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Luxshare

From Alfawiki
Luxshare Precision Industry Co. Ltd.
Company typePublic
IndustryElectronics
Founded2004
FounderWang Laichun
Headquarters
Bao'an, Shenzhen
,
China
Key people
Wang Laichun (Founder), Wang Laishen (Vice Chairman)
ProductsElectronic components, computer cables, Apple AirPods assembler, iPhone assembly

Luxshare Precision Industry Co. Ltd. (commonly referred to as Luxshare-ICT) is a manufacturer specializing in electronic components, based in Bao'an, Shenzhen, Guangdong province, China. The company has been listed on the Shenzhen Stock Exchange since 2010.

History

Founded in 2004 by Wang Laichun, who had accumulated ten years of experience at Foxconn, Luxshare was co-established with her brother, Wang Laishen, who holds the position of vice chairman and also has a background as a Foxconn executive. Wang Laichun’s management approach is frequently likened to that of Foxconn’s founder, Terry Gou.

Originally located in Dongguan, Luxshare specializes in the design and production of computer cables and plays a significant role as an assembler of Apple Inc.’s AirPods. The company broadened its involvement within Apple’s manufacturing network by purchasing two iPhone assembly facilities from Wistron in 2020, thus becoming an authorized iPhone assembler.

In 2022, allegations were made by Taiwanese authorities accusing Luxshare of misappropriating proprietary information from rival firm Catcher Technology and hiring a substantial portion of Catcher’s research and development staff based in China, which contributed to Luxshare’s swift integration into Apple’s supply chain.

Amid the 2022 COVID-19 protests in China, Luxshare increased its footprint within Apple’s supply chain as operations at a Foxconn plant located in the Zhengzhou Airport Economy Zone faced interruptions.

By mid-2023, Luxshare was reportedly the exclusive contract manufacturer responsible for producing Apple’s Vision Pro spatial computing device.

See also

External links