The invention discloses process method and device for high-performance wire rod production, and belongs to the technical field of severe plastic deformation fine grains. The process method can obtaina finished product with an invariable section size through the steps of material selection and cleaning, ultrasonic impact strengthening treatment preparation, ultrasonic impact strengthening treatment, two-piece welding and multi-pass rolling treatment, and a finished product with a uniformly thinned section size can be obtained after one-time ultrasonic impact strengthening treatment; and a low-temperature ultrasonic rolling impact device comprises a closed container filled with cooling liquid, an ultrasonic transducer, an ultrasonic tool head, a rigid impact roller column, an ultrasonic power supply, a rigid roller, a roller driving motor, a pressure cylinder, a spring and a traction transmission mechanism. According to the process method, uniform and efficient grain refinement can be realized on a wire rod or a strip with the micron-sized thickness, and the comprehensive mechanical property of the material is obviously improved; and the device can realize the low-temperature ultrasonic impact SPD strengthening treatment of the wire rod or the strip and can meet requirements of two impact treatment modes.