TTM Technologies
TTM Technologies is a United States-based manufacturer of printed circuit boards and radio-frequency and specialty components for defense, aerospace, medical, industrial, automotive, computing, and networking customers.
Last updated August 26, 2026
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Overview
TTM Technologies, Inc. is an American electronics manufacturing company headquartered in Santa Ana, California. Its principal business is the manufacture of printed circuit boards (PCBs), together with radio-frequency and specialty microelectronics used in communications, computing, medical equipment, industrial systems, vehicles, aircraft, spacecraft, and defense platforms. The company serves original-equipment manufacturers, defense contractors, and other technology companies, often as a subcontractor or component supplier rather than as a consumer-facing brand. The company was established in 1998 by Kent Alder in Redmond, Washington, through the acquisition of Pacific Circuits. It moved its headquarters to Santa Ana in 1999 after acquiring Power Circuits. TTM initially concentrated on PCBs for routers, switches, servers, and memory modules, with early customers including General Electric, Motorola, and Solectron. Its public-market profile began with an initial public offering on Nasdaq in 2000. TTM expanded substantially through acquisitions. The 2002 purchase of Honeywell Advanced Circuits added a large Chippewa Falls, Wisconsin facility and broadened the customer base to companies such as Cisco, Sun Microsystems, and IBM. The 2006 acquisition of Tyco Printed Circuit Group brought specialized printed-circuit capabilities for aerospace and defense. In 2010, the purchase of Hong Kong-based Meadville Printed Circuit Group extended TTM's presence in Asia and added technologies used in smartphones and tablets. These transactions transformed TTM from a comparatively focused North American PCB producer into a multinational manufacturer. Further expansion came through the 2015 acquisition of Viasystems Group, which strengthened automotive capabilities and enlarged the aerospace and defense business. In 2018, TTM bought Anaren, adding high-frequency radio and microwave microelectronics for space, defense, and telecommunications applications. The company also acquired intellectual-property assets from i3 Electronics in 2019, particularly technology for very fine circuit lines and spacing. TTM subsequently reshaped its portfolio. In 2020 it sold its mobile-device business unit in China to AKM Meadville Electronics and closed its commercial assembly business unit, also in China. These actions reduced exposure to portions of the mobile and assembly markets while emphasizing higher-value and more specialized manufacturing. In 2022, TTM acquired Telephonics Corporation from Griffon Corporation, increasing its presence in aerospace and defense electronics, including communications and surveillance-related systems. The company organizes its business around end markets rather than consumer product brands. Based on the cited 2023 breakdown, aerospace and defense represented approximately 45 percent of revenue, medical and industrial 17 percent, automotive 16 percent, data-center computing 14 percent, and networking 8 percent. TTM was described as one of the world's five largest PCB manufacturers by revenue and the largest PCB manufacturer in North America. It was also identified as the largest supplier of PCBs to the United States military, primarily through subcontracting relationships. TTM's manufacturing and engineering network spans North America and Asia, with corporate offices and facilities in the United States, Canada, China, Hong Kong, India, Japan, Malaysia, and Taiwan. Its capabilities include rigid, flexible, and specialized printed-circuit technologies, as well as RF and microwave components. The company is active in markets where qualification requirements, reliability, security, advanced materials, and production scale are important. Its position is therefore based less on public brand recognition than on engineering capability, manufacturing breadth, customer qualification, and participation in complex supply chains.
