By Reuters | TAIPEI/SHANGHAI |
Topics Apple | Foxconn | US China trade war
By Yimou Lee and Josh Horwitz
TAIPEI/SHANGHAI (Reuters) - 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.
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