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NEWS TAGGED LUXSHARE
Tuesday 21 January 2025
Chinese mobile ODMs diverge amid industry headwinds
The mobile phone ODM industry continues to grapple with significant challenges, including pressure from both suppliers and customers, while being characterized by labor-intensive...
Thursday 16 January 2025
Apple's supply chain evolves: iPhone makers pivot as India and China gain ground
Recent shifts in the global smartphone manufacturing landscape highlight diversification efforts among iPhone manufacturers. Tata Electronics is exploring partnerships with major...
Monday 13 January 2025
Luxshare's Wingtech ODM acquisition set to enhance design capabilities and reduce reliance on Apple
Luxshare's planned acquisition of Wingtech's ODM business by the end of 2024 aims to enhance its design capabilities and global presence, while Wingtech shifts focus to semiconductors...
Tuesday 7 January 2025
Luxshare boosts Vietnam investment amid Trump's tariff plans
Luxshare-ICT plans an additional US$208.5 million investment in Vietnam's Nghe An province, set to boost annual production and create 25,000 jobs. The expansion strengthens Luxshare's...
Tuesday 31 December 2024
Luxshare to acquire nine Wingtech ODM subsidiaries
Wingtech, a Chinese ODM and IDM powerhouse, announced on December 30 that it has signed a letter of intent to transfer the equity and operating assets of nine ODM subsidiaries to...
Tuesday 3 December 2024
Luxshare expands and leverages non-China capacity in Vietnam to ease client cost pressures
Luxshare Precision, a key Chinese partner of Apple, is expanding its production capacity in Vietnam through a significant enlargement of its Nghe An facility. The workforce is expected...
Friday 25 October 2024
Luxshare reportedly to halt Vision Pro production amid surplus component inventory
Apple has dramatically reduced Vision Pro mixed reality (MR) headset shipments since mid-2024, with production potentially halting by year-end due to declining demand, reports The...
Friday 25 October 2024
Apple COO visit trio of key Chinese suppliers, reaffirms commitment to China
After meeting with China's Ministry of Industry and Information Technology (MIIT), Apple CEO Tim Cook continued his visit to China led by COO Jeff Williams. They visited key local...
Wednesday 16 October 2024
Luxshare steps up capacity expansion in Vietnam
Luxshare Precision Industry, Apple's primary Chinese partner, has accelerated its capacity expansion in Vietnam by expanding its factory site in Nghe An, according to industry sour...
Tuesday 8 October 2024
Luxshare expands investment in Vietnam, to make wearables for Apple and Huawei
According to Luxshare's latest plan, the Apple supplier plans to invest US$150 million in Nghe An, Vietnam, to establish production facilities for Apple Watch and Huawei watches.
Thursday 19 September 2024
Luxshare expands in Apple supply chain and auto sector, challenging Foxconn's dominance
China-based Luxshare Precision Industry is deepening its involvement in the Apple supply chain, emerging as a growing threat to Taiwan-based Hon Hai Precision Industry (Foxconn),...
Thursday 19 September 2024
Will Luxshare gain from Huawei-shunning Chinese carmakers?
Luxshare Precision Industry's entry into the future automobile market has not been as rapid as its Chinese competitors. However, market sources suggest that Luxshare may provide Chinese...
Wednesday 18 September 2024
Apple supplier Luxshare acquires German auto supplier Leoni in diversification bid
With iPhone sales in the Greater China region slumping in the first half of 2024 under fierce competition from Chinese smartphone brands, companies in Apple's supply chain have been...
Friday 23 August 2024
India reportedly allows Luxshare's investment in Tamil Nadu
After years of stringent restrictions on incoming Chinese investments, India has reportedly approved investments from Luxshare and Huaqin, as well as some Taiwanese investments with...
Friday 23 August 2024
Apple supplier Pegatron's 2Q24 profit top 9-quarter high
Pegatron's modest growth in its core business, coupled with a significant external gain of NT$2.1 billion (approximately US$67.5 million) from Luxshare Precision's acquisition of...