Apple supplier Luxshare unnerves Foxconn as US-China feud speeds supply chain shift

Foxconn Chairman Liu Young-way at an event presenting the company's new technologies in Taipei, Taiwan, on Oct 16. — Reuters

TAIPEI/SHANGHAI: Apple's top iPhone assembler, Taiwan-based Foxconn, has set up a task force to fend off the growing clout of Chinese electronics manufacturer Luxshare, which it believes poses a serious threat to its dominance, three sources with knowledge of the matter said.

The project was initiated by Foxconn's founder Terry Gou, according to one of the sources, to target Dongguan-based Luxshare, which is little-known internationally but is poised to become the first mainland China-headquartered firm to assemble iPhones – a turf until now dominated by Taiwanese manufacturers.