Wingtech Explained

Wingtech Technology
Native Name:聞泰科技股份有限公司
Native Name Lang:zh
Type:Public
State-owned enterprise (partial)
Location:Jiaxing, 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] The company was founded in 2006 by a former STMicroelectronics engineer. Wingtech's main business includes semiconductor chip design, wafer manufacturing, optical imaging and communication product integration.[2]

In 2019, Wingtech acquired Nexperia. The Nexperia semiconductor subsidiary, originally Royal Philips semiconductor, manufactures wafers.[3] [4] [5]

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.[6]

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 . 2022-04-01 . . en.
  2. Web site: July 6, 2021 . China's Wingtech to buy biggest UK chip plant amid global crunch . 2023-03-27 . . en-GB.
  3. News: Courea . Eleni . 2022-04-01 . UK ministers quietly approve Chinese microchip factory takeover . en-US . . 2022-04-01.
  4. News: 2022-11-16 . UK orders China's Nexperia to sell at least 86% of microchip factory . en . . 2022-11-16.
  5. News: Toh . Michelle . 2022-11-17 . UK orders Chinese-owned company to sell Britain's biggest chipmaker . 2022-12-04 . . en.
  6. News: Yang . Jie . Tilley . Aaron . 3 December 2022 . Apple Makes Plans to Move Production Out of China . . 4 December 2022.