Luxshare Precision acquires Wingtech Technology's ODM business

Luxshare Precision Industry Co., Ltd. announced that it will acquire some assets of Wingtech Technology, especially its ODM business. Wingtech Technology is a Chinese A-share listed company, with main businesses including semiconductor IDM, optical modules, and communication product integration. Luxshare Precision is a company dedicated to providing integrated intelligent manufacturing solutions from core components, modules to system assembly for consumer electronics, automotive fields, and enterprise communication products. This acquisition is expected to bring new growth opportunities for Luxshare Precision's consumer electronics business outside of Apple customers.