en.Wedoany.com Reported - Ben Chuan Intelligent disclosed in its investor relations activity record announcement on May 19 that the company has achieved small-batch supply of PCBs related to 800G optical modules and is conducting sample verification with several customers. Currently, 6 customers have completed multiple rounds of prototyping, and 3 customers have entered the small-batch trial production stage. The CIPB product has successfully completed sample verification for a leading AI server power supply customer, entered its supply chain system, and begun small-batch production. The company is also actively advancing technical pre-research and customer engagement for 1.6T optical module PCB products.
PCBs for optical modules belong to a niche segment with high technical barriers, involving the application of high-frequency and high-speed materials, HDI and rigid-flex composite processes, break-off gold fingers, and electroplated thick gold processes, which impose extremely stringent requirements on PCB materials, processes, and precision. 800G optical module PCBs need to maintain signal integrity at a signal rate of 100Gbps per channel, placing demanding requirements on the dielectric constant and loss factor of dielectric materials. Ben Chuan Intelligent has completed verification of over 10 materials to address warpage issues caused by differences in thermal expansion coefficients of different materials, solved core technical challenges such as high-voltage insulation, laser slotting, and microvia filling and plating, and simultaneously engaged in deep cooperation with upstream chip manufacturers and module manufacturers, establishing full-link supply capability from materials to finished products.
Production capacity reserves are the key foundation to support the volume ramp-up of the optical module PCB business. Ben Chuan Intelligent's Nanjing base can achieve an actual output of 1.2 million square meters in 2026. The first phase of the Zhuhai Shuohong factory was put into production in 2025, and the second phase is expected to be completed by the end of next year, reaching a capacity of 1 million square meters. The planned capacity of the Thailand base is approximately 400,000 square meters. The total planned capacity of the three bases exceeds 2.6 million square meters. The first phase in Zhuhai has entered the capacity ramp-up stage, and the construction of the second phase is basically aligned with the volume ramp-up cycle of 800G and 1.6T optical modules. The demand from overseas customers for supply chain localization also provides a clear market space for the Thailand base.
Ben Chuan Intelligent's business model has extended from a single PCB manufacturer to an overall power module manufacturer, directly selling finished modules externally. The CIPB project is currently in the small-batch trial production stage, with large-scale volume ramp-up expected in the next 1 to 2 years. The company focuses on niche markets such as AI server power supplies, pursuing a differentiation strategy. Within the computing power infrastructure supply chain, it avoids price competition in the general-purpose PCB market, while increasing single-customer value and supply barriers by providing finished modules.
400G optical modules have gradually become unable to meet the bandwidth required for AI training and inference. The industry is rapidly upgrading from 400G to 800G and further developing towards 1.6T. East-west traffic between GPUs in AI computing clusters is growing exponentially, and each generational upgrade requires optical modules to achieve leapfrog improvements in bandwidth density and power efficiency. It is expected that 800G ports will become the absolute mainstream in 2026, with the penetration rate of PCBs for optical modules at 800G and above projected to reach 67%, and the annual shipment growth rate of PCBs for optical modules at 800GbE and above reaching as high as 244%. Ben Chuan Intelligent's completion of customer verification and entry into small-batch supply at the 800G node has secured a critical time window for its entry into the AI computing power supply chain.
The company has currently completed multiple rounds of prototyping with 6 customers, of which 3 have entered the small-batch trial production stage, while the other 3 are still in the sample verification stage. This gradient distribution means that the company has initially established a first-mover verification advantage in the niche track of 800G optical module PCBs. Subsequent order conversion will depend on the volume ramp-up pace of downstream 800G optical modules and the company's own production capacity ramp-up speed. With the simultaneous advancement of technical pre-research and customer engagement for 1.6T products, the company is expected to extend this verification window advantage into the next-generation optical module PCB market.
This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com
