Wu Li-gann, the founder of circuit board manufacturer WUS Printed Circuit, passed away at the age of 83 according to his company. He had a wealth of $1.8 billion, mostly based on his stake in WUS. Wu stepped down as chairman at the end of March for age reasons and died on April 4th due to unspecified causes.
Wu started his business in 1972 in Taipei and moved it to Kunshan, an electronics manufacturing hub near Shanghai, twenty years later. In 2010, WUS Printed Circuit went public and raised $190 million. Wu made his debut on the Taiwan Rich List in 2015 with a net worth of $1.1 billion, which increased in recent years as the company’s stock rose despite market challenges.
Following Wu’s death, his wife Chen Mei-fang, who is a vice chairman of the company, has taken over as the leader until a new chairperson is elected. The company has been utilizing artificial intelligence technologies and is expecting an increase in profit in the first three months of 2024. Additionally, WUS Printed Circuit is diversifying its supply chain by building a new production site in Thailand.
In addition to his wife, Wu’s two sons are also involved in the company’s management. Wu Chuan-bin is the chief executive while his brother Wu Chuan-lin sits on the board. The company has seen success even amidst challenges in the broader market, with its stock rising by 20% in the past year. This growth is attributed to the strategic decisions made by Wu and the company’s focus on innovation and technological advancements.
The sudden death of Wu Li-gann has left a void in the leadership of WUS Printed Circuit, but the company remains committed to its growth and expansion plans. With a strong management team in place, including Wu’s wife and sons, the company is poised to continue its success in the circuit board manufacturing industry. Wu’s legacy as a visionary entrepreneur and leader will live on through the continued success of WUS Printed Circuit.
