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Luxshare

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Luxshare
Native name
立讯精密
SZSE: 002475
Founded2004; 20 years ago (2004)
FounderWang Laichun
HeadquartersBao'an District, ,
ProductsElectronic components
Revenue35,849,960,000 renminbi (2018) Edit this on Wikidata
Websitewww.luxshare-ict.com

Luxshare, officially Luxshare Precision Industry Co.,Ltd and 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]

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.