Apple supplier Luxshare to take control of key iPhone plant in eastern China via US$300 million deal with Taiwan’s Pegatron

By Bloomberg

Luxshare is set to buy a 62.5 per cent stake in Taiwanese rival Pegatron’s unit in eastern Jiangsu province, enabling the Shenzhen-based firm to better compete with Apple’s primary supplier Foxconn.

Source: Apple supplier Luxshare to take control of key iPhone plant in eastern China via US$300 million deal with Taiwan’s Pegatron