| CPC H05K 1/115 (2013.01) [H05K 1/05 (2013.01); H05K 3/4038 (2013.01); H05K 3/445 (2013.01)] | 4 Claims |

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1. A circuit board, comprising:
a metal substrate, having a first through hole, and the first through hole having a first width;
a resin layer, and a portion of the resin layer disposed in the first through hole, wherein the resin layer has a second through hole, and the second through hole has a second width;
an insulating layer, disposed on at least one surface of the metal substrate, and a portion of the insulating layer contacting the resin layer;
a first conductive structure, disposed in the second through hole, and the first conductive structure penetrating through the metal substrate, wherein the first width is greater than the second width; and
a conductive layer, disposed on the insulating layer, wherein the first conductive structure is disposed on the conductive layer, and the conductive layer is located between the insulating layer and the first conductive structure.
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