(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 Apple’s iPhones, said Friday it’s agreed to sell two subsidiaries in eastern China for 3.3 billion yuan to Luxshare. One of those units, based in the city of Kunshan, is Wistron’s sole iPhone manufacturing site, according to people familiar with the company’s business.The deal is a win for Luxshare, which produces accessories …read more
Source:: Yahoo Finance
