Luxshare to Acquire Apple's CCM Supplier Cowell Electronics
After another China's rising Foxconn -- Luxshare (002475:SH)'s acquisition on Apple's iPhone Asian assembly factory Wistron (3231:TW) in July 2020, the company further expand its scope along the Apple (AAPL:NASDAQ) supply chain by planning to acquire Apple's cellphone camera module (CCM) provider Cowell Electronics (01415:HK).
Luxshare has been striving for more important roles in Apple supply chain since inception. Its scope expands from providing connector to the most significant iPhone assembly business. The acquisition on CCM is another significant move to strengthen its position.