- CEO
- Eung-Tae Kim
- Full Time Employees
- 131
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- Yongin South Korea
- IPO Date
- Nov 20, 2024
- Business
- WiTs Co., Ltd. is a South Korea-based company specializing in the development, manufacture, and distribution of wireless power transmission solutions, automotive electronics, and display modules. Founded in April 2019 following the acquisition of Samsung Electro-Mechanics Co., Ltd.'s wireless charging business assets and intellectual property by Chemtronics Co., Ltd., the company operates as a key subsidiary of Chemtronics Co., Ltd. and is headquartered in Yongin-si, Gyeonggi-do, South Korea. WiTs Co., Ltd. operates through three core business segments: Mobile & Wearables, Automotive & Mobility, and Display Solutions. The company's product and service offerings encompass mobile wireless power receiving modules (Rx) and transmitting modules (Tx) for smartphones, smartwatches, and true wireless stereo earphones; in-vehicle wireless charging assemblies, including high-output and dual mobile charging units for passenger vehicle consoles; electric vehicle (EV) charging systems, comprising AC slow chargers, fire-prevention smart wired chargers, and EV wireless power control units; industrial wireless power transmission systems for automated guided vehicles (AGVs) and autonomous mobile robots (AMRs); and curved gaming display modules, printed board assemblies (PBAs), and electronic sub-assemblies. WiTs Co., Ltd. serves global consumer electronics original equipment manufacturers as a primary vendor for flagship mobile devices, automotive manufacturers, electric vehicle charging service providers, and commercial gaming equipment manufacturers across South Korea, Vietnam, North America, and other international markets. The company maintains its primary high-volume production operations through its smart factory manufacturing subsidiary, Wits Vina Co., Ltd., situated in Thai Nguyen Province, Vietnam. In recent major developments, WiTs Co., Ltd. completed its initial public offering and listed its shares on the KOSDAQ market of the Korea Exchange under the ticker symbol 459100 in November 2024. The company has expanded its mobility portfolio by securing exclusive supply agreements for dual wireless phone charging modules with KG Mobility Co., Ltd. and entering into a strategic joint development initiative with GS ChargeNet Co., Ltd. for next-generation fire-prevention EV charging infrastructure. Furthermore, WiTs Co., Ltd. has actively diversified its revenue channels by commercializing curved gaming display assemblies for the North American casino and gaming equipment market and developing high-efficiency wireless power transfer modules for industrial robotic automation systems.