US-sanctioned Wingtech shifts focus to chips, citing geopolitics
Wingtech Technology, one of Apple’s suppliers in China, plans to divest its consumer-electronics contract manufacturing business and focus on semiconductors due to “changes in the geopolitical environment”, weeks after it was added to a trade blacklist by the US.The Shanghai-listed company has agreed to sell nine wholly owned subsidiaries in relation to its product integration business – covering the production of smartphones, tablets, laptops and other electronics devices – to the parent compan...
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