Apple contract manufacturer Luxshare Precision Industry Co is seeking to drive growth beyond consumer electronics, according to the Chinese firm’s co-founder, amid geopolitical and economic developments that could potentially speed up global supply chain realignments.
Luxshare co-founder and chairwoman Grace Wang Laichun, 56, on Thursday told an audience at a local chamber of commerce event that the Shenzhen-based company, which is also known as Luxshare-ICT, expects to increase its business in the telecommunications and auto industries.
“We’ve put a lot of emphasis on pushing into new markets,” Wang said. “A few years ago, we expanded into making electronic components for telecoms [products] and vehicles.”
Wang, who did not directly address Apple in her speech, said that Luxshare maintained fast growth last year, despite “complex economic situations domestically and globally”. Luxshare did not immediately respond to a request for comment on Friday.
(full article continued at link)
