Taiwan's electroacoustics device maker Merry Electronics announced it has signed a Letter of Intent with Luxshare Precision, a Chinese company focusing on connectors, power cords, acoustics, etc., to sell 40% to 60% stake in Merry Electronics Suzhou for around $400 million to $600 million RMB (US$60 million to US$90 million; US$1 = 6.69 RMB), reported Economic Daily News on July 19. Both Merry Electronics and Luxshare are suppliers to Apple. The partnership is expected to secure production capacity and technological support, providing consistent and modularized products to fend off competitions such as AAC Technologies and Goertek.