Luxshare Precision Industry Co. Ltd.
TypePublic
SZSE: 002475
IndustryElectronic connector manufacturing
Founded2004 (2004)
FounderWang Laichun
HeadquartersBao'an District,
Shenzhen, Guangdong
,
China
ProductsElectronic components
Revenue35,849,960,000 renminbi (2018) Edit this on Wikidata
Simplified Chinese立讯精密工业股份有限公司
Websitewww.luxshare-ict.com

Luxshare Precision Industry Co. Ltd., also known as Luxshare-ICT, is a Chinese electronic components manufacturer.

History

Wang Laichun is the company's chairwoman, and co-founder.[1] Wang founded Luxshare after ten years at Foxconn. Her brother Wang Laishen is Luxshare's vice chairman and is also ex-Foxconn.[2] Wang Laichun's leadership style is seen as similar to Foxconn's Terry Gou.[3]

Luxshare was founded in 2004 in Dongguan, China. The company designs and manufacturers computer cables; it is also a key assembler of AirPods for Apple Inc.[4] The company was listed publicly on the SME board of the Shenzhen Stock Exchange in 2010.[5]

In 2020, Luxshare became an iPhone assembler after acquiring two iPhone assembly plants from Wistron.[6]

In 2022, Luxshare was accused by Taiwanese prosecutors of stealing trade secrets. They were alleged to have poached much of competitor Catcher Technology's China based research and development team, this combined with the theft of trade secrets from Catcher is alleged to have allowed Luxshare to rapidly enter Apple's supply chain.[7]

During the 2022 COVID-19 protests in China, Luxshare was reported by The Wall Street Journal to gain an additional foothold in Apple's supply chain following protests at a Foxconn factory in the Zhengzhou Airport Economy Zone.[8]

As of July 2023, Luxshare was reportedly the initial and only contract manufacturer for Apple's Vision Pro virtual reality headset.[9]

See also

References

  1. ↑ "About Us_Luxshare-ICT". Retrieved 2021-09-16.
  2. ↑ Sanghani, Radhika (4 March 2014). "World's 5 richest self-made women - how did they do it?". The Daily Telegraph. Retrieved 12 November 2014.
  3. ↑ LI, LAULY; TING-FANG, CHENG. "Luxshare grows into China's iPhone champion with help from Apple". asia.nikkei.com. Nikkei.
  4. ↑ Felicitas, Shintya (2019-04-05). "Despite trade war: Apple has more Chinese suppliers than ever". AsiaFundManagers.com. Retrieved 2020-01-28.
  5. ↑ "About Us_Luxshare-ICT". Retrieved 2021-09-16.
  6. ↑ "Apple supplier Luxshare plans share issue to fund new production lines". reuters.com. Reuters. 21 February 2022. Retrieved 15 July 2022.
  7. ↑ "Taiwan accuses Chinese Apple supplier of stealing secrets, charges 14". cnbc.com. CNBC. Retrieved 15 July 2022.
  8. ↑ Yang, Jie; Tilley, Aaron (3 December 2022). "Apple Makes Plans to Move Production Out of China". The Wall Street Journal. Retrieved 4 December 2022.
  9. ↑ Times, Financial (2023-07-03). "Apple forced to make major cuts to Vision Pro headset production plans". Ars Technica. Retrieved 2023-07-03.
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