Why this Chinese company that supplies smartphone parts to Apple, Xiaomi and Samsung is selling its business

Wingtech Technology is selling its consumer electronics manufacturing business to focus on semiconductors, following its addition to a US trade blacklist. The sale to Apple supplier Luxshare includes nine subsidiaries but excludes its semiconductor unit.

Why this Chinese company that supplies smartphone parts to Apple, Xiaomi and Samsung is selling its business
Wingtech Technology is selling its consumer electronics manufacturing business to focus on semiconductors, following its addition to a US trade blacklist. The sale to Apple supplier Luxshare includes nine subsidiaries but excludes its semiconductor unit.