Upstream Component Price Hikes and Booming PCB/MLCC Cycles

Driven by surging demand for AI servers, prices for upstream components like memory chips have soared, creating a "siphon effect" that squeezes profit margins for mid-to-low-end products. Simultaneously, this has sparked an explosion in high-end components. While ordinary servers use only about 2,000 MLCCs per unit, 8-card AI servers require up to 20,000 or more, driving PCB and MLCC sectors into a boom cycle of volume and price increases, continuously amplifying the competitive advantages of leading manufacturers.