SHENZHEN -- Kinwong Electronic plans to invest CNY700 million ($96 million) in a new printed circuit board production site in Thailand, joining a host of other board fabricators migrating to or expanding in Southeast Asia to mitigate the potential impacts of trade wars between the US and China.
The site, to be located in Prachinburi province, will be built in phases depending on market needs and the company's finances, the firm said.
Kinwong joins Shenzhen Jove PCB, Huizhou China Eagle Electronic Technology, Aohong Electronics, ASKPCB, Yahao, Shengyi and several other PCB fabricators and suppliers among those that have announced plans to expand in Thailand.
Kinwong was the world's 15th-largest PCB supplier by revenue in 2022, with sales of more than $1.56 billion, according to the latest NTI-100 list, to be announced by PCD&F next month.
PCB West, Engineering Tomorrow’s Electronics
September 19-22, 2023