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TTM Technologies, Inc.

TTM DIGEST

SUMMER 2024 Issue

TTM Technologies, Inc.

Revolutionizing Industrial Operations with PCB Technology

Printed Circuit Boards (“PCB”s), including flexible and rigid-flex designs, have revolutionized the industrial market by boosting innovation and efficiency in manufacturing processes and machinery. They play a pivotal role in enabling a wide range of equipment, including manufacturing robots, control systems, and heavy-duty operational devices, to function seamlessly by effectively interconnecting various electronic components. The advancement in PCB technology has significantly enhanced the industrial sector, offering improved reliability, durability, and adaptability, which are crucial in scenarios demanding long-term dependability.


As the industrial sector moves towards more automated and intelligent manufacturing processes, PCB technology advancements have been crucial in meeting the growing demands for high-speed, high-frequency capabilities and miniaturization opportunities. The increasing need for sophisticated and resilient components in the industrial market has driven innovations in PCB manufacturing, leading to the development of boards capable of withstanding extreme conditions, supporting higher power densities, and aligning with eco-friendly and sustainable manufacturing practices. The continuous research and development in PCB technologies highlight a collective determination to meet and excel amid the evolving demands of the industrial sector, promising to redefine the limits of what's achievable in industrial operations.



At TTM Technologies (“TTM”), our global team of experts can confidently guide customers to achieve a seamless transfer from prototype to volume production of any size and at any time. As a worldwide leader in the industrial markets, our product knowledge is vast. We have worked with established OEMs and start-ups throughout the product lifecycle to bring innovative ideas to life. Connect with us today at www.ttm.com, where you can learn more about the markets we serve and access learning resources such as TTM Tech Academy.

Yours sincerely,



TTM Corporate Marketing

Monthly Highlights

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Press Release

TTM Technologies, Inc. Reports Fiscal Second Quarter 2024 Results

On July 31st, TTM reported results for the second quarter fiscal 2024, which ended on July 1, 2024.



Second Quarter 2024 Highlights

  • Net sales were $605.1 million
  • GAAP net income of $26.4 million, or $0.25 per diluted share
  • Non-GAAP net income was $40.1 million, or $0.39 per diluted share
  • Cash flow from operations was $41.9 million
  • Repurchased 1.39 million shares of common stock for $25.1 million at an average price of $18.09 per share
  • Anticipate close of the refinancing of $346.5 million of a senior secured term loan at an interest rate of SOFR + 2.25%
Details

Exhibition

TTM Technologies RF & Specialty at IMS 2024

Thank you to everyone who visited and showed interest in our Radio Frequency & Specialty components (“RF&S”) products at IMS 2024. We are thrilled with your response and look forward to bringing you more. You can visit www.ttm.com to find a distributor or reach out with any questions. CLICK HERE to see our full range of RF&S products.

RF&S Products
Browse RF&S Products
TTM Tech Academy

On-Demand Resources

Webinar Recordings

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TTM’s global team of engineers has created a series of webinars to provide insight and best practices regarding PCB and RF components manufacturing and emerging technology trends. Click here to view a list of On-Demand Webinars.

Access Webinar Recordings

End Market News

PCB & SEMICONDUCTOR

DIGITIMES | June 5, 2024

PCB production in Taiwan is expected to grow quarter by quarter, with an annual growth rate of 5–7%.

IPC | June 21, 2024

Total North American PCB shipments in May 2024 were down 6.8 percent compared to the same month last year. Compared to the preceding month, May shipments were down 16.5 percent.

DIGITIMES | June 28, 2024

After several quarters of continuous inventory adjustments, the microcontroller (MCU) industry has seen most companies' inventories bottom out.

AUTOMOTIVES

DIGITIMES | June 6, 2024

As the spotlight remains on direct sat-to-cell communication, industry insiders are eyeing a burgeoning opportunity in the automotive satellite market. The demand for precise positioning is driving a surge in satellite antenna requirements, igniting commercial prospects.

DIGITIMES | June 28, 2024

The global automotive market is expected to become cautiously optimistic in the third quarter of 2024 as uncertainties like the European Union's election and the bloc's provisional tariffs on Chinese EVs diminish.

MEDICAL

Medtech Dive | June 4, 2024

Venture capital investment in medtech rebounded in the first quarter, reaching the highest level since late 2022 even as deal counts remained historically low, according to a market data research firm.

Medical Device | June 28, 2024

Continuous monitors are beneficial for those with T2D or prediabetes who are managing their condition with lifestyle changes or oral medications.

INDUSTRIAL & INSTRUMENTATION

Electronics Weekly | June 11, 2024

Q1 semiconductor manufacturing equipment billings fell 2% YoY to $26.4 billion while QoQ billings dropped 6%

The Robot Report | June 14, 2024

Overall global industrial robot shipment volumes exceeded 500,000 units in 2023. The industry is starting to bounce back from a 2023 low point, according to the reports.

DATA CENTER & COMPUTING

DIGITIMES | June 4, 2024

India has surpassed Japan and Australia, becoming Asia's second-largest data center hub after China. Data center capacities in the country are expected to nearly double in the next two years.

DIGITIMES | June 12, 2024

After playing second fiddle to AI servers in the past year, general-purpose servers are now back in the limelight again, with many server manufacturers pointing to better-than-expected momentum in 2024.

NETWORKING & TELECOMMUNICATIONS

IEEE | June 11, 2024

Intelligence reports that 91 network operators, representing about 5 billion global connections (60% of the total mobile market), have partnered with satellite operators.

Dell’Oro | June 26, 2024

1Q 2024 worldwide Campus Switch revenues dropped by 23 percent YoY. Vendor backlogs of campus switch orders have now been completely run down, and the market is in a multi-quarter digestion cycle.

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