China’s Wingtech cuts loose ODM drag, races toward semiconductor pure play

Wingtech Technology announced its 2024 full-year and 2025 first-quarter results on April 25, underscoring an accelerated shift toward its semiconductor business. Wingtech posted 2024 revenue of CNY73.598 billion (US$10.1 billion), up 20.23% compared to the previous year, while swinging to a net loss of CNY2.833 billion due to impairments tied to its product integration (ODM) business after being added to the US Entity List.

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FICG rides Johor-Singapore SEZ momentum, eyes deeper expansion with clients in tow

FIC Global, Inc. (FICG), a leading optical communication module provider, is accelerating its Southeast Asia expansion as momentum builds around the Johor-Singapore Special Economic Zone (JS-SEZ). The company has announced plans to establish a new production base in Johor, Malaysia, to meet customer demands for diversified manufacturing locations and capitalize on the zone’s first-mover benefits.

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Dixon, Tata to apply for the latest PLI while HP doubles India PC manufacturing through Dixon

Dixon Technologies, an electronics manufacturing services company, plans to enter electronics component manufacturing for its own use before expanding to exports. Meanwhile, Indian outlets citing sources indicate Tata Electronics may invest INR20 billion (US$234.11 million) in component manufacturing under the government’s INR230 billion (US$2.69 billion) incentive scheme, a rumor Tata Electronics declined to comment on.

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