Apple supplier Luxshare to take control of key iPhone plant in eastern China via US$300 million deal with Taiwan’s Pegatron
Apple’s key Chinese manufacturing partner Luxshare Precision Industry Co is set to gain control of an iPhone assembly site run by a Taiwanese rival, as the US tech giant fosters ties with mainland China-based suppliers to improve relations with Beijing. Luxshare is set to buy a 62.5 per cent stake in Pegatron Corp’s unit in … Read more
