Luxshare

Qorvo Forms a Strategic Partnership With Luxshare

Retrieved on: 
Monday, December 18, 2023

Upon closing, Luxshare will acquire each facility’s operations and assets, which include the property, plant and equipment, as well as the existing workforce, to enable seamless continuity of operations.

Key Points: 
  • Upon closing, Luxshare will acquire each facility’s operations and assets, which include the property, plant and equipment, as well as the existing workforce, to enable seamless continuity of operations.
  • Qorvo will continue to maintain its sales, engineering and customer support employees in China to continue serving customers.
  • Following the close of the transaction, Luxshare will assemble and test products for Qorvo under a newly established long-term supply agreement.
  • Bob Bruggeworth, president and chief executive officer of Qorvo, said, “The Beijing and Dezhou facilities have been an important part of our history and manufacturing network for decades.

Connector Market Expected to Reach $168.0 Billion, Globally, By 2031 at 7.9% CAGR: Allied Market Research

Retrieved on: 
Wednesday, November 8, 2023

WILMINGTON, Del., Nov. 8, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Connector Market By Product, End User, and Material: Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global connector market was valued at $79.8 billion in 2022, and is projected to reach $168 billion by 2032, registering a CAGR of 7.9% from 2023 to 2032.

Key Points: 
  • There was an increase in demand for connectors used in healthcare and medical equipment, as well as for data centers and telecommunication infrastructure.
  • The surge in remote work and reliance on digital technologies further amplified the need for connectors supporting these applications.
  • Increased demand for automotive electronics is expected to drive the market during the forecast period.
  • However, the Asia-Pacific region is expected to witness the fastest CAGR of 8.4% from 2022 to 2031.

Connector Market Expected to Reach $168.0 Billion, Globally, By 2031 at 7.9% CAGR: Allied Market Research

Retrieved on: 
Wednesday, November 8, 2023

WILMINGTON, Del., Nov. 8, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Connector Market By Product, End User, and Material: Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global connector market was valued at $79.8 billion in 2022, and is projected to reach $168 billion by 2032, registering a CAGR of 7.9% from 2023 to 2032.

Key Points: 
  • There was an increase in demand for connectors used in healthcare and medical equipment, as well as for data centers and telecommunication infrastructure.
  • The surge in remote work and reliance on digital technologies further amplified the need for connectors supporting these applications.
  • Increased demand for automotive electronics is expected to drive the market during the forecast period.
  • However, the Asia-Pacific region is expected to witness the fastest CAGR of 8.4% from 2022 to 2031.

Luxshare Precision's Journey Towards Sustainable Development and Excellence

Retrieved on: 
Sunday, October 29, 2023

Luxshare Precision's Chairman Grace WANG also expressed the commitment in a recent media interview, "Green and low-carbon initiatives, along with sustainable development, are crucial issues in Luxshare Precision's high-quality development process.

Key Points: 
  • Luxshare Precision's Chairman Grace WANG also expressed the commitment in a recent media interview, "Green and low-carbon initiatives, along with sustainable development, are crucial issues in Luxshare Precision's high-quality development process.
  • Through active ESG practices, Luxshare Precision has contributed to the sustainable development of the industry and society as a whole.
  • Responsible governance to promote sustainable development Luxshare Precision has implemented a three-level sustainability governance structure featuring "decision-making - planning - execution", which consists of the Board of Directors, the Sustainable Development Center and the Sustainability Implementation Team.
  • Over the past few years, Luxshare has kept practicing the concept of sustainable development and has achieved significant results in ESG.

Impressive Q3 Financial Results for Luxshare Precision with Full-Year Performance Expected to Hit RMB10 Billion

Retrieved on: 
Friday, October 27, 2023

According to the financial report, the company's revenue for the first three quarters amounted to RMB155.875 billion, reflecting a year-on-year growth of 7.31%.

Key Points: 
  • According to the financial report, the company's revenue for the first three quarters amounted to RMB155.875 billion, reflecting a year-on-year growth of 7.31%.
  • This projection indicates a range of RMB10.767 billion to RMB11.225 billion, surpassing RMB10 billion for the first time in Luxshare's history.
  • The disclosed financial report underscores Luxshare Precision's consistent improvement in sales gross margin and net profit margin.
  • In the automotive sector, Luxshare Precision covers domains such as automotive wire harnesses/connectors, vehicle electronics, Intelligent cockpits, and autonomous driving.

