Electronic components: Another subsidiary of Taiwan Guoju Group settled in Jiaozuo

On September 23, the total investment of 350 million yuan in the Taiwan Guoguo Group Qilixin Electronics Co., Ltd. annual output of 1.5 billion electronic components project in Jiaozuo City officially signed. This is in February of this year, Taiwan's Guoju Group Chenxin Electronics Co., Ltd. settled in Jiaozuo County, Xiuwu County Industrial Agglomeration District, the Group's subsidiary in Jiaozuo.

It is understood that the project has a total investment of 350 million yuan, fixed assets investment of 230 million yuan, and installation of 200 sets of fully automated passive component production equipment. At present, the first batch of automated production equipment with a total investment of 150 million yuan has been put in place. The plant is being renovated. After the first phase of the project is put into production, the annual sales income will be 300 million yuan, profits and taxes 60 million yuan, and 3,500 jobs will be solved.

Kelixin Electronics Co., Ltd. is part of the world’s largest passive component manufacturer—Taiwan Guoju Group. It mainly manufactures inductors, resistors, capacitors and other electronic components. The products are widely used in computer motherboards, laptops, LCD screens, and converters. More than 60% of global share is the largest supplier of Foxconn, the leading electronic industry supplier.