China IPhone Assembler Accused of Secretly Acquiring Taiwan Tech

Taiwanese prosecutors have indicted the head of Luxshare Precision Industry Co. for using a shell company to surreptitiously take over a key local company, ratcheting up accusations of technology theft directed at mainland Chinese companies.

Prosecutors alleged in a court filing that Luxshare Chairwoman Grace Wang used a Hong Kong firm to mask her company’s identity and buy shares in Speed Tech Corp. in 2012, according to a copy of the document seen by Bloomberg News. Taiwanese law forbids mainland Chinese companies from conducting business on the island without approval from the local authorities.

American agencies including the FBI have ...