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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
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