JIC Leasing recently provided financial leasing services to a leading enterprise in the PCB industry, in order to support a PCB production line expansion project.

PCBs are an important electronic component which ensure the electrical interconnection of other electronic components. Almost every kind of electronic device, from electronic watches and calculators to computers and communication electronics, will remain dependent on PCBs for as long as electronic components such as integrated circuits are in mainstream use.

The company specializes in multi-layer high-density PCBs for high-end smartphones, communications, wearable devices and other applications. With an annual output of 24 million square feet of multi-layer high-density PCB, 7.2 million feet of FPC and soft-hard combined circuit boards, the enterprise was one of China’s Top 100 Electronic Circuit Enterprises in 2021.

Thanks to the transfer of global PCB production capacity to China, and due to increased demand from the rapidly developing downstream electronic terminal manufacturing industry, China’s PCB industry as a whole is showing a relatively fast development trend. China’s PCB market is growing rapidly, spurred by strong demand in downstream sectors such as communication electronics, computers, consumer electronics, automotive electronics, industrial control, medical devices, defense and aerospace. In 2021, the market size of China’s PCB industry exceeded USD 43 billion, increasing by about 24.5% year-on-year. With the rapid development of 5G, big data, artificial intelligence, the Internet of Things and other industries, as well as industrial supporting facilities and cost advantages, the market size of China’s PCB industry will continue to grow.

To service China’s strategy of becoming a powerful country in science and technology, JIC Leasing has followed up in the consumer electronics, electronic manufacturing and information services segments, focusing on breakthroughs in core industrial technologies and the upgrading of infrastructure. In this way, it has contributed to the development of China's information technology industry by serving the real economy through finance.