Taiwan-based Apple supplier Catcher to sell two divisions to China's Lens for $1.4 bln (updated)

Catcher Technology Co

18/08/2020 11:33

(Adds background)
    TAIPEI/SHANGHAI, Aug 18 (Reuters) - Taiwan-based Catcher
Technology  2474.TW , a supplier to Apple Inc  AAPL.O , has
agreed to sell two units from its Lyra International division in
China to Hunan-based Lens Technology Co  300433.SZ  for $1.43
billion, a company filing showed.
    Headquartered in Tainan, Taiwan, Catcher makes metal casings
for a range of consumer electronics, including the iPhone.
    Smaller iPhone assembler Wistron  3231.TW  last month agreed
to sell two of its factories in China to fast-rising Chinese
manufacturer Luxshare Precision Industry Co  002475.SZ  for 3.3
billion yuan ($477 million).
    Analysts have said Chinese companies are gearing up to get
into the much coveted iPhone assembly chain amid a supply chain
reshuffle following the China-U.S. trade war.
    Taiwanese firms currently dominate the iPhone supply chain,
including Foxconn  2317.TW , the world's largest contract
electronics manufacturer, Pegatron  4938.TW  and Wistron. 
    
 ($1 = 6.9220 Chinese yuan renminbi)

 (Reporting by Josh Horwitz in Shanghai and Ben Blanchard in
Taipei
Editing by David Goodman and Susan Fenton)
 ((Josh.Horwitz@thomsonreuters.com; +86 21 20830007;))