CITIC Securities: Computing Power hardware iteration, high-frequency high-speed resin acceleration higher trade volumes

On January 22nd, Jin10 Data reported that CITIC Securities research report pointed out that AI is rising strongly, and Computing Power demand continues to rise. Overseas leading companies' Computing Power products have entered a period of higher trade volumes, and the continuous iteration of Computing Power products has driven the increase in hardware shipments and level requirements. As a core link, the material performance requirements of PCB need to be improved. High-frequency and high-speed resins such as PPO and BMI will accelerate higher trade volumes. Looking forward to the direction of technological iteration, electronic resins with better dielectric properties such as hydrocarbon resins and polytetrafluoroethylene resins are expected to become new development directions.