-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
SCHWEIZER Reorganizes China Business
December 26, 2022 | SCHWEIZEREstimated reading time: 2 minutes
Schweizer Electronic AG successfully concluded negotiations to sell around 57% of the shares in its subsidiary Schweizer Electronic (Jiangsu) Co., Ltd. based in Jintan/China (SEC) to WUS Printed Circuit (Kunshan) Co., Ltd. based in Kunshan/China (WUS). WUS currently holds a stake of around 13% in SEC and will hold 70% of the shares in SEC upon closing of the transaction. WUS has been SCHWEIZER's most important strategic partner since 2014 and has held a direct stake in Schweizer Electronic AG since then.
SEC will continue to be an essential part of the SCHWEIZER group strategy despite the change in the shareholding structure. This step enables SCHWEIZER to offer customers high-tech products from China in addition to the German production site, as it did previously and irrespective of the changed shareholding structure in SEC. To this end, we are pursuing an intensive technological cooperation with WUS to manufacture the chip embedding p²-Pack and technologically sophisticated printed circuit boards for SCHWEIZER at the Jintan site as planned. This cooperation with WUS has already proven its worth in the field of high-frequency printed circuit boards in the past, where SCHWEIZER already generates almost 30 percent of group sales.
For SCHWEIZER, this reorganization means a transition to a ‘Fab Light Concept’. This involves an even stronger focus of the company on developing new high-tech printed circuit boards and embedding technologies, an even better penetration of the mobility market with a focus on Europe and North America, the development of new market segments and the expansion of the service portfolio.
SCHWEIZER continues to focus on the production site in Schramberg, following the trend towards increased local value creation and supply chain security and also to be able to serve larger, technologically demanding volumes from Europe.
The transaction will significantly strengthen SCHWEIZER's financial solidity and reduce risks by lowering fixed costs significantly. This step is also in line with the changing global political environment. We expect that the intensified strategic and operational cooperation with WUS will leverage valuable synergy potentials in the areas of procurement, financing and administration for the Chinese site, which will further improve the competitiveness of SCHWEIZER technologies. Furthermore, we will pursue close cooperation with WUS in the Asian and Chinese markets in order to benefit from their exceptionally well-established network, especially in the mobility segment. From this, we expect increased visibility and penetration of our p²-Pack technology in the dynamically growing e-mobility market in China.
WUS subsequently intends to carry out a capital increase at the Jintan site, which will provide SEC with sufficient funds to ensure further growth investments without restrictions. WUS's share in SEC will increase to approx. 80 % as a result.
Suggested Items
IDTechEx Discusses Low-Loss Materials: The Enabler of Future Connected Vehicles?
05/06/2024 | IDTechExFuture connected vehicles will offer future drivers a safer, smoother, and more convenient driving experience. Not only will drivers get access to more navigation and entertainment options, but they will also gain access to safety technologies that will potentially reduce accidents, improve congestion, and reduce emissions globally by allowing vehicle safety systems to communicate with each other and with city traffic infrastructure.
HBM Prices to Increase by 5–10% in 2025, Accounting for Over 30% of Total DRAM Value
05/06/2024 | TrendForceAvril Wu, TrendForce Senior Research Vice President, reports that the HBM market is poised for robust growth, driven by significant pricing premiums and increased capacity needs for AI chips.
Tablet Shipments Show Signs of Recovery in Q1 2024
05/06/2024 | IDCAfter more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24), totaling 30.8 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Real Time with… IPC APEX EXPO 2024: Direct Imaging Equipment and Quad-wave DLP Light Engine Technology
05/03/2024 | Real Time with...IPC APEX EXPOGuest Editor Kelly Dack and MivaTek's Brendan Hogan delve into the company's innovative technologies, including direct imaging equipment and quad-wave DLP light engine technology. They highlight the benefits of direct imaging, compensation, and DART technology.