TAIPEI/SHANGHAI (Reuters) - Taiwan-based Catcher Technology (TW:2474), a supplier to Apple Inc (O:AAPL), has agreed to sell two units from its Lyra International division in China to Hunan-based Lens Technology Co (SZ:300433) 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 (TW:3231) last month agreed to sell two of its factories in China to fast-rising Chinese manufacturer Luxshare Precision Industry Co (SZ:002475) 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 (TW:2317), the world's largest contract electronics manufacturer, Pegatron (TW:4938) and Wistron.
($1 = 6.9220 Chinese yuan renminbi)