Wits

What Wits does

Wits Co., Ltd. (위츠) is a Korean power transmission solution company founded in April 2019 through the carve-out of Samsung Electro-Mechanics' wireless charging business, listed on KOSDAQ (ticker 459100) in November 2024. The company designs and manufactures wireless power transfer modules using magnetic induction technology for smartphones, wearables, vehicles, home appliances, and gaming displays, along with power communication control modules for automotive electronics. Its product portfolio spans integrated WPC/MST/NFC receiver (Rx) and transmitter (Tx) antennas, automotive modules including Central Gateway cybersecurity controllers, Body Control Modules, Smart Key Modules, ETCS terminals, UWB modules, and Low Voltage DC-DC Converters, Ki-standard 2.2kW wireless power systems for home appliances, and customized LCD/LED/OLED/TOLED gaming displays with patented curved mini-LED and bezel-less touch technology.

The company operates a B2B OEM business model, selling components directly to manufacturers for embedding into their end products. Its customer base includes Samsung Electronics (exclusive supplier of wireless charging authentication chips for Samsung LSI and official SMAPP partner), the Hyundai Motor Group (Hyundai Motor Company, Hyundai Mobis, Hyundai Kepco), KG Mobility, GS ChargEV, RobotiQ, Cerebrum (Turkey), WiTricity (USA), and global casino gaming OEMs in Las Vegas, Europe, Korea, and Taiwan. Pricing is quote-based and not publicly disclosed; revenue is generated through hardware module sales with no direct-to-consumer channels.

Revenue grew from KRW 99.5 billion in 2023 to KRW 168.7 billion in 2025 (86% YoY in 2025), driven by automotive module expansion, gaming display entry in February 2025, and EV charger certifications. Operations span a headquarters in Yongin-si, R&D centers in Suwon-si, and a wholly owned production subsidiary in Hanoi, Vietnam (established 2019, expanded 2022). Wits also fully integrated Beyond_i Co., Ltd. as a subsidiary in July 2025 to extend its automotive power communication control capabilities. The company holds multiple regulatory certifications (OCPP 1.6, KC, Ki 2.2kW, WPC Qi, VAS) and participates in Korean government R&D programs including the Ministry of Trade, Industry and Energy's World Class Plus project.

Name

Wits

Legal name

WiTS Co., Ltd.

Website

https://ewits.co.kr

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

101–250 employees

Short description

Wits Co., Ltd. (위츠) is a Korean B2B OEM supplier that designs and manufactures wireless power transfer modules and automotive power electronics for Samsung Electronics, Hyundai Motor Group, KG Mobility, and global gaming OEMs, listed on KOSDAQ since November 2024.

Ownership category

akta.pro rank

Product category

Wireless Power Transmission Components

NAICS

Computer and Peripheral Equipment Manufacturing (33411), Computer Terminal and Other Computer Peripheral Equipment Manufacturing (334118)

SIC

Electronic Components & Accessories (3670), Computer Peripheral Equipment, Nec (3577)

akta.pro primary industry

Mobile & Wireless Connectivity SoCs (Modem/Wi‑Fi/Bluetooth/GNSS) (HDAHABAA)

akta.pro secondary industries

Electronic Table Games (ETGs) & Stadium Gaming Terminals (MPAEANAC), Gaming Peripherals & Player Interface Hardware (Bill/Ticket Validators, Printers, Touchscreens) (MPAEANAE), General-Purpose Logic & Microcontrollers (MCU/MPU) (HDAHAAAA)

Keywords

• Wireless charging modules
• Automotive power electronics
• Power transmission components
• Ki standard wireless power
• Gaming display OEM

Headquarters

HQ city

Seongnam

HQ country

South Korea

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Wireless Charging Modules (Rx/Tx): Sale of wired/wireless charging receiver (Rx) and transmitter (Tx) modules for smartphones, wearables, and mobile devices. Revenue from module component supply to Samsung Electronics and other device manufacturers.
2. Automotive Power Electronics: Supply of automotive power communication control modules (CGW, BCM, SKM, ETCS, UWB, LDC) to global automotive OEMs including Hyundai Motor Company, KG Mobility, and Hyundai Mobis. Includes EV charging solutions.
3. Home Appliance Wireless Power Systems: Sale of Ki-standard wireless power transmission systems and next-generation smart induction solutions for home appliances.
4. Gaming Display Solutions: Supply of flat, curved, and button deck displays with LED deco and mini LED solutions for global casino gaming OEMs. Customized display solutions with in-house R&D, firmware, and LED control.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Wits is a B2B OEM supplier of wireless power transmission modules and automotive power-electronics control modules. It designs and manufactures Rx/Tx wireless charging modules for smartphones and wearables (WPC/MST/NFC integrated antennas), automotive power communication control modules (CGW, BCM, SKM, UWB, ETCS, LDC) and EV charging solutions, Ki-standard (up to 2.2kW) wireless power platforms for home appliances, and customized gaming display solutions (LCD, LED, OLED, TOLED) for global casino gaming OEMs.

