Thursday, December 28, 2023

Filing shows Apple supplier Luxshare plans to buy a 62.5% stake in Pegatron's Kunshan unit in eastern China for about $300M, as it seeks to compete with Foxconn (Debby Wu/Bloomberg)

Debby Wu / Bloomberg:
Filing shows Apple supplier Luxshare plans to buy a 62.5% stake in Pegatron's Kunshan unit in eastern China for about $300M, as it seeks to compete with Foxconn  —  - Pegatron to sell majority stake of Kunshan campus to Luxshare  — Apple's fostering Chinese suppliers to boost ties with Beijing



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