Wingtech

In this article, we will explore the topic of Wingtech in depth, analyzing its origins, evolution, impact and possible future prospects. Wingtech has been the subject of interest and debate throughout history, influencing various aspects of society, culture and politics. Throughout the next sections, we will delve into its meaning, its implications and its relevance in the current context, shedding light on the various facets that make up this phenomenon. Additionally, we will examine different approaches and opinions to offer a comprehensive and balanced view, providing the reader with a broader and deeper understanding of Wingtech.
Wingtech Technology
Native name
聞泰科技股份有限公司
Company typePublic; state-owned (partial)
SSE: 600745
IndustryManufacturing
Founded2006 (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.
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