AirPods supplier Luxshare acquired factory from iPhone supplier Wistron for $471.5 million
Shortpedia
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Luxshare, airpods supplier has acquired a factory from iPhone supplier Wistron for $471.5 million and would start making iPhones in Kushan, Jiangsu province in China, The acquisition by Luxshare as its first iPhone assembly plant will pave the way for the company to move up the Apple supply chain and challenge Taiwanese rival Foxconn, which has long dominated iPhone production, Nikkei Asian Review claimed.