History
TTM Technologies was founded in 1998 by Kent Alder in Redmond, Washington, through the acquisition of Pacific Circuits. Alder had previously held senior roles at Lundahl Astro Circuits, ElectroStar, and the Tyco Printed Circuit Group. The company moved to Santa Ana, California, in 1999 after acquiring Power Circuits. TTM's initial focus was printed circuit boards for routers, switches, servers, and memory modules. Its early customers included General Electric, Motorola, and Solectron. The company went public on Nasdaq in 2000, providing a platform for subsequent consolidation in the fragmented PCB industry. In 2002, TTM acquired Honeywell Advanced Circuits for approximately $2 million. The deal added a 281,000-square-foot facility in Chippewa Falls, Wisconsin, described as the largest PCB manufacturing facility in the United States at the time, and brought relationships with Cisco, Sun Microsystems, and IBM. In 2006, TTM purchased the Tyco Printed Circuit Group for approximately $226 million. That transaction added specialized circuit-board production oriented toward aerospace and defense. The 2010 acquisition of Meadville Printed Circuit Group, headquartered in Hong Kong, cost approximately $521 million and substantially enlarged TTM's Asian presence. It also broadened the company into PCBs for smartphones and tablets. Tom Edman became president in 2013 and succeeded Alder as chief executive in 2014 when Alder retired. TTM acquired Viasystems Group in 2015 for approximately $950 million. The deal brought a significant automotive business and further expanded the aerospace and defense portfolio. In 2018, TTM acquired Anaren for approximately $775 million, adding high-frequency radio and microwave microelectronics for space, defense, and telecommunications applications. In 2019, it acquired selected intellectual-property assets from i3 Electronics, focusing on advanced fine-line circuit technology. The company adjusted its business mix in 2020. It sold a mobile-device business unit consisting of four Chinese facilities to AKM Meadville Electronics for approximately $550 million and closed a commercial assembly unit comprising three Chinese facilities. The moves reduced exposure to mobile-device and commercial assembly operations while concentrating resources on specialized PCB and electronics markets. In 2022, TTM acquired Telephonics Corporation from Griffon Corporation for approximately $330 million. This strengthened its aerospace and defense presence and added specialized communications and related electronics capabilities. By the period described in the reference material, TTM operated across North America and Asia and served aerospace and defense, medical and industrial, automotive, data-center computing, and networking customers. TTM's later business profile is notably diversified by application but concentrated in technically demanding markets. Aerospace and defense accounted for the largest reported share of 2023 revenue, followed by medical and industrial, automotive, data-center computing, and networking. The company is recognized primarily as an infrastructure and supply-chain brand: its products are embedded in larger systems and are generally not sold to consumers under the TTM name.
- 2022
Telephonics Corporation acquisition
[1]The purchase reinforced TTM's aerospace and defense electronics portfolio.
- 2020
Mobile-device business divestiture and assembly closure
[1]TTM sold its Chinese mobile-device unit and closed its commercial assembly unit in China.
- 2019
i3 Electronics intellectual-property acquisition
[1]TTM acquired technology supporting very fine circuit lines and spacing.
- 2018
Anaren acquisition
[1]The deal added RF and microwave microelectronics for space, defense, and telecommunications.
- 2015
Viasystems Group acquisition
[1]TTM entered or significantly expanded its automotive business and increased its overall manufacturing scale.
- 2014
Leadership succession
[1]Edman became chief executive following Alder's retirement.
- 2013
Tom Edman becomes president
[1]Tom Edman succeeded Kent Alder as president.
- 2010
Meadville Printed Circuit Group acquisition
[1]The acquisition expanded TTM's Asian footprint and mobile-device PCB capabilities.
- 2006
Tyco Printed Circuit Group acquisition
[1]TTM expanded into specialized PCB production for aerospace and defense.
- 2002
Honeywell Advanced Circuits acquisition
[1]The transaction added a large Chippewa Falls facility and expanded TTM's computing and networking customer base.
Products and positioning
A multinational, engineering-led PCB and specialty electronics manufacturer positioned around high-reliability, technically complex, and qualification-intensive applications. TTM emphasizes aerospace and defense, RF and microwave technology, automotive systems, medical and industrial equipment, data-center computing, and networking rather than direct-to-consumer products.
Electronic components · 1998
Printed circuit boards
TTM's core offering is the manufacture of printed circuit boards used to interconnect and support electronic components. Its boards serve computing, networking, automotive, industrial, medical, aerospace, and defense systems. The company competes through manufacturing scale, engineering support, reliability, customer qualification, and the ability to produce specialized boards for demanding operating environments.
Radio-frequency electronics · 2018
RF and microwave microelectronics
These products support high-frequency radio, microwave, communications, radar-related, space, defense, and telecommunications applications. The capability was strengthened through the acquisition of Anaren and complements TTM's PCB manufacturing with specialized electronic technologies for high-frequency systems.
Aerospace and defense electronics · 2006
Aerospace and defense electronics
TTM supplies high-reliability circuit boards and specialty electronics to aerospace and defense customers, including through subcontracting relationships. The business was expanded through the Tyco Printed Circuit Group, Viasystems, Anaren, and Telephonics transactions and includes products intended for qualification-intensive military and aerospace systems.
Automotive electronics · 2015
Automotive PCB solutions
TTM's automotive offering consists of printed-circuit and related electronic manufacturing capabilities for vehicle systems. The company's position in this market was materially expanded through the 2015 acquisition of Viasystems Group, which added automotive customers and facilities.
Advanced PCB technology · 2019
Fine-line circuit technology
TTM acquired i3 Electronics intellectual-property assets in 2019 to strengthen its ability to produce very fine printed lines and spacing. The technology was described as supporting line-and-space dimensions down to 25 microns and is relevant to increasingly dense electronic designs.
Brand decisions
2022
Acquire Telephonics CorporationM&ABackground
TTM sought to reinforce its aerospace and defense electronics portfolio.
