PCB Supply Chain Shadow War: China's Hidden Power Seen Through Nvidia's 70% Reliance

A set of data is worth noting: Shenghong Tech provides high-end PCBs required for NVIDIA's AI servers, accounting for up to 70% of their supply. Globally, Chinese PCB companies hold about 60% of the market share. When Wall Street analysts start frequently mentioning a company from Huizhou, Guangdong in their research reports on NVIDIA, this is no longer just a simple supply chain story, but a microcosm of the shift in manufacturing power.