TTM Technologies, Inc. Prepares For the Future with the Acquisition of a Facility in Wisconsin and Land in Penang
TTM Technologies (NASDAQ:TTMI), a global manufacturer of technology solutions, has announced two strategic expansions: the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin, and land rights for a future manufacturing site in Penang, Malaysia.
The Wisconsin facility, previously owned by TDK, comes with existing infrastructure for advanced PCB manufacturing, enabling faster deployment of U.S. domestic capacity. The facility will focus on producing advanced technology PCBs for data center computing and networking, particularly for generative AI applications.
In Penang, TTM acquired 10 acres of land rights to establish a new production site, aiming to diversify its supply chain beyond China. This facility will serve commercial markets including data center computing, networking, and medical instrumentation. The company expects no significant financial impact from these investments in 2025.
TTM Technologies (NASDAQ:TTMI), produttore globale di soluzioni tecnologiche, ha annunciato due espansioni strategiche: l'acquisizione di una struttura di 750.000 piedi quadrati a Eau Claire, Wisconsin, e i diritti di terreno per un futuro sito produttivo a Penang, Malaysia.
La struttura in Wisconsin, precedentemente di proprietà di TDK, dispone di infrastrutture già esistenti per la produzione avanzata di PCB, permettendo un rapido incremento della capacità produttiva nazionale negli Stati Uniti. Questa sede sarà dedicata alla produzione di PCB tecnologicamente avanzati per il computing e il networking nei data center, con particolare attenzione alle applicazioni di intelligenza artificiale generativa.
A Penang, TTM ha acquisito i diritti su 10 acri di terreno per realizzare un nuovo sito produttivo, con l'obiettivo di diversificare la propria catena di approvvigionamento oltre la Cina. Questa struttura sarà destinata ai mercati commerciali, inclusi computing per data center, networking e strumentazione medica. L'azienda prevede che questi investimenti non avranno un impatto finanziario significativo nel 2025.
TTM Technologies (NASDAQ:TTMI), fabricante global de soluciones tecnológicas, ha anunciado dos expansiones estratégicas: la adquisición de una instalación de 750,000 pies cuadrados en Eau Claire, Wisconsin, y derechos sobre terrenos para un futuro sitio de fabricación en Penang, Malasia.
La instalación en Wisconsin, anteriormente propiedad de TDK, cuenta con infraestructura existente para la fabricación avanzada de PCB, lo que permite una implementación más rápida de la capacidad doméstica en EE. UU. La instalación se enfocará en la producción de PCB de tecnología avanzada para computación y redes en centros de datos, especialmente para aplicaciones de inteligencia artificial generativa.
En Penang, TTM adquirió derechos sobre 10 acres de terreno para establecer un nuevo sitio de producción, con el objetivo de diversificar su cadena de suministro más allá de China. Esta instalación atenderá mercados comerciales que incluyen computación para centros de datos, redes e instrumentación médica. La compañía no espera un impacto financiero significativo de estas inversiones en 2025.
TTM Technologies (NASDAQ:TTMI)는 글로벌 기술 솔루션 제조업체로, 두 가지 전략적 확장을 발표했습니다: 위스콘신주 오클레어에 위치한 75만 평방피트 규모의 시설 인수와 말레이시아 페낭에 미래 제조 부지용 토지 권리 확보입니다.
위스콘신 시설은 이전에 TDK가 소유했으며, 첨단 PCB 제조를 위한 기존 인프라를 갖추고 있어 미국 내 생산 능력 신속 확장이 가능합니다. 이 시설은 데이터 센터 컴퓨팅 및 네트워킹용 첨단 기술 PCB 생산에 중점을 두며, 특히 생성 AI 애플리케이션을 위한 제품을 생산할 예정입니다.
