On May 13, Xinwei Communications announced the company's recent investor research activities. Among them, the future plans and goals of several major businesses of Xinwei Communication were interpreted.
The company talked about that between 2020 and 2022, we believe that technology is the first factor that drives the company's growth. We have made a lot of preparations in terms of materials and technology. Taking wireless charging as an example, the world's top mobile phone manufacturers are all Xinwei's customers. We are the only wireless charging core supplier that also covers the world's top mobile phone manufacturers. Our share of supply to customers has expanded from 20% -30% to 50% and will be even greater in the future.
It is understood that Xinwei's current wireless charging customers include large North American customers, Android customers, and automotive customers. The company said that customers have high recognition of the company, and many new projects have taken the initiative to find Xinwei. At present, we and our customers are already developing new products in 2022 and beyond.
Xinwei Communication pointed out: "From the perspective of market and growth, wireless charging will become a trend. Both North American customers and Android customers have begun to adopt wireless charging. I believe that there will be more and more applications in the future, and the market space is very large. From a technical point of view, the charging efficiency and charging power of wireless charging are constantly improving, and they need to be solved from the material side. We have made long-term planning in wireless charging, and our share in customers is constantly increasing, and the product form is also achieved from Rx. Tx, product applications have also expanded from mobile phones to wireless headsets, tablets, laptops, watches, smart cars, smart homes, and IOT products. We will grow rapidly in this business and achieve billions of revenues in the future. "
In addition, we have also made plans on the product side, and laid out many products around the pan-RF, such as 5G antennas, wireless charging Rx / Tx, LCP modules, wireless connection modules, RF front-ends, etc. In the second half of this year or next year See a large number of Xinwei's technology and product shipments. It is worth noting that Xinwei Communication said that in the RF front-end, it currently starts with some single filters or switches. In the future, it will definitely be a module. In the past two years, the patent and capacity issues will be solved first.
At present, 5G communication puts forward higher requirements for antennas. The future trend is high frequency and miniaturization, which is also a challenge for materials.
Xinwei Communication pointed out that in recent years, we have had a lot of cooperation with Japanese material companies to develop products together. We have formed a strategic alliance with these material companies to improve the materials and then make the finished products to match the customized needs of customers. These material companies have also formed a strong dependence on us. The arrival of the 5G era has great opportunities for us, and we are ready for materials and technology. We have also started to reserve materials and technologies for 6G. In terms of LCP, we have been laid out for a long time. From LCP film to product integration, we have made good progress.
Xinwei Communication also introduced that the Changzhou base has been officially opened in October 2019. At present, there are 10 plants, most of which have been planned and put into use one after another. The business of the Changzhou base mainly includes wireless charging, automotive electronics, BTB connectors, inductive materials, polymer materials, etc. The construction of the Changzhou base has laid a good production capacity foundation for the company's future growth. Many important domestic and foreign customers have already gone to the Changzhou base Visit and exchange, and expect Xinwei to participate more in their business cooperation.
