Intel’s China arm acquires minority stake in telecoms subsidiary of Apple supplier Luxshare

Intel’s China arm has acquired a minority stake in the telecommunications subsidiary of Apple supplier Luxshare Precision Industry, according to business registry records, as the US semiconductor giant looks to navigate the geopolitical tensions between the world’s two biggest economies.

Dongguan Luxshare Technology, a manufacturer of 5G-related products for data communications and wireless networks, has added Intel’s China arm as one its shareholders with a 3 per cent stake, according to information published on Monday by Chinese corporate database Qichacha.

Shenzhen-based Luxshare Precision, also known as Luxshare-ICT, has a nearly 90 per cent shareholding in its telecoms subsidiary. Electronics contract manufacturer Luxshare Precision makes a range of Apple products, including iPhones, AirPods, the Apple Watch and mixed-reality headset Vision Pro.

Intel’s latest investment on the mainland, where the US firm set up its Shanghai-based subsidiary in 1985, reflects the company’s efforts in driving the buildout of sophisticated data centres used for the development of artificial intelligence systems.