The iPhone assembly world is abuzz with the recent acquisition by Luxshare Precision, a major player in the game. Their legal allies, Fangda Partners, have orchestrated a monumental deal, facilitating Luxshare’s acquisition of the assembly and test facilities of US-based wireless chip manufacturer Qorvo in Beijing and Dezhou.

But this acquisition is not just any ordinary business move. Luxshare’s takeover of Qorvo’s assembly and testing operations is set to take place in the first half of 2024, promising monumental shifts for both companies. Luxshare’s remarkable growth and Qorvo’s pivotal role as Apple’s top customer are key factors in this extraordinary development.

The legal masterminds at Fangda Partners, led by Ma Qiang and Susie Shi, have laboured tirelessly to make this acquisition a reality. With expert handling of everything from anti-trust matters to labour-related issues, they have demonstrated unequivocal competence in navigating the complexities of this colossal undertaking.

Luxshare’s ascent to greatness has been awe-inspiring, since their debut on the Shenzhen Stock Exchange in 2010, their revenue and net profit have consistently surged. Forecasts indicate a substantial 22.5% increase in net profits for this year, underscoring their unwavering momentum.

And let’s not overlook Qorvo, with Apple accounting for a whopping 37% of their total revenue in 2023, their position is formidable. The burgeoning partnership between Luxshare and Qorvo is poised to revolutionise the tech sphere, and the anticipation for their next move is palpable.

So, what does all of this mean for the everyday consumer? It could signal a momentous shift in the landscape of iPhone assembly and wireless chip technology. The convergence of these two powerhouses holds limitless potential for groundbreaking innovations that were once mere figments of our imagination, promising devices that are faster, more efficient, and more powerful than ever before.

The future looks exceedingly promising for Luxshare, Qorvo, and all stakeholders involved. With a robust legal team and an auspicious partnership, the possibilities are endless. We await the unfolding of this story with bated breath, eagerly anticipating the trailblazing advancements that these two companies will undoubtedly unveil. This is merely the beginning, and we eagerly anticipate the updates that lie ahead.