Ichia is investing 20 million USD (approximately 143 million RMB based on the exchange rate at 8:49 AM on Mar 12) to establish a new subsidiary in Malaysia to cater to the automotive sector, focusing on flexible printed circuit boards assembly, rigid printed circuit boards assembly, and mechanical integrated components. This move aligns with the company's global operational strategy and group business tactics.

In addition, Ichia also announced its financial report for 2023, reporting a total revenue of NT8.561 billion and an earnings per share (EPS) of NT1.56. 

With a proactive stance in the automotive sector and the continuous growth of automotive customers, Ichia aims to expand its production capacity primarily in Malaysia over the next three years, with an estimated expenditure of around NT1.5 billion. The majority of the investment will be directed towards Malaysia to increase production capacity outside of China, aiming to mitigate geopolitical risks. The 20 million USD investment will be part of this year's capital expenditure, significantly higher than the previous years' capital expenditures of around NT$200-300 million.

About Ichia

Established in 1983 in Taiwan. Ichia, with over-30-year proficiency in manufacturing, has built its reputation in electronic component's manufacturing and cultivate solid partnerships with worldwide customers. To extend core proficiency in components, FPC division was founded in 1999 and focus on high-end fine pitch flexible circuit board. Up to the mid of 2014, Ichia has approximately 4,000 employees worldwide and has awarded ISO 9002, ISO 14001 and QS 9001 certification.

The factories, located in Taiwan, China and Malaysia, provide global comprehensive logistics.To developing new technologies for worldwide technical support, continuously extend production capability and offer products with excellent quality, on-time delivery and competitive cost to valued customers, Ichia built a 26,500㎡ headquarter & RD center in Taoyuan.

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