Goertek Explained

Goertek Inc.
Type:Public

Goertek Inc. (was stylized as GoerTek) is a Chinese acoustic components company founded in 2001. The company was started in June 2001 by the billionaire entrepreneur Jiang Bin[1] and his wife Hu Shuangmei. His brother, Jiang Long, serves as vice chairman.[2] The company was listed on the Shenzhen Stock Exchange in May 2008.[3]

The company claims to hold the largest market value among acoustic companies on the Shenzhen Stock Exchange.[4] Goertek's main focuses consist of R&D, production and sales of electro-acoustic components, optical components, electronic accessories and related products. The global headquarters of Goertek is in Weifang, with manufacturing operations in Vietnam. The company has over 80,000 employees.

Goertek's customers include Apple (including acoustic modules for the iPhone),[5] Samsung, Sony and Lenovo. The company supplies products to Fitbit, ByteDance, and Huawei.[6]

In 2014, Goertek bought a majority share of Danish loudspeaker manufacturer Dynaudio.[7] The company also has a stake in Kopin Corporation.[8] Goertek has collaborated with Beihang University's Qingdao Research Institute on military-civil fusion projects and, in 2016, funded the university's Smart Innovation Technology Research Institute.[9] In 2019, Goertek launched a center in Laoshan, Qingdao with Qualcomm.[10]

Notes and References

  1. Web site: Goertek on Forbes Lists - Asia's Fab 50 Companies . Forbes . 2018-03-18 . 2023-05-29 . https://web.archive.org/web/20230529065657/https://www.forbes.com/companies/goertek/ . live .
  2. Web site: Jiang Bin . 2 May 2015 . Forbes . 28 January 2021 . https://web.archive.org/web/20210128062328/https://www.forbes.com/profile/jiang-bin/ . live .
  3. Web site: Kopin Enters Into Strategic Relationship With Goertek Inc.. businesswire.com. 3 January 2017 .
  4. Web site: About Us . goertek.eu . 2018-03-18 . 2018-08-25 . https://web.archive.org/web/20180825164455/http://goertek.eu/about-us/goertek-inc/ . live .
  5. Book: Lan, Xiaohuan . How China Works: An Introduction to China's State-led Economic Development . . 2024 . 978-981-97-0079-0 . Topp . Gary . 10.1007/978-981-97-0080-6.
  6. Web site: 2023-04-26 . 歌尔股份市值暴跌60%，前山东首富的「至暗时刻」 . Goertek's market value plummeted by 60%, the darkest moment for the former richest man in Shandong . live . https://archive.is/WVJtN . 13 November 2024 . 2024-11-29 . sd.sina.cn . zh.
  7. Web site: GoerTek Acquires the Majority Shares of Dynaudio. audioxpress. 23 October 2014.
  8. Web site: Impiombato . Daria . Attrill . Nathan . Zhang . Albert . Ryan . Fergus . Allen . Bethany . 26 November 2024 . Persuasive technologies in China: implications for the future of national security . 2024-11-29 . . 20 . en.
  9. Web site: 2016-05-03 . Beihang University Receives￥200 Million Donation from Goertek . https://archive.is/CZ6oe . 13 November 2024 . 2024-11-29 . www.goertek.com.
  10. Web site: April 16, 2019 . Qualcomm, Goertek join hands for microelectronics advances in Laoshan . 2024-11-29 . . 2019-12-09 . https://web.archive.org/web/20191209142820/http://shandong.chinadaily.com.cn/qingdao/2019-04/16/c_355985.htm . live .

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