Wingtech Explained

Wingtech Technology
Native Name:聞泰科技股份有限公司
Native Name Lang:zh
Type:Public
state-owned (partial)
Location:Jiaxing, Zhejiang, China
Industry:Manufacturing
Products:Electronics
Owner:State-owned Assets Supervision and Administration Commission of the State Council
Subsid:Nexperia

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).

In 2019, Wingtech acquired Nexperia. 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. 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]

Notes and References

  1. News: Shead . Sam . 2021-07-07 . The Chinese firm behind the acquisition of the UK's largest chip plant is state backed, analysis shows . live . https://web.archive.org/web/20220401105351/https://www.cnbc.com/2021/07/07/nexperia-owner-wingtech-is-backed-by-chinese-government-analysis-says.html . 2022-04-01 . 2022-04-01 . . en . 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. Web site: Hope . Arran . 2023-02-03 . China's top 10 semiconductor firms . 2024-09-23 . The China Project . en-US . Wingtech is part-owned by a number of state-owned enterprises... . 2024-02-21 . https://web.archive.org/web/20240221210843/https://thechinaproject.com/2023/02/03/chinas-top-10-semiconductor-firms/ . live .
  3. Web site: Wingtech Technology Company Limited . live . https://web.archive.org/web/20240922193127/https://platform.wirescreen.ai/organization/a5da7f7c-a79b-5d12-89ca-961351029011#ultimate_owners . 2024-09-22 . 2024-09-22 . WireScreen.ai . The Wire China.
  4. Web site: Chen . Eliot . 2022-09-25 . Wingtech Takes Flight . 2024-10-25 . . en-US.
  5. Web site: July 6, 2021 . China's Wingtech to buy biggest UK chip plant amid global crunch . 2023-03-27 . . en-GB . 2024-09-22 . https://web.archive.org/web/20240922193958/https://asia.nikkei.com/Business/Tech/Semiconductors/China-s-Wingtech-to-buy-biggest-UK-chip-plant-amid-global-crunch . live .
  6. News: Courea . Eleni . 2022-04-01 . UK ministers quietly approve Chinese microchip factory takeover . en-US . . 2022-04-01 . 2022-04-01 . https://web.archive.org/web/20220401035412/https://www.politico.eu/article/uk-minister-quietly-approve-chinese-microchip-factory-takeover/ . live .
  7. News: 2022-11-16 . UK orders China's Nexperia to sell at least 86% of microchip factory . en . . 2022-11-16 . 2022-11-16 . https://web.archive.org/web/20221116210510/https://www.reuters.com/technology/uk-orders-chinas-nexperia-sell-least-86-microchip-factory-2022-11-16/ . live .
  8. News: Toh . Michelle . 2022-11-17 . UK orders Chinese-owned company to sell Britain's biggest chipmaker . 2022-12-04 . . en . 2022-12-04 . https://web.archive.org/web/20221204162412/https://www.cnn.com/2022/11/17/tech/uk-blocks-chinese-takeover-chipmaker-intl-hnk/index.html . live .
  9. Web site: Kawakami . Takashi . November 10, 2023 . China's Wingtech to sell U.K. chipmaking plant amid security concern . 2024-09-22 . . en-GB . 2024-09-22 . https://web.archive.org/web/20240922195031/https://asia.nikkei.com/Business/Tech/Semiconductors/China-s-Wingtech-to-sell-U.K.-chipmaking-plant-amid-security-concern . live .
  10. News: Yang . Jie . Tilley . Aaron . 3 December 2022 . Apple Makes Plans to Move Production Out of China . . 4 December 2022 . 12 June 2024 . https://web.archive.org/web/20240612184257/https://www.wsj.com/articles/apple-china-factory-protests-foxconn-manufacturing-production-supply-chain-11670023099 . live .
  11. Web site: Freifeld . Karen . 2 December 2024 . Latest US strike on China's chips hits semiconductor toolmakers . November 3, 2024 . Reuters.

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