CONNECT WITH US
NEWS TAGGED LUXSHARE
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...
Friday 19 July 2024
Foxconn, Luxshare to gain from consumer electronics demand recovery
Demand for smartphones and other consumer electronics is on the rise, prompting device assemblers such as Hon Hai Precision Industry (Foxconn) and Luxshare Precision Industry to prepare...
Tuesday 18 June 2024
Intel invests in Luxshare subsidiary in China
Intel invested in China-based Dongguan Luxshare Technology, a subsidiary of Luxshare Precision, amid deepening Intel-Luxshare ties as demands for high-speed interconnect products...
Tuesday 6 February 2024
Chinese suppliers make up majority of Vision Pro supply chain, say sources
Chinese suppliers command most of the supply chain for Apple's new Vision Pro spatial computer, while suppliers from the US, Japan, and South Korea retain control of critical components,...
Monday 22 January 2024
Pegatron maintains strong footing in China despite asset transaction with Luxshare, says chairman
In December, Pegatron surprised the market by yielding control of its Kunshan subsidiary to China-based Luxshare. Pegatron said it was a collaborative decision with its customers,...
Thursday 18 January 2024
Pegatron chairman expects better macros in 2024
In 2024, macroeconomic conditions will be more favorable than the previous year due to inventory correction in supply chains, regional wars, and monetary tightening, according to...