Hengxuan Technology: vivo WATCH2 uses the company's BES2500 series chips

On January 7, Hengxin Technology stated on its investor interaction platform that vivo WATCH2 uses the company's BES2500 series chips.

Regarding the current size of the smartwatch market, Hengxin Technology stated that according to data from some research institutes, global shipments of smartwatches in 2020 will be approximately 91.4 million, of which domestic shipments will be approximately 40 million. In the long run, Hengxin Technology is optimistic about the growth of the smartwatch market. As more health detection functions are gradually improved on watches, smartwatches are expected to become a rigid demand for health management in the future, and their growth space will be very large.

When talking about the growth space of TWS business, Hengxin Technology believes that it still has a lot of room for growth in the TWS market. It said that from the perspective of TWS penetration rate, according to data from some research institutions, the penetration rate of non-A brand headphones relative to mobile phone shipments last year was about 10%, which is still at a relatively low level; from the perspective of replacing white-label products, the shipment volume of white-label TWS headphones last year was several times that of branded products, and the replacement of white-label products by brands is also a long-term trend.

Hengxin Technology said that our customers attach great importance to the TWS market and are actively investing in it. The technology and product reserves are constantly accumulating, and the company's chip capabilities are also rapidly iterating. Next year, it will release a new generation of flagship chips using the 12nm advanced process.

Regarding the growth drivers of the company's TWS business, Hengxin Technology said that on the one hand, the company benefited from the continued growth of the TWS industry; on the other hand, the company's supplier position to brand customers has become more solid, and its market share is expected to increase further in the future.

In addition, facing the competition in the WiFi market, Hengxin Technology revealed that the technical barriers of WiFi are relatively high, especially in the field of high-speed WiFi. It is reported that last year, Hengxin Technology entered the market through the innovative WiFi 4 smart speaker SoC chip, laying the foundation for the layout of smart home SoC and WiFi technology. Its dual-band WiFi (2.4GHz and 5GHz) products have been mass-produced and shipped to brand customers, and its technical strength in the WiFi field has been recognized by customers. In addition, Hengxin Technology is currently making relatively smooth progress in the research and development of WiFi 6 technology.