On May 9th, Song Shang Electronics(6156.TW) announced plans to invest up to NT$120 million in an additional production site for printed circuit boards in Taiwan, as part of the company's ongoing industry expansion efforts.

Furthermore, in January of this year, Song Shang announced a $6 million investment plan to establish a production plant in North Vietnam for the development of its electromagnetic component assembly business, with plans to expand further investments once the business is stabilized.

According to the financial report,Song Shang's annual revenue in 2022 was NT$4.189 billion, a YoY decrease of 10.79%, and its Q1 2023 revenue was NT$777 million, a YoY decrease of 21.57%.

▲The announcement released by Song Shang

About Song Shang

Established in 1988,  Song Shang was formerly known as K-Bridge Electronics, a manufacturer of panel backlight modules. In December 2010, it acquired "Matsushita Electric Industrial", and subsequently changed its name to Songtech Electronics in 2011. 

Songtech Electronics's main business focuses on the production and manufacturing of printed circuit boards and magnetic components.