Company: DSWL
Filing Date: 2025-04-21
Form Type: CORRESP
Source: 0001174947-25-000600
Chunk: 3

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-04-21
Form: CORRESP
Chunk 3
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 16, 2021 determination and removing Mainland China and Hong Kong from the list of jurisdictions where it is unable to completely inspect or investigate registered public accounting firms, and a statement released from the Chairman of the PCAOB stated that the PCAOB has secured complete access to inspect and investigate such registered public accounting firms headquartered in Mainland China and Hong Kong.”

| 5. | We note your risk factor disclosure on page 22 that states “Deswell and our PRC subsidiaries                                                    
 (i) are not required to obtain permissions from the China Securities Regulatory Commission, or the CSRC, (ii) are not required to go through    
 cybersecurity review by the Cyberspace Administration of China, or the CAC, and (iii) have not been asked to obtain or were denied such         
 permissions by any PRC authority.” In your future filings, please disclose here in the Key Information section more prominently                 
 whether you relied on counsel in determining you are not required to obtain permissions from or complete filings with the CAC and CSRC,         
 and if you did, name your PRC counsel. If you did not rely on counsel, please revise to discuss how you came to that conclusion and explain     
 why you did not need to consult with counsel in that instance. Additionally, please describe the consequences to you and your investors         
 if you or your subsidiaries: (i) do not receive or maintain such permissions or approvals, (ii) inadvertently conclude that such permissions    
 or approvals are not required, or (iii) applicable laws, regulations, or interpretations change and you are required to obtain such permissions 
 or approvals in the future. Additionally, please update your risk factor disclosure accordingly.                                                |

April 21, 2025
Page 6

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 strikethroughs
and underlines showing the changes against the disclosure in the Annual Report) as follows:

Part I, Item 3. Key Information, page 5

“Permissions and Licenses Required from the PRC government for Our Operations and Overseas Securities Offerings

April 21, 2025
Page 7

April 21, 2025
Page 8

”

Part I, Item 3. Key Information, Risk Factors, page 21

“Permissions required from the PRC authorities for our operations could change requiring us to obtain additional licenses or abide by new