View text source at Wikipedia

Wingtech

Wingtech Technology
Native name
聞泰科技股份有限公司
Company typePublic; state-owned (partial)
SSE: 600745
IndustryManufacturing
Founded2006; 18 years ago (2006)
HeadquartersJiaxing, 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] 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.[4] The company is partially owned by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC).[1][3]

In 2019, Wingtech acquired Nexperia.[4] The Nexperia semiconductor subsidiary, originally Royal Philips semiconductor, manufactures wafers.[5][6][7] In 2023, Wingtech agreed to sell the Inmos microprocessor factory following a UK government divestment order on national security concerns.[8]

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.[9]

References

[edit]
  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". The Wire China. Archived from the original on 2024-09-22. Retrieved 2024-09-22.
  4. ^ 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.
  5. ^ 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.
  6. ^ "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.
  7. ^ 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.
  8. ^ 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.
  9. ^ 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.
[edit]