More mainland Chinese firms will take away market share from Taiwan iPhone suppliers: Investment firm
Publishing timestamp: 2023-01-09 01:39:39
Summary
Investment fund manager Kirk Yang said that Chinese electronics manufacturing companies are taking away market share from Taiwanese counterparts such as Foxconn and Pegatron. Luxshare, a Chinese company, was reportedly awarded a contract to produce premium iPhone models in China. Yang added that with China-Taiwan geopolitical tensions, Taiwanese companies on mainland have seen lot of pressure in last five years. Furthermore, Chinese companies such as Luxshare have Hong Kong advantage. In mid-2021, mainland China overtook Taiwan to become Apple's biggest source of suppliers.
Sentiment: NEUTRAL
Tickers: 2317-TW, AAPL, 4938-TW,
Keywords: china, hon hai precision industry co ltd, apple inc, pegatron corp, iphone, business news, asia economy, technology,
Source: https://www.cnbc.com/2023/01/09/more-competition-between-taiwan-china-iphone-suppliers-ceo-says.html