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Wingtech

Wingtech Technology
Native name
聞泰科技股份有限公司
Company typePublic; state-owned (partial)
SSE: 600745
IndustryManufacturing
Founded2006; 19 years ago (2006)
HeadquartersJiaxing, Zhejiang, China
ProductsElectronics
OwnerState-owned Assets Supervision and Administration Commission of the State Council
SubsidiariesNexperia
Websitewww.wingtech.com Edit this at Wikidata

Wingtech Technology is a partially state-owned semiconductor and communications product integration company based in Jiaxing and listed on the Shanghai Stock Exchange.[1][2][3]

Background

The company was founded as original design manufacturer in 2006 by a former STMicroelectronics engineer, Zhang Xuezheng.[4] Wingtech's main business includes semiconductor chip design, wafer manufacturing, optical imaging and communication product integration.[5] The company is partially owned by several state-owned enterprises under the direction of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).[1][3]

In 2019, Wingtech acquired Nexperia.[5] The Nexperia semiconductor subsidiary, originally Royal Philips semiconductor, manufactures wafers.[6][7][8] In 2021, Wingtech acquired Ofilm Group, a former iPhone camera module supplier.[4] In 2023, Wingtech agreed to sell the Inmos microprocessor factory following a UK government divestment order on national security concerns.[9]

During the 2022 COVID-19 protests in China, Wingtech was reported by The Wall Street Journal to gain an additional foothold in Apple's supply chain following protests at a Foxconn factory in the Zhengzhou Airport Economy Zone.[10]

In December 2024, Wingtech was targeted in a new round of US export controls and added to the United States Department of Commerce's Entity List.[11]

References

  1. ^ a b Shead, Sam (2021-07-07). "The Chinese firm behind the acquisition of the UK's largest chip plant is state backed, analysis shows". CNBC. Archived from the original on 2022-04-01. Retrieved 2022-04-01. The layers lead to the State-owned Assets Supervision and Administration Commission of the State Council, which is a special commission of the People's Republic of China, as well as specific government-run semiconductor investment funds. Almost 30% of Wingtech's shares can be traced back to the Chinese government...
  2. ^ Hope, Arran (2023-02-03). "China's top 10 semiconductor firms". The China Project. Archived from the original on 2024-02-21. Retrieved 2024-09-23. Wingtech is part-owned by a number of state-owned enterprises...
  3. ^ a b "Wingtech Technology Company Limited". WireScreen.ai. The Wire China. Archived from the original on 2024-09-22. Retrieved 2024-09-22.
  4. ^ a b Chen, Eliot (2022-09-25). "Wingtech Takes Flight". The Wire China. Retrieved 2024-10-25.
  5. ^ a b "China's Wingtech to buy biggest UK chip plant amid global crunch". Nikkei Asia. July 6, 2021. Archived from the original on 2024-09-22. Retrieved 2023-03-27.
  6. ^ Courea, Eleni (2022-04-01). "UK ministers quietly approve Chinese microchip factory takeover". POLITICO. Archived from the original on 2022-04-01. Retrieved 2022-04-01.
  7. ^ "UK orders China's Nexperia to sell at least 86% of microchip factory". Reuters. 2022-11-16. Archived from the original on 2022-11-16. Retrieved 2022-11-16.
  8. ^ Toh, Michelle (2022-11-17). "UK orders Chinese-owned company to sell Britain's biggest chipmaker". CNN. Archived from the original on 2022-12-04. Retrieved 2022-12-04.
  9. ^ Kawakami, Takashi (November 10, 2023). "China's Wingtech to sell U.K. chipmaking plant amid security concern". Nikkei Asia. Archived from the original on 2024-09-22. Retrieved 2024-09-22.
  10. ^ Yang, Jie; Tilley, Aaron (3 December 2022). "Apple Makes Plans to Move Production Out of China". The Wall Street Journal. Archived from the original on 12 June 2024. Retrieved 4 December 2022.
  11. ^ Freifeld, Karen (2 December 2024). "Latest US strike on China's chips hits semiconductor toolmakers". Reuters. Retrieved November 3, 2024.

Information related to Wingtech

Wingtech
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