LA PLATA, Maryland — Hong Kong- and Dubai-based Uspace Technology Group Ltd., which in March celebrated the production of the first 100 satellites from its new 200,000-square-foot production facility in Hong Kong, has generated almost no revenue from the business.
The company reported substantial losses in 2024 as its Electronics Manufacturing Services (EMS) division, which builds printed circuit board assemblies (PCBAs), saw revenue decline from factors including “the complex external environment and geopolitical tension” affecting international trade.
The EMS business was supposed to finance . . .
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