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More mainland Chinese firms will take away market share from Taiwan iPhone suppliers: Investment firm - TL;DR CNBC

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-TWAAPL4938-TW

Keywords: chinahon hai precision industry co ltdapple incpegatron corpiphonebusiness newsasia economytechnology

Source: https://www.cnbc.com/2023/01/09/more-competition-between-taiwan-china-iphone-suppliers-ceo-says.html


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