« China is doing quite well in pretty much everything, except semiconductors, » said Kirkland Capital’s CEO.
More mainland Chinese electronics manufacturing companies are set to take away market share from Taiwanese counterparts such as Foxconn and Pegatron, an investment fund manager said.
« Chinese companies are getting pretty competitive for iPhone assemblers. China is doing quite well in pretty much everything, except semiconductors, » Kirk Yang, chairman and CEO of Kirkland Capital, told CNBC’s « Squawk Box Asia » Friday.
« So that’s why eventually, you are going to see more and more Chinese companies taking market share away from Taiwanese electronic companies, » Yang added.
Apple’s largest supplier Foxconn, also known as Hon Hai, is facing competition from China’s Luxshare, which was reportedly awarded a contract to produce premium iPhone models in China.
