This paper describes the PCB drilling using an ultra high-speed air bearing spindle system and micro drill. For this research, we have developed the ultra high-speed air bearing spindle of 125,000 rpm and made an experiment for the application possibility in the PCB drilling. In order to estimate the drilling performance, we have investigated the size and damage of drilled hole, and the wear of drill at 90,000rpm. Results are as follows; we have confirmed the possibility in the PCB drilling of air bearing spindle. In case of micro-drilling PCB at $0.1mmsim0.3mm$, the increase in the number of drilling has resulted in a bigger size of holes and also a bigger size of damage. It has been found that the wear of micro drill tends to concentrate in the main cutting edge.