Netizens speculate that "Sumitomo Electric Suzhou Factory is closing down", company responds

On July 22, Sumitomo Electric Industries issued a clarification announcement regarding the untrue information circulating on the internet about the closure of Sumitomo Electric's factory in Suzhou: Recently, Sumitomo Electric Industries Co. has noticed some untrue articles and videos on certain internet platforms and media that incorrectly associate the dissolved Sumitomo Electric Optoelectronics Devices Co., Ltd. within the company group with the normally operating Sumitomo Electric Electronic Wire Products Co., Ltd., causing some customers and partners to misunderstand the stability of the supply chain in China. The entity that has decided to dissolve and is processing the cancellation procedures in accordance with the law is Sumitomo Electric Optoelectronics Devices Co., Ltd., which specializes in communication optoelectronic devices and optical modules, with no medical device-related products. The dissolution is a normal business restructuring arrangement carried out by the company's communication business unit based on global strategic layout, and all relevant procedures strictly comply with Chinese laws and regulations and corporate governance standards. Sumitomo Electric Electronic Wire Products Co., Ltd. is an independent legal entity under the company group, engaged in the production of signal wire harnesses for medical equipment, ultra-fine coaxial cables, and other electronic wire components. Currently, the company is operating normally, with no plans to cease production, relocate, or withdraw from the Chinese market. The two companies belong to different business sectors and operate independently of each other. The circulating claims on the internet about the "halt of medical wire harness production at Sumitomo Electric's Suzhou factory" are highly inconsistent with the facts, and have had a negative impact on the company group's commercial reputation. Sumitomo Electric Group has always considered China as an important global strategic market, and is committed to localized, compliant operations and high-quality development in the long term. We will continue to strictly fulfill our supply commitments to customers and partners, ensuring product quality and timely delivery, effectively maintaining supply chain security and stability.