---
title: "Luxshare got Accused for Acquiring Taiwan Tech Firm Secretly"  
description: "Luxshare Precision Industry's head has been eventually indicted by Taiwanese prosecutors for utilizing a shell company to secretly take over a local c"  
author: "Siddhi Shaw"  
published: 2022-09-02  
canonical: https://www.mindstick.com/news/1957/luxshare-got-accused-for-acquiring-taiwan-tech-firm-secretly  
category: "technology"  
tags: ["iphone", "technology", "tech companies"]  
reading_time: 2 minutes  

---

# Luxshare got Accused for Acquiring Taiwan Tech Firm Secretly

**Apple's Chinese** supplier **Luxshare Precision Industry's** head has been eventually indicted by the **Taiwanese** prosecutors for utilizing a shell company to secretly take over a key local company. **Grace Wong**, the Luxshare Chairperson has definitely used a **Hong Kong** firm to mask her company's identity and obtain shares in **Taiwan-headquartered Speed [Tech](https://www.mindstick.com/services/technologies) in 2012**. **Mainland Chinese** companies were allowed to try and do business on the island solely once they have been obtaining the approval from local authorities. Earlier, Taiwan had accused of Luxshare of stealing [industrial](https://www.mindstick.com/articles/12867/advantages-of-the-industrial-curtains-for-dock) secrets from a Taiwanese supplier.

```
HIGHLIGHTSGrace Wong used Hong Kong firm to mask her company's identityMainland Chinese companies were allowed to do business on the islandThe Chinese company had recently got agreed to acquire Wistron's iPhone unit
```

As per a report, Taiwanese prosecutors in a court had filed alleged that Grace Wang used a Hong Kong firm to cover the identity of her company and buy shares in **Speed Tech in 2012**. As per Taiwanese law, the mainland Chinese companies cannot conduct business on the island without getting the approval from the local authorities.

Luxshare that generally produces basic tech accessories and parts like cables, chargers and antennas which [emerged as](https://answers.mindstick.com/qa/44986/name-the-indian-state-which-has-emerged-as-the-most-well-read-city-in-india-as-per-the-india-s-annual-reading-trends-reports-for-2018-by-amazon-india) a global [iPhone](https://www.mindstick.com/news/1843/a-method-to-make-transferring-files-wirelessly-from-iphone-to-windows-pc-easier) assembler in [recent years](https://answers.mindstick.com/qa/113716/how-are-sustainability-trends-influencing-the-fashion-industry-in-recent-years). The Chinese company had recently got agreed to acquire **Wistron's iPhone** unit.

Most of the mainland Chinese companies were eventually accused of [technology](https://www.mindstick.com/articles/13005/the-functional-aspects-of-laser-technology) theft. This [year in the month](https://answers.mindstick.com/qa/38541/in-which-indian-state-the-chapchar-kut-festival-an-annual-harvest-festival-is-celebrated-every-year-in-the-month-of-march) of **July**, Taiwanese prosecutors have accused Luxshare of stealing industrial secrets from a Taiwanese supplier and preparing its workforce to win orders from the **US** company.

Prosecutors in **New Taipei** had found that China's Luxshare Precision Industry had targeted Taiwanese challenger **Catcher Technology** '**in order to quickly get into the [Apple](https://www.mindstick.com/news/1941/the-anti-abuse-steps-need-to-be-shared-by-the-apple-microsoft-and-meta-on-australia-s-demand) [production](https://yourviews.mindstick.com/story/1489/the-countries-that-dominate-world-fossil-fuel-production) chain to win orders**.' Well, they had charged fourteen individuals in reference to the case for breach of trust.

Also Read: [An Antitrust Suit against Apple has been Prepared](https://www.mindstick.com/news/1933/an-antitrust-suit-against-apple-has-been-prepared)

---

Original Source: https://www.mindstick.com/news/1957/luxshare-got-accused-for-acquiring-taiwan-tech-firm-secretly

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