAP net income was $62.8 million, or $0.60 per diluted share, inclusive of a $14.1 million pre-tax, non-operational, foreign exchange gain
  • Cash flow from operations was $86.1 million, or 13.2% of sales
  • Book to bill of 1.09 for the fourth quarter
  • A&D program backlog a record $1.56 billion
  • Data Center Computing revenues a record 22% of total company revenues
Details
TTM Tech Academy

Webinar

Artificial Intelligence – Design and Manufacturing Opportunities and Challenges in the PCB Industry

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End Market News

PCB & SEMICONDUCTOR

iCONNECT 007 | January 17, 2025

The consistent demand for electronics and advancements in technology are the primary drivers for the PCB market.

IPC | Janiary 27, 2025

Total North American PCB shipments in December 2024 were down 0.3 percent compared to the same month last year. Compared to the preceding month, December shipments were down 3.9 percent.

AUTOMOTIVES

iCONNECT 007 | January 20, 2025

In the commercial vehicle segment, LiDAR is playing a critical role in autonomous buses, robotaxis, and autonomous trucks supporting Level 4 functionalities.

DIGITIMES | January 24, 2025

Several international manufacturers and joint venture operations have already ceased production in China, with more plant closures anticipated in 2025.

MEDICAL

Medtech Dive | January 9, 2025

After a busy 2024, experts called out competition in soft tissue robotics, uncertainty from a Trump White House and continued success for pulsed field ablation as trends to watch this year.

Fierce Healthcare | January 17, 2025

Many U.S. hospitals using predictive models are not evaluating their tools internally for accuracy, and fewer still are evaluating them for potential biases, according to a study published in the most recent edition of Health Affairs.

INDUSTRIAL & INSTRUMENTATION

DIGITIME | January 24, 2025

The emergence of ChatGPT has significantly accelerated the development of large language models (LLMs). While the advancements in these models are remarkable, the broader market anticipates a future dominated by more sophisticated AI applications, such as AI agents and robots.

Robotics Tomorrow | January 29, 2025

The global humanoid robot market is supposed to reach a valuation of USD 79.6 billion by 2035, projected to expand at a CAGR of 45.6% during the forecast period.

DATA CENTER & COMPUTING

TrendForce | January 6, 2025

Looking ahead to 2025, the value of the AI server segment is expected to rise to US$298 billion due to persistently high demand and a higher ASP for this product category. Additionally, AI servers are forecasted to account for over 70% of the total value of the entire server industry in 2025.

Dell' Oro | February 5, 2025

Worldwide data center capex is projected to surpass $1 trillion by 2029. AI infrastructure spending will maintain its strong growth momentum despite ongoing sustainability efforts.

NETWORKING & TELECOMMUNICATIONS

Dell'Oro | January 30, 2025

The Ethernet campus switch market is expected to bounce back to exceed $20 billion in 2025, fueled by refresh cycles and Wi-Fi 7 deployments.

Dell’ Oro | February 4, 2025

Ethernet is gaining momentum, driven by both supply and demand tailwinds, as more large-scale AI clusters adopt it as the primary fabric.

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