Taiwan-based Catcher Technology, a supplier to Apple, has agreed to sell two units from its Lyra International division in China to Hunan-based Lens Technology for $1.43 billion, Reuters reported.
Catcher, headquartered in Tainan, Taiwan, makes metal casings for a range of consumer electronics, including the iPhone.

iPhone assembler Wistron last month agreed to sell two of its factories in China to manufacturer Luxshare Precision Industry for 3.3 billion yuan ($477 million).

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, the world’s largest contract electronics manufacturer, Pegatron and Wistron.