US-sanctioned Apple supplier Wingtech shifts focus to chips, citing geopolitics

Wingtech Technology, one of Apple's suppliers in China, plans to divest its consumer-electronics contract manufacturing business and focus on semiconductors due to "changes in the geopolitical environment", weeks after it was added to a trade blacklist by the US. The Shanghai-listed company has agreed to sell nine wholly owned subsidiaries in relation to its product integration business - covering the production of smartphones, tablets, laptops and other electronics devices - to the parent compa