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)

LAULY LI, Nikkei staff writer

January 28, 2021 20:47 JST

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.