China handset-design house Wingtech aims to become ODM handset maker
China-based handset-design house Wingtech Group has emerged as the top handset solution vendor in China, and the company now aims to become an ODM handset maker, according to sources at the company and in the market.
Wingtech saw its shipments of handset solutions increase by more than four fold from four million units in 2006 to 18 million units in 2007, outpacing those from previous leaders, including TechFaith Wireless, Longcheer Group and SIM Technology, said market sources.
For 2008, the company expects its shipments of handset solutions, which comply with a number of standards, including GSM, CDMA, PHS and TD-SCDMA, will top 50 million units, indicated the company sources.
In addition to cooperating with China-based handset chipset vendor Spectrum Communications, Wingtech has also established business relations with other chipset vendors, including NXP Semiconductors and Marvell Technology, the sources noted.
In order to boost its profitability, Wingtech has decided to transform itself into an ODM handset maker by investing US$70 million to build a handset production base in Jiaxing, Zhejiang Province in China, said the sources, indicating that the production base aims to turn out 30 million handsets a year initially.
source
Wingtech saw its shipments of handset solutions increase by more than four fold from four million units in 2006 to 18 million units in 2007, outpacing those from previous leaders, including TechFaith Wireless, Longcheer Group and SIM Technology, said market sources.
For 2008, the company expects its shipments of handset solutions, which comply with a number of standards, including GSM, CDMA, PHS and TD-SCDMA, will top 50 million units, indicated the company sources.
In addition to cooperating with China-based handset chipset vendor Spectrum Communications, Wingtech has also established business relations with other chipset vendors, including NXP Semiconductors and Marvell Technology, the sources noted.
In order to boost its profitability, Wingtech has decided to transform itself into an ODM handset maker by investing US$70 million to build a handset production base in Jiaxing, Zhejiang Province in China, said the sources, indicating that the production base aims to turn out 30 million handsets a year initially.
source
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