World NM: China Smartphone Assembler Says U.K. Chip Plant Purchase ‘Complete’001470

China’s largest smartphone assembler Wingtech Technology on Monday said it has completed its acquisition of the U.K’.s largest chip plant.
The acquisition also came as China’s largest contract chipmaker Semiconductor Manufacturing International Corp. remains blacklisted by the U.S. government, restricting its access to American chip production tools needed to facilitate its tech advancement.
This year, Wingtech acquired factories from O-film Tech, a Chinese smartphone camera-module maker, after the latter was blacklisted by the U.S. government and removed from Apple’s supply chains over its alleged use of forced labor involving China’s Uyghur Muslim minority.

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