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By Sherry Qin Share of Apple supplier Luxshare rose sharply as the Chinese company swooped in to take a majority slice of a Taiwanese rival's iPhone assembly plant. The Shenzhen-based...
Luxshare is set to buy a 62.5 per cent stake in Taiwanese rival Pegatron’s unit in eastern Jiangsu province, enabling the Shenzhen-based firm to better compete with Apple’s primary supplier Foxconn.
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As part of Tim Cook's plan to strengthen ties with China-based suppliers and enhance relations with the Chinese Communist Party, Luxshare …