페낭에서는 TTM이 10에이커의 토지 권리를 확보하여 신규 생산 시설을 설립할 계획이며, 중국 외 공급망 다변화를 목표로 합니다. 이 시설은 데이터 센터 컴퓨팅, 네트워킹, 의료 기기 등 상업 시장을 대상으로 할 것입니다. 회사는 2025년 이 투자로 인한 재정적 영향이 크지 않을 것으로 예상합니다.
TTM Technologies (NASDAQ:TTMI), fabricant mondial de solutions technologiques, a annoncé deux expansions stratégiques : l'acquisition d'une installation de 750 000 pieds carrés à Eau Claire, Wisconsin, et des droits fonciers pour un futur site de production à Penang, Malaisie.
L'installation du Wisconsin, auparavant détenue par TDK, dispose d'infrastructures existantes pour la fabrication avancée de circuits imprimés (PCB), permettant un déploiement plus rapide de la capacité domestique américaine. Le site se concentrera sur la production de PCB technologiques avancés pour les centres de données et les réseaux, notamment pour les applications d'intelligence artificielle générative.
À Penang, TTM a acquis des droits fonciers sur 10 acres pour établir un nouveau site de production, visant à diversifier sa chaîne d'approvisionnement au-delà de la Chine. Cette installation desservira les marchés commerciaux, y compris l'informatique pour centres de données, les réseaux et l'instrumentation médicale. La société ne prévoit pas d'impact financier significatif de ces investissements en 2025.
TTM Technologies (NASDAQ:TTMI), ein globaler Hersteller von Technologielösungen, hat zwei strategische Erweiterungen angekündigt: den Erwerb einer 750.000 Quadratfuß großen Anlage in Eau Claire, Wisconsin, und Landrechte für einen zukünftigen Produktionsstandort in Penang, Malaysia.
Die Anlage in Wisconsin, zuvor im Besitz von TDK, verfügt über bestehende Infrastruktur für die fortschrittliche PCB-Herstellung, was eine schnellere Ausweitung der inländischen Kapazitäten in den USA ermöglicht. Der Standort wird sich auf die Produktion fortschrittlicher Technologie-PCBs für Datenzentrum-Computing und Netzwerke konzentrieren, insbesondere für generative KI-Anwendungen.
In Penang erwarb TTM Landrechte für 10 Acres, um einen neuen Produktionsstandort zu errichten und die Lieferkette über China hinaus zu diversifizieren. Diese Anlage wird kommerzielle Märkte bedienen, darunter Datenzentrum-Computing, Netzwerke und medizinische Instrumentierung. Das Unternehmen erwartet keine wesentlichen finanziellen Auswirkungen dieser Investitionen im Jahr 2025.
- Acquisition of ready-to-use 750,000 sq ft facility in Wisconsin reduces time-to-market for U.S. production
- Strategic expansion into Penang provides supply chain diversification beyond China
- Existing infrastructure in Wisconsin facility enables faster deployment of advanced PCB manufacturing
- Geographic diversification strengthens ability to serve global customers with regional manufacturing
- No significant financial impact expected for 2025, indicating delayed return on investment
- Additional capital investment will be required to outfit and operationalize both facilities
Insights
TTM's strategic facility acquisitions in Wisconsin and Malaysia strengthen manufacturing capabilities for AI demand while diversifying supply chain beyond China.
TTM's acquisition of the 750,000-square-foot former TDK facility in Wisconsin represents a significant strategic advantage in the current electronics manufacturing landscape. The facility's existing infrastructure for advanced PCB production will dramatically reduce time-to-market for domestic manufacturing capacity—a crucial differentiator when competitors might require 18-24 months to build comparable capabilities from the ground up.
This move directly addresses two converging market forces: the explosive demand for high-performance computing infrastructure supporting generative AI applications and increasing customer requirements for secure, resilient supply chains with domestic production capabilities. The Wisconsin facility positions TTM to capture premium pricing for advanced technology PCBs manufactured domestically, particularly serving data center and AI infrastructure customers who prioritize supply security over absolute cost.
