Wingtech
 | |
Native name | 聞泰科技股份有限公司 |
|---|---|
| Company type | Public; state-owned (partial) |
| SSE: 600745 | |
| Industry | Manufacturing |
| Founded | 2006 |
| Headquarters | Jiaxing, Zhejiang, China |
| Products | Electronics |
| Owner | State-owned Assets Supervision and Administration Commission of the State Council |
| Subsidiaries | Nexperia |
| Website | www |
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
[edit]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
[edit]- ^ 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...
- ^ 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...
- ^ a b "Wingtech Technology Company Limited". WireScreen.ai. The Wire China. Archived from the original on 2024-09-22. Retrieved 2024-09-22.
- ^ a b Chen, Eliot (2022-09-25). "Wingtech Takes Flight". The Wire China. Retrieved 2024-10-25.
- ^ 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.
- ^ 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.
- ^ "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.
- ^ 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.
- ^ 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.
- ^ 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.
- ^ Freifeld, Karen (2 December 2024). "Latest US strike on China's chips hits semiconductor toolmakers". Reuters. Retrieved November 3, 2024.
