Xinqi Micro Equipment Says High-End PCB Orders Stay Full in H2

The signal here is less about Xinqi itself than about the capex pipeline feeding AI hardware: a domestic equipment supplier describing full high-end PCB order books and advanced packaging tools moving into verification suggests capacity expansion is still being funded rather than deferred. That matters for substrate and packaging supply chains, where equipment lead times often precede visible output. The open question is whether the demand the chairman attributes to AI servers next year converts into orders, or stays an expectation.