Company: DSWL
Filing Date: 2025-05-12
Form Type: CORRESP
Source: 0001174947-25-000732
Chunk: 0

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-05-12
Form: CORRESP
Chunk 0
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May 12, 2025 United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549

| Attention: | Ms. Jeanne Baker     
 Mr. Al Pavot         
 Mr. Nicholas O’Leary 
 Mr. Conlon Danberg   |

| Re: | Deswell Industries Inc.        
 Form 20-F filed August 9, 2024 
 File No. 001-33900             |

Dear Ladies and Gentlemen: On behalf of our client, Deswell Industries Inc., a company organized under the laws of the British Virgin Islands (the “ Company”), we respond to the comments contained in the letter from the staff (the “ Staff”) of the Securities and Exchange Commission (the “ Commission”) dated May 5, 2025 (the “ Comment Letter”), relating to the Company’s annual report on Form 20-F for the fiscal year ended March 31, 2024 filed with the Commission on August 9, 2024 (the “ Annual Report”). Set forth below are the Company’s responses to the Staff’s comments in the Comment Letter. For your convenience, each comment is reproduced in bold-face type below, followed by the Company’s response. Annual Report on Form 20-F For Fiscal Year Ended March 31, 2024 Summary of Risk Factors, page 6

| 1. | We note your proposed revisions in response to prior comment 8. We reissue the comment in part. In                                               
 your future filings in your summary of risk factors, please describe the significant regulatory and enforcement risks. For example, specifically 
 discuss risks arising from the legal system in China, including risks and uncertainties regarding the enforcement of laws and that rules         
 and regulations in China can change quickly with little advance notice. We note your proposed disclosure that the Chinese government may         
 intervene or influence your operations and offerings conducted overseas. Please acknowledge the risks by the Chinese government to also          
 exert more oversight and control over those operations and offerings conducted overseas and/or by foreign investment in China-based issuers.     |

Response:In response to the Staff’s comment, the Company respectfully proposes to revise the disclosure in its future filings on Form 20-F (with strikethroughs and underlines showing the changes against the disclosure in the Annual Report) as follows:

May 12, 2025
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Part I, Item 3. Key Information, Summary of Risk Factors, page 6

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