Product overview

Wits is a power transmission solution company offering wireless and wired charging products across three main categories: IT (mobile and wearable wireless charging modules), Automotive (power communication control modules including gateways, body control, smart keys, and EV charging solutions), and Home Appliance (Ki standard wireless power systems for kitchen appliances). The company also operates a Gaming Display division supplying customized LCD, LED, OLED, and TOLED display solutions for the global casino gaming industry. The product portfolio includes power reception (Rx) and transmission (Tx) modules for smartphones and wearables, automotive electronic control modules, and industrial display solutions with wireless charging integration.

Differentiator

Problem solved

Functional benefit

Brands

• WiTS Gaming Display: Gaming display technologies division targeting global casino gaming industry OEMs, offering LCD, LED, OLED and TOLED panel technologies with casino grade components

Products and services

• Power Reception Module (Rx) - Mobile Wireless power receiver modules for smartphones that integrate WPC (Qi standard), MST (Samsung Pay), and NFC antennas into a single unit for device OEMs.
• Power Reception Module (Rx) - Wearable Waterproof/dustproof wireless power receiver antennas for smart watches, earbud cradles, and smart ring cradles, including NFC-only chip antennas for Galaxy Smart Ring and Galaxy Watch Series.
• Power Transmission Module (Tx) Wireless charging transmitters for mobile and wearable devices that enable power transfer without physical connections for OEM charger products.
• Central Gateway (CGW) Automotive cybersecurity controller that manages all in-vehicle communication, monitors abnormal communication behavior, and protects vehicle controllers from cyber attacks for global automotive OEMs.
• Body Control Module (BCM) Vehicle body control module providing integrated control of convenience features and required vehicle operating functions for automotive OEMs.
• Smart Key Module (SKM) Automotive smart key module enabling hands-free vehicle entry and push-button start functionality for vehicle manufacturers.
• Electronic Toll Collection System (ETCS) Vehicle-mounted wireless or infrared communication terminal for seamless highway toll payment in vehicles.
• Ultra Wide Band (UWB) Module Short-range automotive wireless communication module operating at very high frequency with low power consumption, capable of replacing vehicle smart keys.
• LDC Module (Low Voltage DC-DC Converter) Automotive converter system that transitions high-voltage battery power to 12V low-voltage battery for vehicle electrical systems, supporting EV power architectures.
• Ki Standard Wireless Power System Ki-international-standard wireless power transmission system for home appliances using electromagnetic induction at 20kHz-74kHz with NFC-based communication, supporting 50W to 2.2kW power for appliances ranging from fans to air fryers.
• Gaming Display - Flat Displays Customized flat display panels for the casino gaming industry, available in sizes 7" to 43" with NFC, LED deco, and mini-LED options.
• Gaming Display - Curved Displays Dual-curvature gaming display solutions with LED Deco options, ranging from 43" to 55" with 1500R to 3000R curvature options, including world's first 35R curved mini-LED integration.
• Gaming Display - Button Deck Advanced gaming machine button decks with integrated wireless charging (10.1" to 15.6") using the world's first front bezel-less touch technology (domestic patent registered, international patent pending).
• EV Fire Prevention Slow Charger (OCPP 1.6) OCPP 1.6-certified electric vehicle slow charger with fire-prevention functionality, supplied under joint development agreements with Hyundai Kepco, KG Mobility, and GS ChargEV.
• Dual Mobile Wireless Charger for KGM SUV Vehicle-integrated dual mobile wireless charger supplied exclusively to KG Mobility for its core SUV lineup, combining WPC-standard Rx modules in a single automotive assembly.
• Robot Wireless Charging Components (300W) 300W-grade wireless charging components for humanoid and industrial robots, enabling 24-hour continuous operation without manual charging interventions.

Quantifiable outcome

• Q1 2026 operating profit of 1.5B KRW, up 94.5% YoY
• +3 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature12 records

Partnerships

Ten partnerships are on record, tiered core and minor.

