China’s electronics manufacturing sector has surged over the past decade, driven by the Made in China 2025 (MIC2025) initiative and strong demand from global brands like Apple and Tesla. Domestic contract manufacturers, including Luxshare Precision, Lingyi iTech, and Lens Technology, have increasingly captured business once dominated by Taiwanese firms. Luxshare’s rise, led by chairwoman and co-founder Wang Laichun, often called “the female Terry Gou,” embodies China’s transformation from basic assembly operations to full-system, high-value manufacturing.