Compeq says satellite and data center orders will drive second-half growth

Compeq’s strong performance signals a structural shift in the global PCB supply chain, driven by satellite internet and data center demand. Rising demand for high-density interconnect (HDI) boards is boosting upstream suppliers of copper foil, solder mask, and precision drilling equipment, while pushing midstream manufacturers toward finer line widths and higher accuracy. From a compliance standpoint, tightening U.S. export controls on semiconductor components pose risks for Compeq, especially in procurement from Taiwan, China and Hong Kong, China, where supply chain dependencies are critical. Competitors like Xingsen and Deep South Circuit may accelerate HDI capacity expansion to capture this fast-growing market. Over the next 12 to 24 months, the rapid deployment of low-Earth orbit satellite constellations will sustain HDI demand, while prolonged data center construction cycles could generate multi-year growth momentum, indicating a new phase of cyclical expansion in the PCB industry.