As demand for AI infrastructure continues to grow steadily, major networking and server PCB suppliers such as Gold Circuit Electronics (GCE), First Hi-tec (FHt), and Allied Circuit (ACCL) have benefited from a significant uptick in shipments of high-end boards, pushing full-year 2025 revenue to record highs.
With AI server customer demand expected to remain strong in 2026, these companies are rolling out new capacity to strengthen their order-taking capabilities. Analysts expect continued volume growth in applications such as AI servers and high-performance computing (HPC) in 2026, which will simultaneously raise the technological thresholds for PCB processes and materials.
Not only are the three companies highly focused on the networking and server markets expected to benefit, but more new entrants are also likely to join the supply chain and share in the high-end PCB order windfall.
GCE leads with CSP partnerships
Gold Circuit Electronics' customers include the four major cloud service providers (CSPs), with server-related business accounting for more than 70% of its revenue. AI servers contribute over 30% of revenue, and in 2026, the company is set to become a key beneficiary in the application-specific integrated circuit (ASIC) server supply chain. Its new plant in Thailand is expected to begin ramping capacity as early as the second half of 2026, helping it retain its leading position in server PCB shipments.
FHt rides CSP demand wave
FHt, often dubbed "the smaller Gold Circuit" by the market, has long focused on niche market products. Recently, driven by strong pull-in demand from major US-based CSP customers, server application shipments accounted for 55–60% of total shipments in the first three quarters of 2025, simultaneously pushing the proportion of AI server revenue to a historical high. Its newly acquired Taoyuan Plant No. 3 is set to begin phased production in 2026.
ACCL expands for key accounts
ACCL also has shipments highly concentrated in the server market and maintains close partnerships with major players such as Supermicro, Dell, and AWS. AI server orders already account for more than 50% of its total orders, and to meet strong demand from key customers, capacity expansion in 2026 is expected to reach around 20%.
Automotive supplier enters AI arena
It is also worth noting that automotive PCB supplier Dynamic Electronics has reported positive progress in entering the AI server market, with related orders set to ramp up formally in the second half of 2026. At that time, AI-related revenue is expected to surpass the 20% threshold, with contributions evenly split between GPU- and ASIC-based platforms. Dynamic Electronics has chosen to focus its expansion efforts on its new Thailand plant, with all new capacity expected to be in place by the fourth quarter of 2026.
Article translated by Emily Kuo and edited by Jerry Chen
