The founder of WUS Printed Circuit, Wu Li-gann, passed away at the age of 83, leaving behind a successful legacy as a billionaire in the electronics manufacturing industry. Wu, who had recently stepped down as chairman, had built his business from scratch in Taipei in 1972 before relocating it to Kunshan, China, in 1992. The company went public in 2010, raising significant funds for expansion. Wu’s wealth was primarily tied to his stake in WUS Printed Circuit, which saw a 20% increase in stock value over the past year despite economic challenges in China.
Following Wu’s passing, his wife Chen Mei-fang has taken over as interim chairperson of the company, with his two sons also playing key roles in senior management. The company’s use of artificial intelligence technology has contributed to its success, with a projected profit increase in the first quarter of 2024. Additionally, WUS Printed Circuit is expanding its production capabilities by building a new facility in Thailand to diversify its supply chain and further strengthen its position in the market.
Wu’s departure comes at a time of economic uncertainty in China, with the broader market experiencing challenges due to a softening economy and a real estate crisis. Despite these obstacles, WUS Printed Circuit has managed to maintain its growth, thanks in part to its innovative strategies and focus on technology. Wu’s entry onto the Taiwan Rich List in 2015 was a testament to his company’s success and his own entrepreneurial skills, which have left a lasting impact on the industry.
As the company navigates the transition in leadership, the focus remains on maintaining profitability and sustaining growth in the ever-evolving electronics manufacturing sector. With Wu’s family members taking on prominent roles within the organization, WUS Printed Circuit is set to continue its legacy as a key player in the industry. The company’s commitment to leveraging technology and expanding its global presence highlights its resilience and adaptability in the face of changing market conditions.
