Dan Beaulieu, President and Co-Founder, D.B. Management Group L.L.C

Not only did Koh Young celebrate its 20-year anniversary in 2022, but we also installed our 20,000th inspection machine. In the Americas, we installed nearly 500 machines in just 2022. Besides several prestigious product innovation awards, we also earned back-to-back Service Excellence Awards, as voted on by manufacturers.

We are thankful for our customers who keep us in the industry-leading position for both equipment and service. While 2022 was a banner year for Koh Young, we look to 2023 with guarded enthusiasm. Challenges like tightening financial policies, soaring interest rate hikes, and a destabilizing geopolitical landscape are fueling a broad-based slowdown in 2023; however, there are opportunities.

The drive to increase self-sufficiency and reduce supply chain vulnerability is helping stimulate reshoring and foreign direct investment that continue to help the Americas. Recent efforts by the current Administration are also bolstering our optimistic view, especially for the domestic semiconductor and electronic vehicle industries.

The fundamental shift occurring in the electronics manufacturing industry is forcing companies to adopt and implement innovative business models. For example, digitization is helping manufacturers fully realize the benefits of a connected ecosystem and improve operational efficiency with a smart factory. We are prepared to help our customers through the challenges and opportunities in 2023.