Wus Group has once again deepened its investment in Kunshan with the formal signing of a high-end printed circuit board project supporting artificial intelligence chips. The total investment for this project amounts to 101 billion yuan.
The project will be constructed in two phases. The first phase involves an investment of approximately 33 billion yuan, while the second phase, aimed at further expanding production scale, requires about 68 billion yuan. The plan is to establish a globally leading high-end PCB manufacturing base in Kunshan. Upon reaching full production capacity, the project is expected to generate an additional annual output value of roughly 150 billion yuan by 2025, compared to 2025 levels.
Wus Group is a longstanding and benchmark Taiwanese-invested enterprise in Kunshan, specializing in the research, development, design, and manufacturing of printed circuit boards. Since its establishment in the city in 1992, the company has consistently pursued expansion and increased investment. Particularly in recent years, the pace of its "major" investments has accelerated, with a total of 224 billion yuan invested within 18 months. This funding has supported the layout of several key projects in Kunshan, including a headquarters and R&D building, as well as the renovation and expansion of computing power network infrastructure.
The story of Wus Group and Kunshan began in 1992. In its early entrepreneurial days, every step—from factory construction and equipment procurement to personnel recruitment and market development—posed significant challenges. The supply chain was a particular hurdle; initially, even screws had to be imported. Fortunately, Kunshan adopted a "what's missing, we recruit" strategy, rapidly improving its industrial supporting capabilities in areas like copper-clad laminates, copper foil, equipment, and packaging.
By 1995, upon the completion and commencement of mass production at its Kunshan factory, Wus Group demonstrated robust growth momentum. Its products found wide application in communication equipment, automotive, industrial machinery, and other sectors, providing critical electronic component support for globally renowned electronics brands.
In 2010, Wus Group went public on the A-share market, becoming the first listed Taiwanese enterprise from Kunshan. Having navigated phases of entrepreneurial struggle, restructuring and upgrading, public listing, and transformative evolution, Wus Group has grown from a startup factory into a listed company with a market capitalization exceeding 100 billion yuan. It has been consistently ranked among the top 20 in the "Global PCB Top 100 Enterprises" for multiple years.
In recent years, as the wave of artificial intelligence has swept across the globe, high-end printed circuit boards, which serve as the "neural network" for AI chips, have entered an unprecedented period of explosive growth. Keenly capturing this industry trend, Wus Group decisively accelerated its push for innovation-driven quality improvement and advancement into higher-end segments, continuously expanding and iteratively upgrading its operations in Kunshan.
In June of last year, Wus Group laid the foundation for its high-end PCB expansion project for AI chips in Kunshan. This project focuses on R&D for high-speed, high-frequency, high-density interconnect core components for computing power networks and artificial intelligence, targeting product areas like AI servers for computing power and high-performance networking. Upon full completion, it is projected to add nearly 100 billion yuan in annual output value, collaborating with Suzhou to build a world-class PCB industry cluster.
The newly signed project similarly targets the AI chip supporting sector, with its products set to be widely used in cutting-edge applications such as high-performance computing and AI servers.
The story of Wus Group is just one example of the surge in corporate investment and expansion among Suzhou enterprises in 2026. Since the beginning of the year, numerous companies have been expressing their strong confidence and firm optimism towards Suzhou through new strategic layouts and substantial capital commitments.
On March 31st, Luxshare Precision Industry held a ceremony for the commencement of production for its Acoustic Electronics Products and Automotive Components Project (Phase III) in Xiangcheng Economic and Technological Development Zone. This project involves a total investment of 120 billion yuan, covering a total land area of approximately 410 mu, with Phase III occupying 290 mu. Currently, Phase I of the project commenced production last year, and Phase II was completed, fitted out, and delivered by the end of last year. Upon full completion, the project is expected to achieve an annual output value exceeding 300 billion yuan.
In 2024, Luxshare Group formally signed an agreement with Xiangcheng Economic and Technological Development Zone to cooperatively build the Acoustic Electronics Products and Automotive Components Project. The aim is to create a highly intelligent and automated benchmark factory area, contributing to the high-quality economic development of Xiangcheng with robust manufacturing capabilities. The project vertically integrates automotive industry chain processes, starting from die-casting and encompassing electronic control, electric drive, reducers, and more. While continuing to deepen its presence in the passenger vehicle market, the company is actively exploring potential clients in the commercial vehicle sector.
On March 18th, Maxeon Solar Technologies signed agreements for its Perovskite Tandem Cell Equipment Project and Semiconductor Equipment R&D and Manufacturing Project.
These two signed projects are key strategic moves for Maxeon's 10-year development plan, with a total investment of 50 billion yuan, both located in Wujiang District. The Perovskite Tandem Cell Equipment Project, with a planned investment of 35 billion yuan, will establish an advanced R&D platform, gather top industry talent, continuously tackle key technological challenges, and engage in the large-scale production and industrial application of complete sets of perovskite tandem cell equipment. The Semiconductor Equipment R&D and Manufacturing Project, with a planned investment of 15 billion yuan, will primarily focus on the R&D, manufacturing, and sales of intelligent, high-end equipment for semiconductor production.
On March 17th, Zhenli New Energy signed an agreement to establish its 50GWh Long-Duration Energy Storage Intelligent Manufacturing Project in Suzhou.
Zhenli New Energy specializes in the R&D and manufacturing of lithium-ion power batteries, energy storage batteries, and aviation batteries. According to the investment intent agreement, the company plans to invest 100 billion yuan to build an annual 50GWh intelligent, flexible manufacturing base for next-generation large-capacity, long-duration energy storage lithium-ion batteries in Changshu High-tech Industrial Development Zone.
On February 25th, Wujiang District signed an agreement with Hengli Group for the Hengli Advanced Intelligent Manufacturing Industry Cluster Project, with a total investment of 120 billion yuan, landing in Wujiang.
The signed Hengli Advanced Intelligent Manufacturing Industry Cluster Project includes three strategic benchmark initiatives: an annual 500,000-ton high-performance polyester fiber production facility, R&D and manufacturing of generators for high-end ships, and a science and innovation R&D headquarters. With a total investment of approximately 120 billion yuan, this represents a significant move by the group to expand into the advanced intelligent manufacturing sector.
Beyond these, a number of other high-quality enterprises, including Faurecia Group, Novares Group, Arkema, and Urechi Robotics, have also chosen Suzhou to increase investment, expand production, and enhance their strategic layouts.
Suzhou remains the optimal partner for corporate development. May every enterprise that chooses Suzhou find a stable environment to deepen its roots, achieve steady and long-term growth, and expand its strength here.
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