TTM Technologies, Inc. (TTMI) announced a planned $400 million strategic investment to expand its manufacturing capacity in response to the growing demand for artificial intelligence (AI) infrastructure. The expansion will focus on scaling advanced interconnect technologies for data center, hyperscaler, and networking customers.
Key Details
- Investment Amount: The $400 million investment is incremental to a previously disclosed $1.2 billion capital commitment for the 2025-2029 period.
- Strategic Focus: The funds will be used to increase manufacturing capacity for advanced interconnect products, specifically for the AI hardware supply chain.
- Locations: The expansion will take place across four existing facilities in China and the company's plant in Penang, Malaysia, utilizing a 'rapid-ramp' brownfield strategy.