Will Semiconductor
 | |
| OmniVision Group | |
Native name | 上海韦尔半导体股份有限公司 |
| Company type | Public |
| Industry | Semiconductors |
| Founded | 15 May 2014 |
| Founder | Yu Renrong |
| Headquarters | Shanghai, China |
Key people | Yu Renrong (Chairman) Wang Song (CEO) |
| Revenue | Increase CN¥21.02 billion (2023) |
| Error creating thumbnail: CN¥543.82 million (2023) | |
| Total assets | Increase CN¥37.74 billion (2023) |
| Total equity | Increase CN¥21.50 billion (2023) |
Number of employees | 4,800 (2023) |
| Subsidiaries | OmniVision Technologies |
| Website | www |
| Footnotes / references [1] | |
Will Semiconductor (WillSemi; Chinese: 韦尔半导体; pinyin: Wéiěr Bàndǎotǐ) is a Chinese publicly listed fabless semiconductor company headquartered in Shanghai.
Its primary focus is on research and development for semiconductor design and sale of semiconductor devices. Its products are applied in the fields of mobile communications, vehicle electronics, Internet of things devices, and security products.
Together with its subsidiaries including OmniVision Technologies (OmniVision), the company does business as OmniVision Group.
Background
[edit | edit source]WillSemi was founded on 15 May 2007 by Yu Renrong.[2][3][4] He previously worked at Inspur.[5]
On 4 May 2017, WillSemi held its initial public offering becoming a listed company on the Shanghai Stock Exchange.[2]
Due to the lack of core technological competitiveness, WillSemi could only engage in the distribution business with low technological content. To improve its competitiveness, it has acquired various other semiconductor firms in the past decade.[2][4][6]
On 5 June 2017 it planned to acquire OmniVision but its main shareholder Zhuhai Rongfeng objected to the plan as it saw Wingtech was also interested in acquiring OmniVision leading to the first M&A attempt failing. After some changes in OmniVision shareholders, WillSemi made another attempt to acquire OmniVision in May 2018 with the deal being successfully completed in May 2019. The acquisition meant WillSemi could now enter the CMOS Image sensor (CIS) technology market as well as have leverage OmniVision's technical expertise to improve its semiconductor design capabilities.[2][3][4][5][6] The deal made WillSemi the world’s third-largest supplier of CIS, behind Sony and Samsung Electronics.[5]
In November 2023, WillSemi held a global depository receipt (GDR) offering on the SIX Swiss Exchange. Raising US$445 million, it was China's largest GDR offering since 2005.[7][8]
See also
[edit | edit source]References
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External links
[edit | edit source]
- Companies in the SSE 50 Index
- 2007 establishments in China
- 2017 initial public offerings
- Companies based in Shanghai
- Companies listed on the Shanghai Stock Exchange
- Companies listed on the SIX Swiss Exchange
- Electronics companies established in 2007
- Fabless semiconductor companies
- Semiconductor companies of China
- Companies in the CSI 100 Index
- 2007 in Shanghai