Shunsin Secures Orders, Vietnam Expands Production

In recent times, Foxconn’s System-in-Package (SiP) packaging and testing subsidiary, Shunsin-KY (6451), has benefited from a boost in orders. Additionally, with the expected full-scale production capacity of their new factory in Vietnam in the second half of the year, industry experts anticipate that Shunsin’s performance will improve sequentially in the latter half of this year, potentially setting the stage for record-breaking profits next year.

Shunsin’s fundamental outlook appears promising, as evidenced by its strong performance in the stock market yesterday (13). The stock closed at its daily limit of 124.5 yuan, marking an impressive gain of 11 yuan and reaching its highest level since mid-July.

In recent years, Shunsin has responded to robust demand in high-speed fiber optic communication by initiating expansion operations. The new factory in Vietnam is now operational, with orders coming in simultaneously. It is expected that production capacity will begin to ramp up before the end of the year. Experts note that Shunsin has secured orders from major American network communication giants, and its 400G Silicon Photonics (CPO) module products are poised for early production. Anticipations are that the 800G CPO module will gradually come into play next year.

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