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

History

Wang Laichun Wang Laichun (, born 1966/1967) is a Chinese billionaire, chairwoman, and co-founder of the electronics manufacturer Luxshare Precision Industry Co.,Ltd, better known as Luxshare-ICT. Founded in 2004 in Dongguan, China, the company designs and m ...

is the company's chairwoman, and co-founder. Wang founded Luxshare after ten years at

Foxconn Hon Hai Precision Industry Co., Ltd., trading as Hon Hai Technology Group in China and Taiwan and Foxconn internationally, is a Taiwanese multinational electronics contract manufacturer established in 1974 with headquarters in Tucheng, New ...

. Her brother Wang Laishen is Luxshare's vice chairman and is also ex-Foxconn. Wang Laichun's leadership style is seen as similar to Foxconn's

Terry Gou Terry Gou (; born 18 October 1950) is a Taiwanese billionaire businessman who is the Founder and former Chairman and Chief Executive Officer of Foxconn. Foxconn is the world's largest contract manufacturer of electronics, with factories in sev ...

. Luxshare was founded in 2004 in Dongguan, China. The company designs and manufacturers computer cables; it is also a key assembler of

AirPods AirPods are wireless Bluetooth earbuds designed by Apple Inc. They were first announced on September 7, 2016, alongside the iPhone 7. Within two years, they became Apple's most popular accessory. The most recent model, AirPods (3rd generatio ...

for Apple Inc. The company was listed publicly on the SME board of the Shenzhen Stock Exchange in 2010. In 2020, Luxshare became an iPhone assembler after acquiring two iPhone assembly plants from

Wistron Wistron Corporation () is an electronics manufacturer based in Taiwan. It was the manufacturing arm of Acer Inc. before being spun off in 2000. As an original design manufacturer, the company designs and manufactures products for other compan ...

. In 2022, Luxshare was accused by Taiwanese prosecutors of stealing trade secrets. They were alleged to have poached much of competitor

Catcher Technology Catcher Technology Corporation, is an electronics casing manufacturing company founded on November 23, 1984. The company has since focused on making shells for electronics such as PC notebooks, cell phones, and cameras, using magnesium alloy die ...

'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. During the 2022 COVID-19 protests in China, Luxshare was reported by ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' to gain an additional foothold in

Apple An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple trees are cultivated worldwide and are the most widely grown species in the genus '' Malus''. The tree originated in Central Asia, where its wild ancest ...

's supply chain following protests at a

factory in the

Zhengzhou Airport Economy Zone Zhengzhou Airport Economy Zone (), abbreviated as ZAEZ, is an airport-based economy zone developed around Zhengzhou Xinzheng International Airport in Henan, People's Republic of China. It is located about to the southeast of Zhengzhou, and cov ...

References

{{SZSE 100 Index Electronics companies established in 2004 Chinese companies established in 2004 Electronics companies of China Chinese brands

History

See also

References