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Luxshare and founder Grace Wang (second left) have won plaudits from Apple CEO Tim Cook (right). Now the Chinese company is poised to become an iPhone assembler. (Nikkei Montage/Source photos by AP, Apple and Creative Electron/iFixit)
Business Spotlight

Luxshare grows into China's iPhone champion with help from Apple

Assembly plant deal helps supplier known as 'Little Foxconn' hunt Taiwanese rivals

LAULY LI and CHENG TING-FANG, Nikkei staff writers | China

TAIPEI -- Even during the years of Foxconn's eminence as the biggest piece of Apple's global supply chain, executives of the Taiwanese company always kept an eye on a little-known Chinese supplier: Luxshare-ICT.

Luxshare was barely a dot on the horizon. But savvy Foxconn executives saw a company cut from the same cloth as their own -- not least because it was started by Grace Wang, a former employee of a Foxconn affiliate whose style echoed that of their own founder Terry Gou. They believed it could grow into a formidable rival.

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