Technology
Apple to Gain a New Chinese iPhone Maker During a Trade War – Yahoo Finance Australia
(Bloomberg) — Luxshare Precision Industry Co. is acquiring Wistron Corp.’s iPhone production business in China via a $472 million deal, potentially becoming the first mainland company to win a coveted role assembling Apple Inc.’s device during U.S. trade ten…
(Bloomberg) — Luxshare Precision Industry Co. is acquiring Wistron Corp.s iPhone production business in China via a $472 million deal, potentially becoming the first mainland company to win a coveted role assembling Apple Inc.s device during U.S. trade tensions.
Taiwan-based Wistron, one of just three contract manufacturers that assemble Apples iPhones, said Friday its agreed to sell two subsidiaries in eastern China for 3.3 billion yuan to Luxshare. One of those units, based in the city of Ku…
