
CASE
STUDIES
Two decades of trusted supply to the world's most demanding industrial OEMs.
Disclosed Customer Relationships
The following customers are disclosed in the parent company's public filings. Logos are rendered in monochrome white to match the dark theme.
Hitachi
日立
Industrial Control
Panasonic
松下
Industrial / Automotive

Omron
オムロン
Factory Automation

Yaskawa Electric
安川電機
Motion / Robotics

Sanyo Denki
山洋電気
Servo & Cooling

Kyocera
京セラ
Electronic Components

Keyence
キーエンス
Sensors & Vision

Shimadzu
島津製作所
Analytical Instruments

Yokogawa
横河電機
Process Control

Venture Corp
EMS (Singapore)

GPV Group
(ex-Enics)
EMS (Europe)

GSK CNC
广州数控
CNC Controllers

Hechuan Tech
浙江禾川
Servo & Motion
All trademarks and logos are property of their respective owners. Customer relationships disclosed by parent Sihui Fushi Electronics (SZSE: 300852) in 2020 IPO prospectus and 2024 annual report. Logos shown reflect publicly disclosed supply relationships and are not endorsements.
Five Anchored Narratives

INDUSTRIAL CONTROL / FACTORY AUTOMATION
Japan FA Big Four — 20 Years of Industrial-Control Supply
Hitachi · Panasonic · Omron · Yaskawa
Japan's four largest factory-automation OEMs require PCB supply under strict Japanese-style quality audits and IATF 16949 compliance, across product lifecycles exceeding 20 years. Long-life product support, defect rates measured in ppm, and lot-to-lot consistency sit at the core of their sourcing criteria.
FQC, founded by a Tokyo University graduate and shaped by Japanese-quality discipline, supplies up to 24-layer multilayer boards at 2 mil / 50 μm minimum trace and space on an IATF 16949-certified line. Every process step is barcode-traceable end-to-end, and Japanese QC specialists are embedded on-site.
Relationships with all four customers pre-date 2004 and are continuously disclosed in the 2020 IPO prospectus and the 2024 annual report. Japanese customers still represent roughly 50% of parent-company revenue.
LAYER
Up to 24 layers
TRACE/SPACE
2 mil / 50 μm
CERT / SPEC
IATF 16949:2016
TRACK RECORD
20+ years

SENSORS & MACHINE VISION
Precision Sensor & Vision Supplier
Keyence · Omron · Sanyo Denki
Machine-vision cameras and high-precision sensors demand high-mix low-volume runs, tight tolerances, fine-line geometry, and ±5% impedance control. Flexibility from prototype through small-lot production is non-negotiable.
FQC delivers 5th-order build-up HDI, 2 mil / 50 μm fine-line patterning, and ±5% impedance — twice as tight as the ±10% industry norm. A dedicated prototype-and-small-lot pool runs LDI imaging, 5th-order HDI build-up, and mechanical plus laser drilling down to 100 μm.
These three customer relationships are recorded in the investor meeting minutes published by Sina Finance on 2024-06-22. Material portfolio spans high-Tg, low-Dk, and ultra-low-loss laminates across the mix.
LAYER
5th-order HDI
TRACE/SPACE
2 mil / 50 μm
CERT / SPEC
±5% impedance
TRACK RECORD
High-mix low-volume

ANALYTICAL INSTRUMENTS / MEDICAL-ALIGNED
Analytical & Process-Control Instrument PCBs
Shimadzu · Yokogawa
Analytical instruments and process-control hardware run on 15-20 year product-support cycles. They require full material traceability, medical-grade documentation, and a quality system aligned with ISO 13485. Line-down events are not an option.
FQC is one of the few fabs holding IATF 16949 and ISO 13485 simultaneously on the same production line. Serialized panel tracking, 25-year document archival, and medical-grade documentation packages ship as standard with every lot.
The Shimadzu and Yokogawa relationships are disclosed in the 2020 IPO prospectus. The analytical-instrument segment falls inside the ~10% "other" bucket in parent-company revenue, which also includes medical and consumer.
LAYER
Multilayer (standard)
TRACE/SPACE
Medical-grade
CERT / SPEC
ISO 13485 + IATF 16949
TRACK RECORD
25-year archive

EMS / EXPORT-GRADE
Global EMS Partnership
Venture Corp · GPV Group (formerly Enics)
Global EMS partners need same-spec supply across multiple regions, export-grade audit rigor, and a China+1 alternate base to hedge US-China trade friction. Schedule reliability and QC080000 compliance are foundational.
FQC's Thai facility began mass production in June 2024. Located 27 km from Laem Chabang port and 99 km from Bangkok airport in AMATA City Rayong, the line holds IATF 16949, ISO 13485, and QC080000 concurrently and exports directly to Europe and North America.
Venture Corp (Singapore-listed) and GPV Group (formerly Enics — one of Europe's largest EMS groups) are named in the 2020 IPO prospectus. Both sit on the strategic shortlist for supply migration from FQC's China plant to the Thailand facility.
LAYER
Multilayer + HDI
TRACE/SPACE
Export-grade
CERT / SPEC
IATF + 13485 + QC080000
TRACK RECORD
Thailand live June 2024

COMMUNICATIONS / AI INFRASTRUCTURE
800G / 1.6T AI-Server Optical Module Breakthrough
Leading optical-module end customer (anonymized)
800G and 1.6T AI-server optical modules require 40 GHz signal integrity, 3+4+3 HDI builds, embedded copper blocks for thermal extraction, and ultra-low-loss laminates such as Megtron 7/8. End-customer qualification cycles typically run 2-3 years.
FQC ships 5th-order any-layer HDI at ±5% impedance, with Megtron 7/8 support and measured 40 GHz signal integrity. Embedded copper blocks inside a 3+4+3 HDI stackup run on a single production line, with sub-micron position tolerance between blocks and vias.
In October 2024 FQC was qualified by a leading optical-module end customer for 800G and began small-batch shipping. In January 2026, the 1.6T variant passed qualification as well (reported by Sina Finance 2026-01-21).
LAYER
3+4+3 HDI
TRACE/SPACE
2 mil / 50 μm
CERT / SPEC
Megtron 7/8, 40 GHz
TRACK RECORD
Qualified Oct 2024
Disclosed Sector Breakdown
Revenue composition disclosed by parent Sihui Fushi Electronics (SZSE: 300852).
Source: Sihui Fushi 2024 annual report (Cninfo PDF)Two Decades of Trust with Japanese Industrial Leaders
Japanese customers represent approximately 50% of revenue today, with historical peaks of 57-66%. This reflects more than twenty years of trusted partnership with Japan's industrial leaders.
~50%
Japanese customer share (current)
57-66%
Historical peak range