Company: DSWL
Filing Date: 2025-04-21
Form Type: CORRESP
Source: 0001174947-25-000600
Chunk: 0

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-04-21
Form: CORRESP
Chunk 0
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April 21, 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 March 13, 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 filed August 9, 2024 Introduction, page 3

| 1. | We note that your definition of “China” or “PRC” excludes Hong Kong and Macao.                                                         
 In your future filings, please clarify that the legal and operational risks associated with your operating in China also apply to your 
 operations in Hong Kong and Macao.                                                                                                     |

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: DETROIT | TROY | ANN ARBOR | CHEBOYGAN | GRAND RAPIDS

April 21, 2025
Page 2

Part I, Item 3. Key Information, page 4 “ Our Holding Company Structure Deswell was incorporated in the British Virgin Islands on December 2, 1993. Deswell is not an operating company but rather a holding company conducting its operations through Deswell’s subsidiaries, primarily in Macao and mainland China. This structure involves unique risks to investors and you may never directly