Global Electronic Connector Market Set to Reach $123.90 Billion by 2032: Fuelled by Demand in Automotive, IoT, and 5G - ResearchAndMarkets.com

Retrieved on: 
Monday, October 23, 2023

The Electronic Connector Market has seen noteworthy developments, including partnerships and product launches:

Key Points: 
  • The Electronic Connector Market has seen noteworthy developments, including partnerships and product launches:
    TE Connectivity partnered with Preddio Technologies to integrate wireless technology and cloud-based analytics with energy-efficient sensors.
  • Drivers for the Electronic Connector Market include the rapidly increasing demand for electrical connectors in the automotive industry, the adoption of IoT, and the growing demand for renewable energy sources.
  • Key players in the global electronic connector market analyzed and profiled in the study involve electronic connector-based product manufacturers and start-ups.
  • What are the major market drivers, challenges, and opportunities in the electronic connector market?

China Leads the Charge in the Electronic Connector Market: Rapid EV Adoption and Thriving Telecom Drive Growth

Retrieved on: 
Wednesday, October 18, 2023

China held the largest share of the Electronic Connector Market in 2022, driven by significant automotive production and a thriving telecommunications industry.

Key Points: 
  • China held the largest share of the Electronic Connector Market in 2022, driven by significant automotive production and a thriving telecommunications industry.
  • However, the Rest-of-the-World and Asia-Pacific and Japan markets are expected to experience high growth rates during the forecast period, particularly due to the rapid adoption of electric vehicles in China.
  • The Electronic Connector Market has seen noteworthy developments, including partnerships and product launches:
    TE Connectivity partnered with Preddio Technologies to integrate wireless technology and cloud-based analytics with energy-efficient sensors.
  • Key players in the global electronic connector market analyzed and profiled in the study involve electronic connector-based product manufacturers and start-ups.

Apple's 2023 Fall High-End Product Launch: A Boon for Suppliers

Retrieved on: 
Thursday, September 28, 2023

HONG KONG, Sept 28, 2023 - (ACN Newswire) - On September 12th, Apple's annual fall launch event was held.

Key Points: 
  • HONG KONG, Sept 28, 2023 - (ACN Newswire) - On September 12th, Apple's annual fall launch event was held.
  • Despite a 1.7% drop in stock price after the event, the company's stock price has still gone up nearly 40% since the beginning of 2023.
  • As the most anticipated Pro lineup, iPhone 15 Pro and iPhone 15 Pro Max received wide attention during the event.
  • Both models feature a strong and lightweight aerospace-grade titanium design, making them the most durable yet lightest Pro models ever.

Luxshare Precision: A Further Step from Tier 2 to Tier 1 Automotive Supplier

Retrieved on: 
Thursday, September 21, 2023

Among them, the operating revenue of the automotive business soared by 51.89% to RMB3,207 million, showing its strong growth momentum.

Key Points: 
  • Among them, the operating revenue of the automotive business soared by 51.89% to RMB3,207 million, showing its strong growth momentum.
  • Luxshare's latest conference call also noted that its automotive Tier 1 business will continue to grow in the next two years and is expected to enjoy explosive growth in 2025 and afterwards.
  • As early as 2008, Luxshare Precision entered the automotive industry as a Tier 2 supplier.
  • It is believed that Luxshare would bring more empowerment to the automotive industry during the process of being a leading Tier 1 supplier.

Luxshare Precision Announces First-Half 2023 Financial Results: Over 20% Increase in Net Profit Excluding Non-recurring Profit And Loss

Retrieved on: 
Thursday, August 31, 2023

Net profit after deduction of non-recurring profit and loss attributable to ordinary shareholders of the company soared by 22.48% to RMB4.154 billion.

Key Points: 
  • Net profit after deduction of non-recurring profit and loss attributable to ordinary shareholders of the company soared by 22.48% to RMB4.154 billion.
  • Positioned as a solutions provider, Luxshare leverages its robust technical strength and innovative capabilities to offer comprehensive solutions across the industrial chain.
  • In the first half of 2023, Luxshare demonstrated "double-digit growth in revenue and net profit".
  • The company's growth rate of net profit excluding non-recurring profit and loss surpassed that of revenue, signifying an improvement in revenue quality.