ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
China tech

China's Luxshare deepens Apple ties in $930m supply chain deal

Seller Pegatron set to shift resources with investments in India and Vietnam

A Luxshare plant in Guangdong, China. The Chinese company is now buying into Pegatron's casings business. (Photo by Takashi Kawakami) 

TAIPEI -- Apple supplier Luxshare Precision Industry is making a 6 billion yuan ($926 million) investment in an iPhone supply business owned by its rival Pegatron -- a major win that will help the fast-growing Chinese group become a more important production partner for the U.S. tech giant.

Luxshare, already a key AirPods and Apple Watch assembler, said in a stock exchange filing on Thursday that it is taking a stake in Pegatron's metal casing manufacturing unit, Casetek Holdings. Casetek makes metal casings and frames, a crucial high-end component in making iPhones.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more