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Taiwan's PSA weighs Asia expansion to catch 5G and EV boom

Components supplier eyes diversified production amid supply chain disruptions

Taiwanese tech company sees long-term promise despite supply chain challenges. (Photos courtesy of PSA)

TAIPEI -- Taiwan's leading provider of electronic components plans to expand its production capacity across Asia despite flagging the possibility of a near-term dip in demand, as the company bets on the emergence of parts-hungry tech like 5G and electric vehicles to drive growth for years to come.

Chiao Yu-heng, chairman and CEO of Passive System Alliance, told Nikkei Asia in an interview that PSA already has 40 production sites across China, Japan, Malaysia and its home market. This diversified production footprint, Chiao said, has helped mitigate the impact of COVID and geopolitical disruptions, as well as unexpected power restrictions in China.

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