Message from management
Stars Microelectronics is an electronics manufacturing services (EMS)
Message from management
Message from the Chief Executive Officer
As the representative of the management team and company employees, the team and I are very pleased to take this opportunity to offer our greetings and communicate with shareholders about the company’s operations once again through this annual report of 2022.
Throughout 2022, the company has continued to be affected by various external factors, for example, the shortage of raw materials for electronic equipment, the increasing market price of raw materials, the global economic slowdown and recession, which results in lower market demand, and the continuous effects of the COVID-19 pandemic. Nevertheless, the management and employees of the company have worked together to operate in accordance with the company’s business strategies towards the established goals with dedication and determination throughout the past year. We also continually adjusted operational plans and fostered innovation in operations to suit the given situation and needs of customers. As a result, the company continues to grow and generate profit towards the goals that had been set out.
Moreover, the company was successful in the expansion of its customer base into industries with more advanced levels of technology, such as the automotive industry, fiber optic communication devices, industrial electronic controllers, measuring instruments, and high-end audio equipment, in both US and European markets.
The company’s personnel have continued to develop professionally in both manufacturing and service innovation. At present, the company is able to manufacture automated machinery and product testing instruments for usage and for providing services to customers. In addition, innovative skills for product design were also developed.
I would like to take this opportunity to express my gratitude to the management and employees of the company for working with proficiency and dedication. I also thank all stakeholders for their great support of the company as always.
Sincerely,
Virat Phugthai
Chief Executive Officer
As the representative of the management team and company employees, the team and I are very pleased to take this opportunity to offer our greetings and communicate with shareholders about the company’s operations once again through this annual report of 2022.
Throughout 2022, the company has continued to be affected by various external factors, for example, the shortage of raw materials for electronic equipment, the increasing market price of raw materials, the global economic slowdown and recession, which results in lower market demand, and the continuous effects of the COVID-19 pandemic. Nevertheless, the management and employees of the company have worked together to operate in accordance with the company’s business strategies towards the established goals with dedication and determination throughout the past year. We also continually adjusted operational plans and fostered innovation in operations to suit the given situation and needs of customers. As a result, the company continues to grow and generate profit towards the goals that had been set out.
Moreover, the company was successful in the expansion of its customer base into industries with more advanced levels of technology, such as the automotive industry, fiber optic communication devices, industrial electronic controllers, measuring instruments, and high-end audio equipment, in both US and European markets.
The company’s personnel have continued to develop professionally in both manufacturing and service innovation. At present, the company is able to manufacture automated machinery and product testing instruments for usage and for providing services to customers. In addition, innovative skills for product design were also developed.
I would like to take this opportunity to express my gratitude to the management and employees of the company for working with proficiency and dedication. I also thank all stakeholders for their great support of the company as always.
Sincerely,
Virat Phugthai
Chief Executive Officer