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Company News About Blockbuster! Wentai Technology sold its ODM business to Lishun and will focus on semiconductor business in the future

Blockbuster! Wentai Technology sold its ODM business to Lishun and will focus on semiconductor business in the future

2024-12-31

Wentai Technology Co., Ltd. announced that it had signed a contract with Luxshare on December 30, 2024
limited (hereinafter referred to as "Lichon Limited") has entered into an Agreement of Intent to Sell to transfer to Lichon Limited or its designee the equity interests and underlying operating assets of nine underlying companies owned by the Company and its controlling subsidiaries in connection with the product integration business. The transaction is intended to be in cash and does not involve the issue of shares. The scope of the transaction is the subsidiary equity and related operating assets related to the product integration business, and does not involve its semiconductor business. The transferred business has high-quality customer resources, deep ODM research and development heritage and excellent manufacturing capabilities. It is understood that the product integration business of Wentai Technology started from the design of mobile phone solutions, and in 2008, forward-looking self-built complete machine manufacturing factory, successfully realized the vertical integration from design to manufacturing, becoming the first mobile phone ODM enterprise in China. Since then, the company has expanded its business areas, extending from the mobile phone field to the diversified markets such as tablet, laptop, AIoT, home appliances, and automotive electronics, showing a diversified development pattern. After the completion of this transaction, Wentai Technology will focus its resources on semiconductor business, consolidate and enhance its dominant position in the first echelon of the global power semiconductor industry, further optimize resource allocation, improve operational efficiency, and enhance sustainable profitability and risk resilience.

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Blockbuster! Wentai Technology sold its ODM business to Lishun and will focus on semiconductor business in the future

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SMT Pick And Place Machines

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