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Luxshare

From Wikipedia, the free encyclopedia
Chinese electronic components manufacturer
Luxshare Precision Industry Co. Ltd.
Native name
立讯精密工业股份有限公司
Company typePublic
SZSE:002475
CSI A50
IndustryElectronic connector manufacturing
Founded2004; 21 years ago (2004)
FounderWang Laichun
Headquarters,
China
ProductsElectronic components
RevenueUS$ 32,759 million (2023)[1]
US$ 1,547 million (2023)[1]
Total assetsUS$ 22,823 million (2023)[1]
Number of employees
232,585 (2023)[1]
Websitewww.luxshare-ict.comEdit this at Wikidata

Luxshare Precision Industry Co. Ltd. (also known asLuxshare-ICT) is a Chinese electronic components manufacturer, headquartered inBao'an, Shenzhen, Guangdong. It has been listed on theShenzhen Stock Exchange since 2010.[2]

History

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Wang Laichun is the company's chairwoman and co-founder.[3] Wang founded Luxshare after ten years atFoxconn. Her brother, Wang Laishen, is Luxshare's vice chairman and is also ex-Foxconn.[4] Wang Laichun's leadership style is seen as similar to that of Foxconn'sTerry Gou.[5]

Luxshare was founded in 2004 inDongguan, China. It designs and manufacturers computer cables; it is also a key assembler ofAirPods for Apple Inc.[6] The company has been listed publicly on the SME board of the Shenzhen Stock Exchange since 2010.[7]

In 2020, Luxshare became aniPhone assembler after acquiring two iPhone assembly plants fromWistron.[8]

In 2022, Luxshare was accused by Taiwanese prosecutors of stealing trade secrets from competitorCatcher Technology and of hiring much of the latter's China based research and development team, which is alleged to have allowed Luxshare rapidly to enter Apple's supply chain.[9]

During the2022 COVID-19 protests in China, Luxshare was reported byThe Wall Street Journal to have gained an additional foothold inApple's supply chain following protests at aFoxconn factory in theZhengzhou Airport Economy Zone.[10]

As of July 2023, Luxshare was reportedly the initial and only contract manufacturer forApple'sVision Prospatial computer.[11]

See also

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References

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  1. ^abcd"Luxshare Precision Industry".Fortune Global 500. Fortune. Retrieved2024-08-24.
  2. ^"立讯精密工业股份有限公司2021年年度报告"(PDF).Archived(PDF) from the original on 2023-01-18. Retrieved2023-01-05.
  3. ^"About Us_Luxshare-ICT". Retrieved2021-09-16.
  4. ^Sanghani, Radhika (4 March 2014)."World's 5 richest self-made women - how did they do it?".The Daily Telegraph. Retrieved12 November 2014.
  5. ^LI, LAULY; TING-FANG, CHENG."Luxshare grows into China's iPhone champion with help from Apple".asia.nikkei.com. Nikkei.
  6. ^Felicitas, Shintya (2019-04-05)."Despite trade war: Apple has more Chinese suppliers than ever".AsiaFundManagers.com. Retrieved2020-01-28.
  7. ^"About Us_Luxshare-ICT". Retrieved2021-09-16.
  8. ^"Apple supplier Luxshare plans share issue to fund new production lines".reuters.com. Reuters. 21 February 2022. Retrieved15 July 2022.
  9. ^"Taiwan accuses Chinese Apple supplier of stealing secrets, charges 14".cnbc.com. CNBC. 15 July 2022. Retrieved15 July 2022.
  10. ^Yang, Jie; Tilley, Aaron (3 December 2022)."Apple Makes Plans to Move Production Out of China".The Wall Street Journal. Retrieved4 December 2022.
  11. ^Times, Financial (2023-07-03)."Apple forced to make major cuts to Vision Pro headset production plans".Ars Technica. Retrieved2023-07-03.

External links

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China Constituents ofHang Seng China 50 Index
China Constituents of theSZSE 100 Index
China Constituents of theFTSE China A50 Index
Retrieved from "https://en.wikipedia.org/w/index.php?title=Luxshare&oldid=1314472613"
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