Chinese PCB Manufacturer Ceases Operations Amid Economic Slowdown

Semiconductor chips on a printed circuit board, in this illustration picture taken on Feb. 17, 2023. Florence Lo/ReutersA major electronics manufacturer in southern China has shut down operations, adding to signs of mounting pressure on the country’s manufacturing sector as weakening demand, rising costs, and industrial restructuring weigh on private businesses.Dongguan Wuzhu Electronic Technology Co. Ltd. and its affiliate, Dongguan Wuzhu New Energy Technology Co. Ltd., announced on May 28 that they would cease all production and business activities effective immediately, citing changes in market conditions and failed investment plans that left the companies unable to continue operating, according to a notice published via the Hunan Printed Circuit Association.