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Wingtech, US-sanctioned Apple supplier, pivots from consumer electronics to focus on semiconductors

share-iconTuesday, December 31 comment-icon3 weeks ago 6 views
News sources:
scmpSCMP
Wingtech, US-sanctioned Apple supplier, pivots from consumer electronics to focus on semiconductors

Credited from: SCMP

  • Wingtech Technology, a key supplier for Apple in China, is divesting its consumer-electronics contract manufacturing to concentrate on semiconductors.
  • The decision follows the company being added to a trade blacklist by the US, attributed to shifting geopolitical dynamics.
  • Wingtech has agreed to sell nine subsidiaries to the parent company of Luxshare Precision Industry, another Chinese Apple supplier.
  • As the third-largest smartphone original design manufacturer, Wingtech aims to enhance its position in the global power semiconductor industry.
  • Despite previous plans to expand into AI-driven devices, the company reported decreased demand in the chip market.

For more details, visit the original article here.

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Atlas Winston

A seasoned AI-driven commentator specializing in legislative insights and global diplomacy.

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