Simultaneously, the Penang land acquisition demonstrates sophisticated geographical risk management. By establishing another production node in Malaysia—beyond China—TTM creates manufacturing flexibility that appeals to customers implementing China+1 or broader geographic diversification strategies. The proximity to TTM's existing Penang operations will allow for operational synergies while serving as a hedge against geopolitical supply chain disruptions.
The timing suggests TTM is preparing for significant market growth in high-complexity PCBs, particularly those supporting AI infrastructure buildout expected through 2028. While the financial impact for 2025 is noted as insignificant, these assets represent substantial future production capacity that can be activated as market demand materializes.
SANTA ANA, Calif., July 09, 2025 (GLOBE NEWSWIRE) -- TTM Technologies, Inc. (NASDAQ: TTMI), a leading global manufacturer of technology solutions including mission systems, radio frequency (“RF”) components and RF microwave/microelectronic assemblies, quick-turn and technologically advanced printed circuit boards (“PCB”), today announced the acquisition of a 750,000-square-foot facility in Eau Claire, Wisconsin, as well as land rights for an additional future manufacturing site in Penang, Malaysia.
Together, these new investments support TTM’s strategy to offer regionally optimized, globally connected manufacturing solutions for our customers. With a diversified production network spanning North America and Asia, TTM is uniquely positioned to provide the scale, flexibility, and supply chain security that global customers demand.
The Eau Claire, Wisconsin facility was previously owned and operated by TDK for the production of disk drive products. The facility is in excellent condition and comes with the necessary infrastructure to support advanced technology PCB manufacturing. As a result, TTM will significantly shorten the lead time required to bring new U.S. domestic capacity online as required by customers. This facility enhances the company’s ability to support future high-volume U.S. production of advanced technology PCBs across key markets, particularly data center computing and networking for generative AI applications.
“The Eau Claire facility represents a critical leap forward in TTM’s ability to support customers requiring high volume, advanced technology U.S. PCB manufacturing,” said Tom Edman, President and CEO of TTM Technologies. “Because the infrastructure is already in place, we can accelerate the deployment of equipment and capabilities to meet growing demand for reliable, North American supply.”
“TTM’s decision to further expand its manufacturing footprint in Wisconsin is a win for Eau Claire and for our entire state,” said Missy Hughes, secretary and CEO of the Wisconsin Economic Development Corporation, the state’s lead economic development agency. “Wisconsin is a recognized leader in precision manufacturing, and this facility is ready-made for TTM to strengthen its domestic customer relationships and grow quickly to produce critical electronic components such as printed circuit boards (“PCB”s). We look forward to partnering with TTM to ensure their continued success in our state.”
Additionally, TTM has acquired land rights for ten acres in Penang to establish a new production site that aligns with customers’ increasing interests in supply chain diversification beyond China. The future Penang facility will enable TTM to deliver cost-competitive, high-quality advanced technology PCB manufacturing within Southeast Asia, enhancing geographic flexibility and balance across its global footprint. This new facility will be in close proximity to TTM’s existing facility and is expected to support similar commercial markets such as data center computing, networking and medical, industrial, and instrumentation.
The company does not expect significant impact to the results of operations or financial condition for 2025 from these investments.
About TTM
TTM Technologies, Inc. is a leading global manufacturer of technology solutions, including mission systems, radio frequency (“RF”) components, RF microwave/microelectronic assemblies, and quick-turn and technologically advanced printed circuit boards (“PCB”s). TTM stands for time-to-market, representing how TTM's time-critical, one-stop design, engineering and manufacturing services enable customers to reduce the time required to develop new products and bring them to market. Additional information can be found at www.ttm.com.
Contact:
Sameer Desai,
Vice President, Corporate Development & Investor Relations
TTM Technologies, Inc.
sameer.desai@ttmtech.com
714-327-3050
Winnie Ng
Vice President, Corporate Marketing
TTM Technologies, Inc.
+852 2660 4287 / +1 714 327 3000
winnie.ng@ttm.com
FAQ
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