- Business
- Wingtech Technology Co., Ltd (600745.SS) is a China-based integrated device manufacturer principally engaged in the research, development, design, and manufacturing of semiconductors, electronic components, and smart terminal products across consumer, industrial, and automotive sectors. The company offers power semiconductors including small-signal diodes and power MOSFETs; new electronic components; optical and AIoT modules; intelligent terminals such as mobile phones, tablets, notebook computers, servers, automotive electronics, IoT devices, and home appliances; as well as related services encompassing ID design, structural engineering, hardware and software development, supply chain management, and technology R&D in mobile communications and materials. Founded in 1993 and headquartered in Jiaxing, Zhejiang Province, Wingtech operates globally with multiple R&D centers, fabrication plants, and assembly facilities, serving major clients in Asia and international markets while also maintaining a real estate business.
In a major strategic shift, Wingtech sold its consumer electronics system integration and ODM business to Luxshare Precision Industry Co., Ltd. for 4.389 billion yuan in June 2025, following regulatory approval, to refocus resources on its high-growth semiconductor operations amid geopolitical pressures including its addition to the US Entity List in December 2024. This transaction optimizes Wingtech's asset structure, alleviates debt pressures from elevated short-term borrowings, and bolsters its leadership in power semiconductors, with the semiconductor segment achieving robust revenue growth to 10.9 billion yuan in Q3 2024 at a 37% gross margin. The company continues to expand semiconductor capabilities worldwide, earning accolades such as the 2025 Enghua Award for A-share overseas demonstration and ranking among China's top semiconductor power device firms.