Action taken
It acquired Telephonics Corporation from Griffon Corporation.
Aftermath
TTM expanded its specialized aerospace and defense operations and related electronics capabilities.
Acquisition price. 330000000 (2022)
2020
Restructure mobile-device and commercial assembly operationsStrategyBackground
TTM reassessed its exposure to mobile-device manufacturing and commercial assembly in China.
Action taken
It sold its mobile-device business unit, comprising four Chinese facilities, and closed a commercial assembly unit consisting of three Chinese facilities.
Aftermath
The actions reduced those activities and sharpened the company's emphasis on specialized PCB and electronics markets.
Mobile-device business sale price. 550000000 (2020)
2018
Acquire AnarenM&ABackground
TTM sought high-frequency electronics capabilities for space, defense, and telecommunications.
Action taken
It acquired Anaren.
Aftermath
The transaction added RF and microwave microelectronics to TTM's portfolio.
Acquisition price. 775000000 (2018)
2015
Acquire Viasystems GroupM&ABackground
TTM aimed to expand its manufacturing footprint and enter or strengthen its automotive business.
Action taken
It acquired Viasystems Group.
Aftermath
TTM gained substantial automotive capabilities and further enlarged its aerospace and defense operations.
Acquisition price. 950000000 (2015)
2010
Acquire Meadville Printed Circuit GroupM&ABackground
TTM pursued international scale and increased exposure to Asian electronics production and mobile devices.
Action taken
It acquired Hong Kong-based Meadville Printed Circuit Group.
Aftermath
The deal expanded the Asian footprint and added smartphone and tablet PCB activity.
Acquisition price. 521000000 (2010)
2006
Acquire Tyco Printed Circuit GroupM&ABackground
TTM wanted to broaden its specialized PCB capabilities and its presence in aerospace and defense.
Action taken
It acquired the Tyco Printed Circuit Group.
Aftermath
TTM gained additional specialized production and a stronger aerospace and defense position.
Acquisition price. 226000000 (2006)
2002
Acquire Honeywell Advanced CircuitsM&ABackground
TTM sought additional manufacturing capacity and stronger access to computing and networking customers.
Action taken
It acquired Honeywell Advanced Circuits and its Chippewa Falls, Wisconsin facility.
Aftermath
The transaction added a major United States production site and customer relationships including Cisco, Sun Microsystems, and IBM.
Acquisition price. 2000000 (2002)
Recent events
- Unconfirmed
Reported
TTM Technologies completes acquisition of ILFA[2]
TTM Technologies completed its acquisition of ILFA, a Hanover-based PCB manufacturer. The deal gives TTM a European manufacturing base for high-reliability PCBs; ILFA will continue to focus on aerospace and defence PCBs as part of TTM.
Reported
TTM Technologies updates 2026 earnings guidance[3]
TTM Technologies updated its fourth-quarter 2026 earnings guidance, providing EPS guidance of 1.770–1.830 and revenue guidance of $1.4 billion. It also updated its FY 2026 EPS guidance to 4.970–5.030.
Reported
TTM Technologies reports quarterly earnings[4]
TTM Technologies announced its quarterly earnings data, reporting earnings per share of $1.46 and revenue of $1.20 billion for the quarter.
- Unconfirmed
Reported
TTM Technologies to acquire Epiq Solutions for USD 1.1 billion[5]
TTM Technologies has entered into a definitive agreement to acquire Epiq Design Solutions, a provider of software-defined radios, high-performance RF products and space compute solutions for defence and signals intelligence applications, for an all-cash purchase price of USD 1.1 billion. The deal is expected to be immediately accretive to TTM's adjusted EBITDA margin and accretive to non-GAAP diluted earnings per share during 2028, with financing committed from JPMorgan, Bank of America and Barclays. No closing timeline was specified.
Reported
TTM receives IPC Asia Talent Development Award[6]
TTM Technologies received IPC’s Asia Talent Development Award at the IPC CEMAC 2021 annual conference. The award recognized its Asia internship program, developed in partnership with IPC.
Sources7 sources
- 1TTM Technologiesen.wikipedia.org
- 2TTM Technologies完成对ILFA的收购evertiq.com
- 3TTM Technologies更新2026年业绩指引tickerreport.com
- 4TTM Technologies公布季度业绩dailypolitical.com
- 5TTM Technologies 将以 11 亿美元收购 Epiq Solutionsevertiq.com
- 6TTM获得IPC亚洲人才发展奖iconnect007.com
- 7TTM Technologies (NASDAQ:TTMI) Announces Q4 2026 Earnings Guidancethemarketsdaily.com
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