reuters Apple supplier Luxshare unnerves Foxconn as U.S.-China feud speeds supply chain shift

[Mistio]

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“Facing the rise of the red supply chain, the threat of Taiwan manufacturers being replaced continues to increase,” Market Intelligence & Consulting Institute, a think tank backed by Taiwan government, wrote in a September report.

Luxshare, whose chairwoman was once a worker at Taiwanese Apple supplier Foxlink 2392.TW, acquired two smaller factories belonging to Taiwanese iPhone assembler Wistron in China in July. Previously, Luxshare was best known for making Apple's AirPods.

One of the sources called it a “formidable opponent”, and said Foxconn has been conducting extensive research on Luxshare, aiming to “defeat it completely.”

 

 

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Could this be the beginning of a new outsourcing trend in other areas of the globe?