Apple supplier Shenghua abandoned the touch industry to switch to new business such as LED lighting
March 30, 2023
According to reports, Taiwan's Wintek Technology (Wintek) is under pressure from operations and will again lay off employees. It will dismiss 2,360 employees in Taiwan from Wednesday (17th). In the future, Shenghua has only about 300 employees in Taiwan, and only about 6% of the manpower in its heyday. It is reported that Shenghua will withdraw from the manufacture of touch panels and transform new businesses such as biotech food and LED lighting. According to previous data, Shenghua Technology has been one of the major suppliers of Apple's iPhone and iPad touch screens.
Huang Xianxiong, chairman and general manager of Shenghua, confirmed on the 14th that Shenghua will be able to streamline operations, and three factories including Suzhou Union, Dongguan Wanshida and Dongguan Songshan Lake have been completely shut down and launched large-scale dismissal operations; Large-scale layoffs will also be made, and only the Tanzi factory will be left in the future.
After the reorganization of the financial crisis, Shenghua started the compact project in September, and successively shut down a TFT-LCD factory in Taoyuan Yangmei, and the Taichung factory, and began mass layoffs.
Shenghua will dismiss 2,360 employees in Taiwan in batches starting this Wednesday. The company's internal rough estimate, as of the end of this month, Taiwan's factory area will automatically resign, the number of layoffs will reach 4,300, leaving only about 300 people in the future, only about 6% of the manpower. Huang Xianxiong is not willing to talk more. It is reported that Shenghua will completely withdraw from the manufacture of touch panels and transform new businesses such as biotech food and LED lighting.