AirPods supplier Luxshare announced on Friday that it will pay $472 million to acquire Wistron's iPhone manufacturing business, making it Apple's first iPhone manufacturer in China.
Currently, Wistron is one of only three iPhone OEMs, smaller than Pegatron and Foxconn.
The company announced today that it has agreed to sell two subsidiaries in East China for RMB 3.3 billion to Luxshare.
Analysts say the deal is a win for Luxshare. The company, which makes accessories and components from cables and chargers to antennas, is also the world's largest Apple AirPods Wireless headphone maker.
AirPods This lucrative business helped Luxshare become an Asian stock market performer in 2019 One of the best companies. At the same time, Apple is also actively looking for partners in the Chinese mainland.
Wistron said the Kunshan factory sold to Luxshare mainly produces smartphones, laptops and connected devices. equipment. In the future, Wistron will move the production of some of these products to other parts of China.
Luxshare was founded on May 24, 2004 and in September 2010 Luxshare was listed on the Shenzhen Stock Exchange on March 15.
According to the company's website, Luxshare always insists on technology-oriented core, integrating product development and application services in the All in one, and gradually realize the leap from traditional manufacturing to intelligent manufacturing.
