China’s market oversight authority has imposed a financial penalty of 900,000 yuan ($133,000) on Luxshare Precision Industry for improperly executing a business acquisition involving Wingtech Technology operations, according to an official announcement released Wednesday.
The State Administration for Market Regulation revealed that Luxshare, which serves as a major Apple supplier, did not properly notify authorities about its purchase of portions of Wingtech’s operations completed in January 2025.
Regulatory officials launched their inquiry in September 2025 following Luxshare’s own disclosure of the transaction in February of that year.
The business deal centered on Luxshare obtaining complete ownership of specific electronics manufacturing divisions from the Chinese semiconductor company Wingtech through three subsidiary companies.
According to the regulatory agency, the acquisition satisfied the requirements for mandatory merger notifications but proceeded without obtaining necessary antitrust clearance first, creating a violation of China’s competition laws.
The regulator noted that Luxshare received a lighter financial penalty because the company voluntarily disclosed the violation and implemented measures to enhance regulatory compliance going forward.
