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Luxshare Precision Industry Co., Ltd. (002475.SZ)

Shenzhen - Shenzhen Delayed price. Currency in CNY

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28.79

+0.25

(+0.88%)

At close: 03:04PM CST

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South China Morning Post
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 Kunshan, China's most affluent county in eastern Jiangsu province, for about 2.1 billion yuan (US$300 million), according to an exchange filing by the Taiwanese firm on Thurs
Benzinga
Apple's Chinese Partner Luxshare Set to Transform iPhone Production Landscape with Major Acquisition
Apple Inc (NASDAQ: AAPL) Chinese partner, Luxshare Precision Industry Co, is poised to take over an iPhone assembly site from Taiwanese competitor Pegatron Corp. This move is part of Apple's strategy to strengthen ties with China-based suppliers and enhance relations with Beijing. Luxshare is acquiring a 62.5% stake in Pegatron's Kunshan unit in eastern China for approximately 2.1 billion yuan ($300 million), Bloomberg cites a recent exchange filing. This acquisition will likely position Luxshar
Zacks
Qorvo (QRVO) Divests China Assets to Trim Capital Intensity
Through selling its Chinese manufacturing facilities to Luxshare, Qorvo (QRVO) is aiming to streamline its supply chain network.