Doosan Corp.’s Electronics Enterprise Group (BG), which has been benefiting considerably from the unreal intelligence (AI) semiconductor increase with high-quality copper clad laminates (CCL), is projected to exceed 1 trillion gained in NVIDIA-driven gross sales subsequent 12 months. It’s because Doosan’s dominant place has solidified, with the potential of solely supplying CCL to the next-generation AI chip Rubin, as Taiwan’s EMC, a competitor and the world’s No. 1 CCL firm, lately did not cross NVIDIA’s BlackWell GB300 high quality verification.
In line with the trade on Nov. 19, Taiwan CCL producer EMC lately failed the standard verification for CCL utilized in computing trays (GPU connection boards) for NVIDIA’s next-generation BlackWell mannequin GB300. The CCL for GB300 computing trays is a product that Doosan has already handed NVIDIA’s high quality verification.
CCL is a product during which either side of an insulating layer composed of resin and reinforcing supplies are bonded to copper skinny movies that act as conductors. PCB producers create boards by which electrical indicators can stream by drilling holes within the CCL and including copper movies to circuits by processes similar to electroplating and electroless plating. CCL is basically probably the most fundamental materials for semiconductors.
Taiwan’s EMC did not cross the GB300 computing tray high quality verification as a result of significantly excessive technical obstacles that exist for high-end CCL utilized in AI semiconductors. EMC, holding a 60% world CCL market share because the No. 1 firm, equipped CCL alongside Doosan for NVIDIA’s Hopper collection launched in 2022, however has been fully pushed out of the next-generation AI semiconductor BlackWell provide chain.
The chance can be raised that Doosan might solely provide CCL to Rubin, the brand new semiconductor NVIDIA plans to launch subsequent 12 months. The CCL market is basically divided between EMC and Doosan, however EMC failed to fulfill high quality requirements even for GB300.
An trade insider stated, “At this level, the potential of Doosan solely supplying CCL within the early levels of Rubin may be very excessive,” including, “Doosan is predicted to start out unique provide from the third quarter of subsequent 12 months, with vital gross sales development anticipated within the fourth quarter attributable to expanded chip manufacturing scale.”
Trade insiders anticipate Doosan’s NVIDIA gross sales to exceed 1 trillion gained subsequent 12 months. Doosan already began with 100 billion gained within the fourth quarter of final 12 months and is projected to generate 660 billion gained in gross sales from NVIDIA this 12 months, with evaluation suggesting this might develop by 70% to 1.15 trillion gained subsequent 12 months.
Doosan is having fun with an unprecedented increase by growing high-end CCL provide. Doosan Electronics BG’s working revenue this 12 months is projected at 500.9 billion gained, a four-fold improve from final 12 months (122.6 billion gained). The working revenue margin specifically rose vertically from 12.2% to 27.4%. Subsequent 12 months, Doosan Electronics BG is predicted to proceed its development trajectory with 717.5 billion gained in working revenue, with revenue margins approaching 30%. There are additionally projections that Doosan may provide CCL to application-specific built-in circuits (ASIC) from world large tech firms like Amazon and Google, past NVIDIA.
Doosan’s CCL factories are working at full capability, driving gross sales development. In line with Doosan’s quarterly studies, the Electronics BG Jeungpyeong and Gimcheon factories are working at 130.4% and 125.2% capability respectively, exceeding 100%. Each factories have seen repeatedly rising capability utilization charges each quarter this 12 months. Doosan invested 60.3 billion gained in CCL facility growth within the third quarter, representing a rise of over 50% from final 12 months.
