This analysis was prepared for a recent customer presentation and has been updated with the latest company results. It uses Custer Contexo Group’s composites, built from company filings, to show where the PCB supply chain is in the business cycle. CCG’s main supply-chain composites are all growing, and growth is still speeding up: Semiconductors: revenue …
The 213-company electronic equipment composite grew 16.8 percent in the first quarter of 2026. Computer and peripheral suppliers accounted for 62 percent of the increase, adding 91.3 billion dollars of the 146.9 billion total. The rest of the composite grew 8.9 percent. All six non-computing sectors came in above their own median for the seventeen …
See attached presentation: The_New_Substrate_Hyperscale_AI_1.46T_Rebuild 1. Global Economic Landscape and Macro Electronics Outlook The global economy in H2 2026 is operating in a “two-speed” state, characterized by a sharp divergence between AI-driven industrial expansion in East Asia and a softening macroeconomic profile in China. While high-tech exports from Taiwan and South Korea have reached record thresholds, China’s …