Apple is happy for ‘takeover’ of this iPhone factory in China, here's why
Apple is happy for ‘takeover’ of this iPhone factory in China, here's why
Apple's Chinese manufacturing partner Luxshare Precision Industry is set to acquire a majority stake in Pegatron's iPhone assembly site in Kunshan. The $300 million deal will enable Luxshare to compete with Foxconn, Apple's primary contract manufacturer. The acquisition will also strengthen Apple's ties with mainland China-based suppliers and improve relations with Beijing.
Apple's Chinese manufacturing partner Luxshare Precision Industry is set to acquire a majority stake in Pegatron's iPhone assembly site in Kunshan. The $300 million deal will enable Luxshare to compete with Foxconn, Apple's primary contract manufacturer. The acquisition will also strengthen Apple's ties with mainland China-based suppliers and improve relations with Beijing.
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Apple's Chinese manufacturing partner Luxshare Precision Industry is set to acquire a majority stake in Pegatron's iPhone assembly site in Kunshan. The $300 million deal will enable Luxshare to compete with Foxconn, Apple's primary contract manufacturer. The acquisition will also strengthen Apple's ties with mainland China-based suppliers and improve relations with Beijing. 
