Electronic Materials See Across-the-Board Price Hikes, Industry Hails a "Golden Three Years"
Alina Collins
Surging demand for AI servers and optical communications has driven multiple rounds of price hikes in CCL, glass fiber cloth, and high-end copper foil since 2025, flipping the industry from a buyer's market to a seller's market — what insiders are calling a "golden three years."
Who fired the first shot on pricing?
Japan's Resonac raised prices on its entire CCL — copper-clad laminate, the base material for circuit boards — lineup by 30% in January, one of the steepest hikes in years.
Hong Kong-listed Kingboard then raised CCL and related products multiple times from March to June, with cumulative hikes of 10%–20%-plus. Nan Ya followed in March with a 15% CCL increase.
This means → the repricing is not one company's move — it is an industry-wide chain reaction led by Japanese suppliers and followed by Taiwanese, Hong Kong, and mainland peers.
How much are Taiwanese high-end CCL makers raising prices?
TUC and Ventec each raised high-end CCL prices by roughly 10%. ITEQ pushed some products up 20%–40%.
Panasonic simultaneously lifted CCL, prepreg, FRP, and FPC material prices by 15%–30%.
China Merchants Electronics Research calls pricing the dominant theme for CCL in 2026 — upstream copper and glass cloth costs are climbing, downstream AI demand is squeezing capacity, and PCB-level inventories are low. All three forces point to sustained volume and price gains.
Why are glass fiber and copper foil rising too?
Japan's Nittobo, a leading glass fiber maker, raised electronic-grade glass fiber prices 20% in 2025 and hiked T-Glass prices another 30% this year. In plain terms = T-Glass and NER Glass — low-dielectric materials that carry signals faster with less loss — are now essential inputs for AI servers and high-speed switches, and supply cannot keep up.
In high-end copper foil, Co-Tech raised processing fees 5%–10% last year. Japan's Mitsui Mining lifted high-end copper foil prices roughly 15%. Nan Ya followed suit.
This reflects a deeper shift: AI compute demand is not just pulling chips — even the base materials underneath circuit boards have entered a seller's market.
Why are foreign investors turning sharply bullish?
A new JPMorgan report confirms that electronic-material supply chains have seen multiple rounds of price hikes since 2025, with the industry shifting from a buyer's to a seller's market.
JPMorgan sharply raised its target price for Nan Ya. The core logic: Nan Ya holds copper foil, glass fiber cloth, glass fiber yarn, and epoxy resin — a complete supply chain that benefits across the board when shortages and price hikes feed on each other.
This means → the market's top pick is not a single product price hike — it is the profit leverage from being positioned across the entire chain.
How did Taiwan's electronic-materials stocks react?
On June 22, Nan Ya, Chien Jung, Te Hung, Rong Ke, and ITEQ all hit the daily limit up. Fu Chiao, Taiwan Glass, and peers surged 7%–8%, becoming the session's top money magnets.
Galaxy Securities notes that CCL leaders have already raised prices four times so far in 2026, with Shengyi Technology and Nan Ya New Material following.
The pricing trend is expected to persist through H2 2026 — in plain terms = this is not a one-day trade; the supply chain is still deep inside a repricing cycle.
Content is for reference only, not financial advice.