• 비욘드아이 (Beyond_i Co., Ltd.)coreOthers · 1 July 2026Wits subsidiary integration of Beyond_i Co., Ltd. in July 2025, with KGM business rights acquired in March 2024 and power communication control supply initiated. Beyond_i operates as a Wits subsidiary expanding the company's automotive electronics business.
• Cerebrum (세레브럼, Turkey)coreStrategic or Co-development Partner · 28 April 2026Wits signed a strategic general partnership agreement with Turkey's Cerebrum. The partnership serves as a stepping stone for Wits to target the European and Middle Eastern markets. Joint R&D activities between Korea and Turkey are being formalized to develop wireless power transmission solutions for new market applications.
• RobotiQ (로보티즈)coreStrategic or Co-development Partner · 13 April 2026Wits supplies 300W-grade robot wireless charging components to RobotiQ. The partnership extends beyond component supply to include joint design and development collaboration for robot wireless charging solutions. This positions Wits to capture the humanoid robot market as critical infrastructure for 24-hour robot operation.
• 로봇부품기업협회 (Robot Parts Enterprise Council)minorStrategic or Co-development Partner · 10 April 2026Wits participates in the Robot Parts Enterprise Council (로봇부품기업交流会) as part of its formalization of robot power solution business. The company is actively positioning its wireless power technology as essential infrastructure for humanoid and industrial robots requiring continuous operation.
• Hyundai Kepco (현대케피코)coreStrategic or Co-development Partner · 1 November 2024Wits signed a joint development and supply agreement with Hyundai Kepco for EV fire prevention slow chargers. Combines Wits' charging technology with Hyundai Kepco's EV infrastructure capabilities.
• Hyundai Motor CompanycoreStrategic or Co-development Partner · 1 April 2024Wits registered as a Hyundai Motor Company partner and is developing Power LDC (Low Voltage DC-DC Converter) for automotive applications. This is a formal supplier registration with a co-development component.
• Hyundai MobiscoreStrategic or Co-development Partner · 1 September 2023Wits registered as a Hyundai Mobis partner and is developing battery LDC (Low Voltage DC-DC Converter) for automotive applications. Formal supplier development relationship.
• WiTricity (USA)coreTechnology or Integration · 1 May 2023Wits signed an agreement for wireless power transmission technology with WiTricity, USA in May 2023. WiTricity is a leading US company in wireless power transfer technology. This technology agreement enables Wits to access advanced wireless power transmission technology for integration into its product portfolio.
• KG Mobility & GS ChargEVcoreStrategic or Co-development Partner · 1 May 2023Wits signed an MOU with KG Mobility and GS ChargEV for cooperation on EV wireless charging business. This partnership combines automotive OEM expertise (KGM) with EV charging infrastructure (GS ChargEV) to develop and supply EV wireless charging solutions.
• GS ChargEVcoreStrategic or Co-development Partner · 1 May 2023Wits signed a joint development agreement for electric vehicle wired chargers with GS ChargEV (G사 전기차 유선충전기 공동 개발 협약). Wits also holds an EV wireless charging business cooperation MOU with GS ChargEV and KG Mobility.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• WiTricity: WiTricity is a US-based leader in resonant wireless power transfer technology for EVs, mobile, and industrial applications. Wits signed a technology agreement with WiTricity in May 2023 and is both a licensee and a competitive supplier in EV wireless charging.
• Renesas Electronics (IDT): Renesas, via its acquisition of Integrated Device Technology (IDT), is a leading supplier of wireless charging ICs and automotive microcontrollers. Wits competes head-on in wireless power ICs/modules for mobile devices and shares the automotive electronics market.
• LG Electronics Vehicle Components: LG Electronics' Vehicle Components division supplies automotive electronics, infotainment, and ADAS modules to global OEMs including Hyundai/Kia. Directly comparable as a Korean automotive electronics supplier targeting similar OEM customers.

Broad incumbents

• NXP Semiconductors: NXP provides wireless charging solutions alongside a broader portfolio of automotive, NFC, and connectivity semiconductors. Wits competes for design wins in mobile wireless charging and automotive modules (BCM, SKM, CGW).
• Texas Instruments: Texas Instruments manufactures wireless power transmitters/receivers and a wide range of analog and embedded processing semiconductors. Comparable as a competitor in wireless charging ICs and adjacent automotive power management.
• STMicroelectronics: STMicroelectronics offers wireless charging ICs and a broad automotive electronics portfolio including body and gateway controllers. Wits faces STMicroelectronics in both wireless power and automotive control module design slots.
• Hyundai Mobis: Hyundai Mobis is Hyundai Motor Group's core automotive module supplier (body control, chassis, driver assistance). Wits is a registered partner supplying battery LDC to Mobis, but Mobis itself is the incumbent tier-1 for Hyundai/Kia platforms.
• Samsung Electro-Mechanics: Samsung Electro-Mechanics is the predecessor of Wits' core wireless charging business, which was carved out to form WiTS in April 2019. Comparable as the historical parent and still active in MLCC, camera modules, and substrate manufacturing.
• Continental AG: Continental AG is a major tier-1 supplier of automotive body electronics, gateways, and connectivity modules. Comparable as an incumbent in automotive power communication control modules where Wits is seeking design wins.
• Visteon Corporation: Visteon is a tier-1 automotive electronics supplier specializing in cockpit controllers, body domain modules, and display modules. Comparable as a competitor for automotive electronic control unit (ECU) and display design slots in the same OEM customer base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wits