Ibiden to Invest ¥151 Billion in AI-Server IC Substrates
Ibiden announced an additional investment of about ¥151 billion to expand high-performance IC substrate capacity for AI servers at its Kawama plant and overseas factories. Equipment is planned to come online from fiscal 2029, when mass production of high-performance CPU substrates is expected to begin in stages. The company also raised its FY2026 consolidated revenue target to ¥565 billion and operating profit target to ¥133 billion.
Ibiden said IC substrate supply, including products needed by Nvidia, remains tight and that its continued expansion still cannot meet customer demand. Its CEO said IC substrates could become a bottleneck in semiconductor production, indicating that substrate availability is a potential constraint in the AI-server supply chain.
IC 載板將成為半導體生產的瓶頸？日本揖斐電（Ibiden）將追加投資、擴產 AI 伺服器用高效能 IC 載板，且因訂單增加，Ibiden 二度上修今年度財測預估。Ibiden 29 日大漲 2.03%，收 9,859 日圓，今年迄今股價累計狂飆約 193%。
Ibiden 29日公布財報新聞稿指出，受惠於AI伺服器用高附加價值產品的訂單增加，加上日圓貶值，今年度（2026年度、2026年4月-2027年3月）合併營收目標自原先（8月）預估的5,500億日圓上修至5,650億日圓（將年增35.8%）、合併營益目標自1,270億日圓上修至1,330億日圓（將年增114.4%）、合併純益目標自840億日圓上修至890億日圓（將年增39.7%）。此為Ibiden繼8月之後，第二度上修今年度財測預估。