KCE Electronics PCL stock faces headwinds amid slowing electronics demand and supply chain shifts KCE Electronics PCL, a leading Thai printed circuit board (PCB) manufacturer, continues to navigate a challenging landscape in the global electronics supply chain. The company, listed on the Stock Exchange of Thailand (SET) under ISIN TH0237010005, specializes in high-density interconnect boards used in automotive, consumer electronics, and industrial applications. Over the past week, shares have faced downward pressure amid reports of softening demand from key markets in Asia and Europe. For US investors, KCE offers indirect exposure to the semiconductor and EV boom without direct bets on chipmakers like Nvidia or TSMC. Recent quarterly results highlight margin compression despite steady revenue. KCE Electronics reported its Q4 2025 results earlier this month, showing revenue growth of around 5% year-over-year but with gross margins contracting to approximately 22% from 25% a year prior. This squeeze stems from higher raw material costs, particularly copper and laminates, which have risen due to global supply disruptions. Net profit dipped slightly, missing analyst expectations set by local brokers. On the SET, the KCE Electronics PCL stock last traded at about 78 THB, down 3% in the session following the earnings release. Management attributed the margin pressure to elevated energy costs in Thailand and competitive pricing in the high-volume automotive PCB segment. Capacity utilization stood at 75%, below peak levels seen in 2024, indicating underutilized plants in Rayong and other facilities. Orders from Japanese automakers, a core revenue stream, grew modestly, but consumer electronics demand weakened post-holiday season.#thailand #western_digital #foxconn #kce_electronics_pcl #stock_exchange_of_thailand
NVIDIA and SAP Collaborate to Drive Enterprise AI Innovation Companies globally rely on SAP applications to manage their operations, with 84% of global commerce involving these systems. As businesses seek to modernize their digital infrastructure, SAP and NVIDIA are working together to integrate advanced AI technologies into enterprise workflows, enabling automation and intelligent decision-making across complex business processes. This partnership aims to help organizations transition to cloud-based environments and leverage AI to unlock new capabilities in their operations. The collaboration focuses on modernizing SAP systems to support AI-driven transformation. By embedding intelligence into business processes, companies can automate tasks and execute increasingly complex operations. This requires technologies that integrate seamlessly with existing systems, operate reliably in mission-critical environments, and meet strict governance standards. SAP and NVIDIA’s joint efforts aim to accelerate this transition by combining NVIDIA’s AI expertise with SAP’s deep business context and enterprise applications. A key component of this partnership is the development of enterprise-grade AI models tailored for SAP environments. NVIDIA’s NeMo™ platform, which includes tools like NeMo Gym and NeMo RL, is being used to train large-scale AI models efficiently. These models are then applied to SAP systems to address modernization challenges, such as updating legacy business logic embedded in SAP applications. For example, SAP has developed SAP-ABAP-1, a foundation model trained on real-world ABAP code and business logic. This model includes specialized tools like StarCoder2 for code completion and Codestral for deeper code analysis, enabling developers to interpret and update decades-old systems more effectively.#nvidia #nvidia_gtc #sap #foxconn #sap_abap_1
