February 7, 2024

VIEWPOINT 2024: Ken Molitor, Chief Operating Officer, QP Technologies

VIEWPOINT 2024: Ken Molitor, Chief Operating Officer, QP Technologies
Ken Molitor, Chief Operating Officer, QP Technologies
In contrast to some in our industry, we are not experiencing a slowdown in our business. In fact, 2023 has been a record year for QP Technologies. We continue to see strong demand from both domestic and international customers across many sectors of our business, including our air-cavity open-molded plastic packages (OmPP) and our turnkey, high-performance substrate based assemblies.

We attribute our success primarily to our vast and growing customer base, many of whom use QP Technologies’ services to get their new products to market on time and done correctly the first time.

We anticipate another year of continued growth in 2024. We recently purchased additional 300mm wafer equipment to support wafer dicing and automated die placing (pick and place), as we expect our wafer business to grow in 2024 and beyond.

We're also projecting growth in our custom substrate business, where we offer turnkey services from design through assembly. We rarely experience shortages that affect our ability to serve our quick-turn and volume customers, thanks to the extremely robust supply chain we’ve built over our 30+ year history.

Hiring, developing and retaining staff have long been a priority, particularly since the services QP Technologies provides are not readily available elsewhere stateside. While we sometimes target hires that have some experience in our industry, we often hire lesser skilled employees that have some technology exposure, the aptitude to learn what we do, and, most importantly, the ability to mesh with our ultra-fast paced culture, and then train them internally.

We hope to see more hands-on vocational IC package/assembly coursework in the future as semiconductor packaging becomes more mainstream within the U.S.

Ken Molitor, Chief Operating Officer
QP Technologies
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