Wingtech
{{Short description|Chinese state-owned semiconductor manufacturer}}
{{Infobox company
| name = Wingtech Technology
| logo = Wingtech Logo.png
| native_name = 聞泰科技股份有限公司
| native_name_lang = zh
| type = Public; state-owned (partial)
| traded_as = {{SSE|600745}}
| foundation = {{Start date and age|2006}}
| location = Jiaxing, Zhejiang, China
| key_people =
| industry = Manufacturing
| products = Electronics
| num_employees =
| owner = State-owned Assets Supervision and Administration Commission of the State Council
| subsid = Nexperia
| homepage = {{Official URL}}
}}
Wingtech Technology is a Chinese partially state-owned semiconductor and communications product integration company based in Jiaxing and listed on the Shanghai Stock Exchange.{{Cite news |last=Shead |first=Sam |date=2021-07-07 |title=The Chinese firm behind the acquisition of the UK's largest chip plant is state backed, analysis shows |url=https://www.cnbc.com/2021/07/07/nexperia-owner-wingtech-is-backed-by-chinese-government-analysis-says.html |url-status=live |archive-url=https://web.archive.org/web/20220401105351/https://www.cnbc.com/2021/07/07/nexperia-owner-wingtech-is-backed-by-chinese-government-analysis-says.html |archive-date=2022-04-01 |access-date=2022-04-01 |website=CNBC |language=en |quote=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...}}{{Cite web |last=Hope |first=Arran |date=2023-02-03 |title=China's top 10 semiconductor firms |url=https://thechinaproject.com/2023/02/03/chinas-top-10-semiconductor-firms/ |access-date=2024-09-23 |website=The China Project |language=en-US |quote=Wingtech is part-owned by a number of state-owned enterprises... |archive-date=2024-02-21 |archive-url=https://web.archive.org/web/20240221210843/https://thechinaproject.com/2023/02/03/chinas-top-10-semiconductor-firms/ |url-status=live }}{{Cite web |title=Wingtech Technology Company Limited |url=https://platform.wirescreen.ai/organization/a5da7f7c-a79b-5d12-89ca-961351029011#ultimate_owners |url-status=live |archive-url=https://web.archive.org/web/20240922193127/https://platform.wirescreen.ai/organization/a5da7f7c-a79b-5d12-89ca-961351029011#ultimate_owners |archive-date=2024-09-22 |access-date=2024-09-22 |website=WireScreen.ai |publisher=The Wire China}}
Background
The company was founded as original design manufacturer in 2006 by a former STMicroelectronics engineer, Zhang Xuezheng.{{Cite web |last=Chen |first=Eliot |date=2022-09-25 |title=Wingtech Takes Flight |url=https://www.thewirechina.com/2022/09/25/wingtech-takes-flight/ |access-date=2024-10-25 |website=The Wire China |language=en-US}} Wingtech's main business includes semiconductor chip design, wafer manufacturing, optical imaging and communication product integration.{{Cite web |date=July 6, 2021 |title=China's Wingtech to buy biggest UK chip plant amid global crunch |url=https://asia.nikkei.com/Business/Tech/Semiconductors/China-s-Wingtech-to-buy-biggest-UK-chip-plant-amid-global-crunch |access-date=2023-03-27 |website=Nikkei Asia |language=en-GB |archive-date=2024-09-22 |archive-url=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 |url-status=live }} 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.{{Cite news |last=Courea |first=Eleni |date=2022-04-01 |title=UK ministers quietly approve Chinese microchip factory takeover |language=en-US |website=POLITICO |url=https://www.politico.eu/article/uk-minister-quietly-approve-chinese-microchip-factory-takeover/ |access-date=2022-04-01 |archive-date=2022-04-01 |archive-url=https://web.archive.org/web/20220401035412/https://www.politico.eu/article/uk-minister-quietly-approve-chinese-microchip-factory-takeover/ |url-status=live }}{{Cite news |last= |date=2022-11-16 |title=UK orders China's Nexperia to sell at least 86% of microchip factory |language=en |work=Reuters |url=https://www.reuters.com/technology/uk-orders-chinas-nexperia-sell-least-86-microchip-factory-2022-11-16/ |access-date=2022-11-16 |archive-date=2022-11-16 |archive-url=https://web.archive.org/web/20221116210510/https://www.reuters.com/technology/uk-orders-chinas-nexperia-sell-least-86-microchip-factory-2022-11-16/ |url-status=live }}{{Cite news |last=Toh |first=Michelle |date=2022-11-17 |title=UK orders Chinese-owned company to sell Britain's biggest chipmaker |url=https://www.cnn.com/2022/11/17/tech/uk-blocks-chinese-takeover-chipmaker-intl-hnk/index.html |access-date=2022-12-04 |website=CNN |language=en |archive-date=2022-12-04 |archive-url=https://web.archive.org/web/20221204162412/https://www.cnn.com/2022/11/17/tech/uk-blocks-chinese-takeover-chipmaker-intl-hnk/index.html |url-status=live }} 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.{{Cite web |last=Kawakami |first=Takashi |date=November 10, 2023 |title=China's Wingtech to sell U.K. chipmaking plant amid security concern |url=https://asia.nikkei.com/Business/Tech/Semiconductors/China-s-Wingtech-to-sell-U.K.-chipmaking-plant-amid-security-concern |access-date=2024-09-22 |website=Nikkei Asia |language=en-GB |archive-date=2024-09-22 |archive-url=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 |url-status=live }}
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.{{Cite news |last1=Yang |first1=Jie |last2=Tilley |first2=Aaron |date=3 December 2022 |title=Apple Makes Plans to Move Production Out of China |work=The Wall Street Journal |url=https://www.wsj.com/articles/apple-china-factory-protests-foxconn-manufacturing-production-supply-chain-11670023099 |access-date=4 December 2022 |archive-date=12 June 2024 |archive-url=https://web.archive.org/web/20240612184257/https://www.wsj.com/articles/apple-china-factory-protests-foxconn-manufacturing-production-supply-chain-11670023099 |url-status=live }}
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.{{Cite web |last=Freifeld |first=Karen |date=2 December 2024 |title=Latest US strike on China's chips hits semiconductor toolmakers |url=https://www.reuters.com/technology/latest-us-strike-chinas-chips-hits-semiconductor-toolmakers-2024-12-02/ |access-date=November 3, 2024 |website=Reuters}}
References
{{Reflist}}
External links
- {{Official website}}
{{Electronics industry in China}}
Category:Semiconductor companies of China
Category:Government-owned companies of China
Category:Companies based in Zhejiang