With the automotive industry rapidly evolving, TTM Technologies (“TTM”) is at the forefront of this transformation, including automotive smart antennas...
With the automotive industry rapidly evolving, TTM Technologies (“TTM”) is at the forefront of this transformation, including automotive smart antennas. With projections indicating that the Automotive Smart Antenna Market will reach USD 5.2 billion by 2030, TTM's expertise in printed circuit boards and electromechanical components positions it perfectly to support automotive manufacturers navigating these shifting tides. TTM enables manufacturers to enhance connectivity, cybersecurity, and overall vehicle intelligence by focusing on high-quality materials and tailored solutions.
A recent collaboration with a tier-1 automotive electronics company illustrates TTM's commitment to overcoming challenges in this competitive landscape. By producing a 6-layer Rigid High-Density Interconnect Intelligent Antenna Module, TTM has not only addressed critical demands such as component density and technology integration but has also solidified trust with its partners through excellent support and timely delivery. This strong partnership demonstrates how effective collaboration and investment in advanced capabilities can lead to significant advancements in automotive technology. Read the full blog here to learn more about how TTM is shaping the future of automotive electronics. You can also explore our other post on how TTM drives growth through innovation by visiting our blog section here.
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TTM Corporate Marketing
Monthly Highlights
TTM Technologies, Inc. Reports Third Quarter 2024 Results
On October 30th, TTM reported results for the third quarter 2024, which ended on September 30, 2024.
Third Quarter 2024 Highlights
Net sales were $616.5 million
GAAP net income of $14.3 million, or $0.14 per diluted share
Non-GAAP net income was $42.7 million, or $0.41 per diluted share, inclusive of a $17.8 million pre-tax, non-operational, foreign exchange loss
Cash flow from operations was $65.1 million, or 10.6% of sales
Thank you to everyone who visited us during Electronica 2024
If you weren’t able to arrange a visit but would like to learn how TTM is powering the next generation of electronics, you can contact us here.
Successful REACH ERG Volunteer Event at Cadence Care Network
Recently, members of our Resources for Employees Acting Charitably at Home (“REACH”), employee resource group (“ERG”) hosted its first event at Cadence Care Network, a non-profit organization that encompasses various agencies focused on mental and behavioral health, as well as developmental disabilities.
REACH members along with their family and friends, volunteered to landscape two Campus of Care buildings. One building hosts the Bridges Program, supporting about 90 young adults transitioning from foster care, while the other is the Care Management Entity, aiding around 700 children and caregivers with complex needs. REACH is committed to community involvement and inclusivity. Thank you to the REACH ERG for a successful event!
Events
December 4-6, 2024 | Shenzhen World Exhibition & Convention Center (Bao’an), China
HKPCA Show 2024
Stop by and see us at HKPCA 2024 this week! This is one of the largest international exhibitions in the PCB and electronic assembly industry. This event is filled with inspiration, networking, and opportunities to expand your horizons.
Event: International Electronics Circuit Exhibition (Shenzhen) Date: Dec 4-6, 2024 Location: Shenzhen World Exhibition & Convention Center (Bao’an), China Booth Number: 7D20, Hall 7
On-Demand Resources
In case you missed it, TTM recently hosted a webinar on Impedance Control and Stack-ups Fundamentals. This webinar explains impedance structures (basic level) and shows how stack-ups are built and their impact on impedance. Click the below button to access this recording and more!
Although AI has become a major highlight for consumer electronics vendors in 2024 after more than two years of sluggish market performance, actual sales numbers have yet to reflect the hype.
The semiconductor industry is currently grappling with insufficient capacity due to a recent surge in global demand. This has prompted major players to explore alternatives, consequently drawing related industries towards the high-margin semiconductor sector.
Total North American PCB shipments in September 2024 were down 24.1 percent compared to the same month last year. Compared to the preceding month, September shipments were down 23.8 percent.
The pace of conventional automakers in Europe and the US adopting automotive electronic and electrical architectures (EEA) lags behind that of emerging automakers and Chinese manufacturers. This is heaping pressure on their tier-1 suppliers.
European automakers have long struggled with the influx of low-cost Chinese electric vehicles (EVs), but their challenges are intensifying. Now, they face the dual pressure of stringent new carbon dioxide (CO2) emissions targets imposed by the European Union (EU) and retaliatory actions from China in response to EU trade restrictions.
The event comes at a pivotal moment in the medical device industry. The Food and Drug Administration is seeking a new director for its Center for Devices and Radiological Health as the former leader faces questions about conflicts of interest. New regulations governing laboratory developed tests are also being challenged in court ahead of a U.S. presidential election.
The Industry 5.0 revolution is unlike any manufacturing revolution before. We aren’t waiting for a single technological breakthrough such as the steam engine, the assembly line, the computer. The evolution of Industry 5.0 signifies a huge industrial shift towards humans; it’s even been described as a human-centric complement to Industry 4.0.
Optical or magnetic sensor technologies tend to have difficulties combining high accuracy and contamination resistance. However, inductive sensing technology can provide reliable and robust position-sensing capabilities for multiple industrial applications.
Increased shipments and new product launches from AI chip leader have driven a surge in September sales for AI server ODMs and will continue to drive ODMs growth in Q4.
Sovereign AI involves handling large amounts of sensitive data related to national interests. Therefore, hardware equipment such as AI servers that assist in computation must meet security requirements, driving a growing demand for the local production of AI servers.
Worldwide telecom capex declined 10% YoY in 1H24, due to built-up inventory, weaker demand in China, India, and the US, challenging 5G comparisons, excess capacity, and elevated uncertainty.
Following a 40% to 50% revenue growth between 2017 and 2021, the RAN market faces a second consecutive year of steep declines. While the pace of decline is expected to moderate after 2024, downward pressure will likely persist until 6G becomes a reality.
Talk to us directly?
If you have a tech idea in mind, looking for quotation, or seeking for technical support, you are on us now!
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