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Wingtech TechnologyLtd (SHSE:600745) May Have Issues Allocating Its Capital
Wingtech Technology (600745.SH) strategic transformation: a deep analysis of the decision to focus the integrated Business on Semiconductors.
On December 30, 2024, Wingtech Technology announced the signing of a "Letter of Intent for Sale" with Luxshare Precision, intending to transfer part of the equity and operating assets related to the company's and its holding subsidiaries' product integration business to Luxshare Precision or its designated party. Overall, this decision not only reflects Wingtech Technology's strategy in response to geopolitical risks but also underscores its firm determination to deepen its efforts in the Semiconductors field. The foresight behind the strategic transformation regarding the reasons for the intended transfer of the product integration business, Wingtech Technology stated in the announcement, is based on changes in the geopolitical environment and the needs for business development in the future.
Wingtech Technology to Sell Product Integration Business Due to Geopolitics
Why is Wingtech Technology undergoing a strategic transformation at this time? | K Commentary
The effect of Wingtech Technology's recent Business adjustment will be how, and what kind of company it will be in the future is worth our continued attention.
Wingtech Technology (600745.SH) plans to transfer assets related to the Business of product integration to Luxshare Limited or its designated party.
Wingtech Technology (600745.SH) issued a notice that the company has partnered with Luxshare Precision...
The topic "Dong Mingzhu claims that she didn't take a penny from the state for making chips" is trending, with netizens commenting: Miss Dong's foresight has already shown results.
On December 17, news emerged that "Dong Mingzhu claims she has not taken a penny from the state for chip production" trending on Weibo this morning. It is reported that Dong Mingzhu, Chairwoman of Gree Electric, stated during a dialogue with Deng Qingxu, CEO of Sina Finance, in the segment "Zhengzhi Zhajian" that "Gree's chips have been successful." She explained that Gree has completed the entire Industry Chain from independent research and development, independent design, to independent manufacturing in the chip field, which has strengthened their confidence in quality control. She proudly stated, "What makes me happiest is building the chip factory without taking a penny from the state." In response, some netizens commented, "Miss Dong's foresight and decisiveness have already yielded results." Relevant reports.
Declining Stock and Decent Financials: Is The Market Wrong About Wingtech Technology Co.,Ltd (SHSE:600745)?
