More mainland Chinese firms will take away market share from Taiwan iPhone suppliers: Investment firm

“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.

An investment fund manager said that more mainland Chinese companies are going to take away market share from Taiwanese companies.

Chinese companies are competing for Apple's work. Kirk Yang, chairman and CEO of Kirkland Capital, told CNBC on Friday that China is doing well in almost all areas.

More and more Chinese companies will take market share away from Taiwanese companies in the future.

Hon Hai, Apple's largest supplier, is facing competition from China's Luxshare, which was awarded a contract to produce premium iPhone models in China

After posting record unaudited revenue in 2022 and reporting that output at its iPhone plant in China had returned to normal, that's when that happened.

The Financial Times reported that a small amount of the iPhone 14 Pro Max model was produced at the Kunshan plant.

The company was founded in 2004 by a former Foxconn worker, and is now known for its work on the Apple products.

There has been a lot of pressure on Taiwanese companies in the last five years. Many of them are leaving China.

He said that the U.S.-China tech war is forcing companies to move faster out of mainland China.

The Hong Kong advantage is held by Chinese companies.

They might be able to hire people more easily than non- Chinese companies. Local companies will be able to take market share after learning how to make products at a cheaper price.

The biggest source of suppliers for Apple were mainland China and Taiwan, according to a report.