Flexible circuit board giant settled in China's key mobile phone market

U.S. flexible circuit board production giant Vissun announced on August 25 that its Chengdu company officially opened. According to Weishun Chairman of the Board of Directors, Phillips, Chengdu Weishun Flexible Circuit Board Co., Ltd. will form an employment scale of 7,000 people after completion of the second phase of the project, with an estimated annual sales income of 400 million U.S. dollars. Chengdu will thus become the largest flexible circuit in China. Board production base and important R&D innovation center.

People in the field speculated that the establishment of Foxconn for Apple's OEM business in Chengdu and China’s huge mobile phone market were important factors for Weishun’s selection of Chengdu Hi-tech Zone. Weishun was founded in the United States in 1984 and has now become one of the world's largest manufacturers of flexible printed circuit board manufacturing and assembly and is listed on the Nasdaq. At the same time, the company also provides high value-added components assembly solutions for the electronics industry. It is the largest and few manufacturers in the world that can customize their precise, smooth and complete flexible printed circuit boards. "The products of Weishun Group are widely used in smart phones, writing boards, computers or data storage devices, portable bar code scanners and other electronic devices," said Philip, chairman of Weishun.

The reporter was informed that Chengdu Weishun Flexible Circuit Board Co., Ltd. is part of the Weishun Group Corporation. The Chengdu Weishun overall project located in Chengdu Hi-tech Zone Comprehensive Free Trade Zone will be completed in three phases in five years with a total investment of US$120 million. Among them, the first phase of the project was commissioned on March 28 this year, and it is expected that the number of employees will increase to 2,000 by the end of the year. "The investment for the second phase of the project is 70 million U.S. dollars, and the building area will reach 64,000 square meters. By then, we will provide Chengdu with 7,000 jobs and we expect to realize an average annual sales income of 400 million U.S. dollars," said Wei Shun. After the completion of the third phase of the project, it will form an employment scale of tens of thousands of people. By then, Chengdu will become the largest flexible circuit board production base in China and an important R&D and innovation center in China.

The high-tech zone in Chengdu, where Weishun settled down, has seen rapid development of electronic information industry in recent years. Currently, there are a large number of well-known companies such as Intel, Texas Instruments, You Nissen, SMIC, Core Source, Advanced Semiconductor, and Phoenix. The total investment in the integrated circuit industry in the city exceeds With US$3 billion, “The completion of Chengdu High-tech Zone by Weishun will further enhance the market competitiveness of Chengdu's information industry and attract other companies involved in the design and production of flexible circuit boards to gather and develop in Chengdu.”