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Amber Enterprises’ subsidiary Ascent Circuits has signed a strategic cooperation with Germany’s Schweizer Electronic AG to jointly serve automotive and industrial PCB customers

ICICIdirect Research 29 Jun 2026 DISCLAIMER

News: Amber Enterprises’ subsidiary Ascent Circuits has signed a strategic cooperation with Germany’s Schweizer Electronic AG to jointly serve automotive and industrial PCB customers. The partnership will initially focus on standard PCB applications while preparing a phased roadmap for advanced multilayer and HDI PCBs as Ascent expands its manufacturing capabilities in India. Seperately, Amber conducted the groundbreaking ceremony for its two advanced manufacturing facilities at YIEDA, Jewar, UP. The projects comprise a 16-acre advanced HDI PCB manufacturing facility by Ascent-K Circuits, approved under the ECMS, and a 100-acre ultra-mega AC manufacturing facility to be developed in phases

View: Schweizer Electronic AG is a Germany-based premium manufacturer of high-end printed circuit boards (PCBs) with over 175 years of history, catering primarily to the automotive, industrial and high-reliability electronics segments. The company is known for its expertise in advanced PCB technologies, including power electronics, multilayer and HDI PCBs, and supplies leading global automotive OEMs and Tier-1 suppliers. The collaboration is expected to accelerate Ascent’s roadmap towards multilayer and HDI PCBs, enhance export opportunities to Europe and the US, and strengthen Amber’s positioning in the global high-value PCB supply chain. Seperately, the groundbreaking marks a key execution milestone for Amber’s previously announced ~₹4,200 crore PCB manufacturing expansion, with ~₹3,200 crore earmarked for the advanced HDI PCB facility at Jewar. The project is expected to strengthen Amber’s backward integration into the high-value, import-dependent PCB segment. Successful execution should diversify Amber’s revenue mix beyond RACs and strengthen its EMS capabilities

Impact: Positive

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