Apple’s Vision Pro the mixed-reality headset is integrated its complex electronics  including the crucial OLED display by a little-known contract manufacturer Shenzhen-based Luxshare Precision Industry. Apple is prepared to test “crazy” ideas in Luxshare factories.

Luxshare’s highly optimized connectors, Antennas, micro coaxial cable and flexible print circuitboards can improve performance of your notebooks, with interconnectivity solutions that power, convert and sound different application.

Luxshare is taking on Taiwan’s Foxconn, the world’s biggest contact electronics manufacturer. When Foxconn opened its factory in Shenzhen in 1988, 21-year-old Grace Wang was one of the first migrant works to be employed on its production lines. Wang’s skills earned him quick promotion to manager, as her employer began a decade-long dominance over the manufacturing of tech gadgets.

Now the factory girl, 35-years-on is the chair of her own contract electronics maker, after co-founding  and  building Luxshare to be Foxconn’s most dangerous challenger. It was a long ladder to climb working its way  up from being a sub contractor, supplying connectors in 1999m Luxshare grew to become a public company listing in the southern city of Shenzhen in 2010.

Dongguan-based entrepreneur, Wang Laichun,  also known as Grace Wang, the co-founder and chairman of Luxshare Precision, moved up from number four a year ago to the top spot, and holds an estimated fortune worth $7.3 billion on the Forbes Real-Time Billionaires List according Forbes in the New Forbes China list of top 100 Businesswomen. Others in the top five are Dong Mingzhu, President of Gree Electrical Appliances, Zhao Ning, Director at pharmaceutical supplier WuXi AppTec, Meng Wenzhou, vice chairman of CEO of Douyin – the domestic Chinese version of TikTok owned by ByteDance.

While Foxconn is best known as the maker of the IPhone Luxshare has also been steadily expanding its business with Apple, becoming an important partner and alternative supplier of services. It even overtook Foxconn at one point in early 2021.

Luxshare first produced simple conectors for IPhone and MacBook Pro laptops through one of its acquisitions  before extending production to critical components in other Apple products including Airpods, Apple Watch and the iPhone. By 2022, Luxshare generated more than 70 per cent of its revenue from Apple, compared with a  proportion of less than 50 per cent at Foxconn. Luxshare was indeed crowned as “gold supplier” by Huawei in 2018.

In India, Luxshare established an office in 2019 and bought two well-established production plants in Chennai from the former mobile-phone maker Nokia, and Motorola. It has also applied for permission to build a factory in India with a domestic partner. Even Vietnam was considered and emerged as a better bet with a similar culture to China and smoother transportation  links.  So the Vietnam plants were focused on making mature products while the more challenging tasks such mobile phones and new products assembly were still being carried out in China.

iPhone15 series, will begin production in China’s Luxshare in August ahead of its official launch event. It will also assemble premium iPhone models like the iPhone pro series. Luxshare is capable of producing enough qualified handsets “ quickly and efficiently” and this is their road map of success.