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For 2024, how would you describe your economic outlook for the industry and your company's business outlook? What are you optimistic about? What are you worried about?
In 2023, some of our largest customers were impacted by economic downturns or labor strikes that impacted their needs for our services. We saw the end of those issues in late Q4 this year and discussions about new projects are beginning. Additionally, volume opportunities we have worked on with our customers through prototyping and validation stages over the past several years will be going into production next year. For these reasons, our business outlook for 2024 is incredibly positive. We are optimistic that the growth of our existing customers will be strong, while winning new, large customers also looks to be a strong possibility. The combination of manufacturing onshoring with growing demand for semiconductor-based products will drive a strong demand for EMS companies like CST. Our biggest worry is the geo-political environment and the impact it may have on the semiconductor industry next year.
To read this entire conversation, which appeared in the December 2023 issue of SMT007 Magazine, click here.
