Completing the circle of learning, a student garners enough knowledge to challenge her former master. This is not some tale from Star Wars, but a real rivalry within the Apple supply chain.
China’s Luxshare Precision, founded by former Foxconn veteran Grace Wang, is making significant inroads in Apple’s supply chain. This attacks the stronghold of Foxconn founder Terry Gou. Recent violent protests at Foxconn’s iPhone factory, following repeated Covid lockdowns there, provided Luxshare with an opportunity.
Apple is expected to offer mainland-listed Luxshare its first big order to produce premium iPhone models — until now under Foxconn’s remit. Luxshare had already been building its own iPhone factory.
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