Shenghong Technology & NVIDIA
How a Chinese circuit board manufacturer became NVIDIA's most critical PCB supplier — and what it signals for the global AI hardware industry.
#1Global AI PCB market share, Q1 2025>50%GB200/GB300 server PCB allocation+339%Net profit growth YoY, Q1 2025¥10B+2025 projected NVIDIA revenue
From Circuit Board Maker to AI Hardware Backbone
Shenghong Technology (胜宏科技), founded in 2003 in Huizhou, Guangdong, spent years as an unremarkable name in China's crowded PCB industry. Everything changed when CEO Chen Tao placed a bold bet in 2019 — establishing a dedicated High-Density Interconnect (HDI) division focused exclusively on AI compute and data-center applications. That decision compounded quietly for years, then paid off spectacularly.
Partnership Milestones
2020First entry into the NVIDIA supply chain — initial PCB qualification approved.2023H-series certification — selected for the NVIDIA H100 AI accelerator card PCB supply chain.Q4 2024GPU200 certified — passed NVIDIA's Blackwell-generation product qualification.Early 2025Promoted to Tier-1 Core Supplier — the highest strategic designation in NVIDIA's global supply chain.May 2025Computex supplier dinner — the only mainland Chinese company personally invited by Jensen Huang to celebrate Blackwell mass production.
What Makes Shenghong Irreplaceable
This is not a cost story — it is a technology story. Three capabilities set Shenghong apart in the high-end PCB market:
6-stage, 24-layer HDI PCB manufacturing — One of only a handful of global suppliers capable of producing this advanced multi-layer board at mass-production yield. A core technical barrier competitors cannot easily replicate.
Co-developed "Dynamic Impedance Regulation" technology — Jointly engineered with NVIDIA, this proprietary solution optimizes GPU power delivery efficiency in AI server configurations. Joint IP at supplier level is exceptionally rare.
Laser drilling precision & yield control — In high-performance computing PCBs, defect tolerance is near zero. Shenghong's process control earned it exclusive-supplier status on NVIDIA's GB300 OAM module 5-stage HDI board.
The GB200 server accelerator PCB Shenghong produces carries a per-unit value 5–8× higher than a conventional server board. For GB300, Shenghong supplies 30–40% of total PCB content per system as sole-source vendor.
Key PCB Technologies in Focus
High-Density Interconnect (HDI)
Multi-layer PCB (24L+)
Impedance Control
Laser Drilling
High-Speed Signal PCBAI
Accelerator Card PCB
Server Backplane PCB
OAM Module Board
Global Customer Ecosystem
Beyond NVIDIA, Shenghong's roster spans the entire technology landscape — 60%+ of revenue from overseas. Key customers include AMD, Intel, Microsoft, Google, Amazon, Tesla, BYD, Bosch, and Continental. Its automotive PCB line alone delivered over 20 million boards to Tesla in 2024.
The Bigger Picture
The Shenghong–NVIDIA story is a blueprint for what the AI era demands from the PCB industry: not just volume production, but deep technical co-development, tight process control, and the courage to invest in advanced interconnect technology years before the market arrives. For global buyers and supply chain professionals, this partnership redefines what a world-class PCB supplier looks like in 2025.
Guangzhou Ming'en Electronics Co., Ltd.
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