Wingtech Inks $791M Smart Home Deal With Apple
Wingtech, a manufacturing company that assembles smartphones and other consumer electronics, announced on Thursday that it has carried out a number of business cooperations with an overseas customer, covering fields including computers and smart homes. Mass production and shipment of the 5 billion yuan ($791 million) project is already underway.
China Securities Journal reporters learned from supply chain sources that the overseas customer mentioned by Wingtech refers to Apple, and its cooperation regarding the smart home project alone reaches about 5 billion yuan.
Last year, Wingtech entered Apple’s supply chain by acquiring the related assets of Apple’s original partner Ofilm. In October last year, Wingtech passed Apple’s examination and got the exclusive assembly order for Apple’s new MacBook Air in 2022. Wingtech has started to establish production lines in the Chinese provinces of Zhejiang, Jiangsu and Yunnan. In addition, Wingtech obtained other orders from Apple.
According to Wingtech, the company’s product integration business has expanded from smartphones to tablets, laptops, IoT, servers and automotive electronics, which enables the company to accumulate rich experience in R&D and manufacturing. The cooperation between the company and specific overseas customers will have a positive impact on the company’s operating results in 2022 and future years.
