According to the China Securities Journal, Samsung Electronics has recently released mobile phone ODM orders for 2024. Among them, Wingtech Technology has undertaken more than 40 million mobile phone ODM orders, or it may become Samsung Electronics again. The largest ODM supplier.
ODM stands for Original Design Manufacturer, which refers to the original design manufacturer. Original design manufacturer is a production method in which the purchaser entrusts the manufacturer to provide all services from research and development, design to production and post-maintenance, while the purchaser is responsible for sales.
There are currently two production models in the mobile phone market: one is the self-research model for the high-end market, and the other is the outsourced design model for low-end models, which is the ODM/IDH production model, including Huawei and Samsung , Xiaomi, OPPO, vivo and other brands all have ODM models.
It is worth mentioning that Wingtech Technology is one of the "three giants" of global smartphone ODM. The company, Huaqin Technology, Longqi Technology, etc. together occupy more than 75% of the global smartphone ODM market. .
According to public reports, Wingtech Technology received Samsung’s ODM orders for 40 million mobile phones in 2022 and additional orders for more than 10 million units.
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