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On November 6, 2026, Masaharu Nakayama, Executive Officer of Panasonic Holdings Corporation and Group Chief Representative for China and Northeast Asia, stated at the 9th China International Import Expo that Panasonic has established three major business areas in China: AI infrastructure, advanced manufacturing, and healthy smart living spaces. In response to AI infrastructure demand, Panasonic plans to double the global production capacity of its high-performance multilayer substrate material MEGTRON by 2030, with additional investment of approximately 2.2 billion yuan in its two major bases in Guangzhou and Suzhou; the first phase of the new electronic materials plant in Suzhou will begin mass production in December, and the second phase is expected to start production in August 2028. This statement is currently reported by Sina Tech, and no other sources have cross-verified it.
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Nov 6
China.com Technology
Panasonic Showcases AI Component Layout at CIIE: MEGTRON Substrate Material Global Capacity to Double by 2030
At the 9th China International Import Expo (CIIE), Panasonic made AI infrastructure components its core exhibition area, with its flagship product being the high-performance multilayer substrate material MEGTRON, and it plans to double its global capacity by 2030. Panasonic has invested a total of approximately 2.2 billion yuan across its two major bases in Guangzhou and Suzhou; the first phase of the new Suzhou factory was completed in June this year and will begin mass production in December, while the second phase is expected to start production in August 2028. Panasonic's China Northeast Asia region recorded sales of 2 trillion yen in fiscal 2025, accounting for 24% of the group's global total.
Sina Tech
Panasonic's Masaharu Nakayama: Establishing Three Major Business Areas in China — AI Infrastructure, Advanced Manufacturing, and Healthy Smart Living Spaces
Masaharu Nakayama, Executive Officer of Panasonic Holdings and Group Chief Representative for China and Northeast Asia, said at the 9th China International Import Expo that Panasonic has established three major business areas in China: AI infrastructure, advanced manufacturing, and healthy smart living spaces. In response to AI infrastructure demand, Panasonic plans to double the global production capacity of its high-performance multilayer substrate material MEGTRON by 2030, with additional investment of approximately 2.2 billion yuan in its two major bases in Guangzhou and Suzhou; the first phase of the new electronic materials plant in Suzhou will begin mass production in December, and the second phase is expected to start production in August 2028.