Tech

Apple supplier Luxshare allegedly secretly acquired Taiwanese technology company: Report


The head of Luxshare Precision Industry, Apple’s Chinese supplier, has been indicted by Taiwanese prosecutors for using a shell company to secretly take over a key local company. Luxshare Chairman Grace Wang allegedly used a Hong Kong company to conceal her corporate identity and bought shares in Taiwan-based Speed ​​Tech in 2012. Chinese companies represent The mainland is only allowed to do business on the island after it has been approved by the local government. Taiwan previously accused Luxshare of stealing trade secrets from a Taiwanese supplier.

According to a report According to Bloomberg, Taiwanese prosecutors in a court filing alleged that Grace Wang used a Hong Kong company to conceal her corporate identity and bought shares in Speed ​​Tech in 2012. Under Taiwanese law, mainland Chinese companies cannot conduct business on the island without approval. from local government.

Luxsharethe company that normally produces basic technology accessories and components such as cables, chargers and antennas, emerged as a Iphone assemblers in recent years. The Chinese company recently agreed to acquire Wistron’s iPhone unit.

Many mainland Chinese companies are accused of stealing technology. In July this year, Taiwanese prosecutors accused Luxshare stole trade secrets from a Taiwanese supplier and poached their workforce to win orders from the American company.

Prosecutors in New Taipei found that China’s Luxshare Precision Industry targeted Taiwanese competitor Catcher Technology “to rapidly infiltrate Apple “They have charged 14 people in connection with this case for breach of trust.


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