luxshare precision industry

Apple's Chinese manufacturing partner luxshare precision industry is set to acquire a majority stake in Pegatron's iPhone assembly site in Kunshan. The $300 million deal will enable Luxshare to compete with Foxconn, Apple's primary contract manufacturer. The acquisition will also strengthen Apple's ties with mainland China-based suppliers and improve relations with Beijing.

Apart from the Apple Watch and MacBook, the tech giant has recently shifted some areas of iPhone production from China to other markets, including India. The company started manufacturing iPhone 13 earlier this year in India and is now planning to assemble iPad tablets in the country, suggests a Reuters report.

Apple Inc is asking its suppliers to move some AirPods and Beats headphone production to India for the first time, Nikkei reported on Wednesday, in what could be an another win for New Delhi in its push for local manufacturing. Apple iPhone assembler Foxconn is preparing to make Beats headphones in India and hopes to eventually produce AirPods in the country as well, the report said, citing sources.

Wingtech Technology is selling its consumer electronics manufacturing business to focus on semiconductors, following its addition to a US trade blacklist. The sale to Apple supplier Luxshare includes nine subsidiaries but excludes its semiconductor unit.

Hon Hai Precision Industry Co chairman Young Liu said it’s gradually adding more capacity outside of China, the main base of production for gadgets from iPhones to Dell desktops and Nintendo Switches. The proportion outside the country is now at 30%, up from 25% last June.

Taiwan cracks down on Chinese tech firms for illegal activities and talent poaching, highlighting concerns over chip expertise and law enforcement against mainland China companies like Luxshare and Zhejiang Dahua.

Technology stocks surged following a temporary pause in tariffs on phones, computers, and consumer electronics, announced by the Trump administration. Apple shares notably climbed, and Asian tech stocks experienced a boost. Despite the positive market reaction, officials cautioned that tech tariffs are still anticipated in the near future, creating uncertainty about ongoing trade negotiations with China.

Apple is receiving initial clearance from India to expand its assembly network beyond China. The clearances from key Indian ministries are a step towards full approval for expansion in India. Apple and other US electronics brands are seeking to reduce their reliance on China after trade restrictions and Covid-related production disruptions laid bare the risks of too much concentration in one country.

Apple is reportedly expanding its assembly of iPhone 14 models in India. According to a report in Bloomberg, citing people familiar with the matter, Taiwanese contract manufacturer Pegatron Corp will assemble the latest-generation iPhones in India.

Apple is reportedly facing issues with screen supplies for the Apple Vision Pro and is seeking help from Chinese vendors. Sony, the sole manufacturer of these displays, has declined to increase production capacity. Apple is now testing displays from two additional suppliers, SeeYa Technology and BOE. It is unclear if there will be an increase in orders for Vision Pro. Chinese suppliers Lens Technology, Genius Electronic Optical, and luxshare precision industry are key components for Apple's headset.

The move is part of Apple's gradual diversification from China, as it looks to lower the risk of supply chain disruptions stemming from the country's strict zero-Covid policy and tensions with the US, a report said. Apple is trying to make India a strategic production base, with exports intended for European and Middle East markets.

Taiwanese contract manufacturer Foxconn has won an order to make AirPods for Apple Inc and plans to build a factory in India to produce the wireless earphones, two people with direct knowledge of the matter told Reuters.

Foxconn has replaced long-time chief Wang Charng-yang with Michael Chiang, as reported by Bloomberg. The source mentioned that people with inside information revealed that Foxconn’s decision to change its iPhone manufacturing in-charge was all but confirmed at the company’s annual year-end party. However, Charng-yang is still connected to the company as its board member.

Taiwanese prosecutors have issued an arrest warrant for OnePlus CEO Pete Lau, accusing him of illegally hiring over 70 engineers from the island. Authorities allege OnePlus operated a clandestine recruitment scheme through an unapproved Hong Kong shell company, violating laws governing mainland Chinese business operations in Taiwan.

Apple AirPods are expected to hit 100% growth in shipments in 2019, according to a report. The report cites people familiar with the production plans of the company. The highest contributor to the increased shipments of AirPods is the latest and the most expensive AirPods Pro. The demand has pushed Apple’s assembly partners against capacity and technical constraints.

The second generation of Apple AirPods is barely a month old and there is a fresh report that suggests that the iPhone maker is working on launching its successors later this year.

Key Apple Inc. manufacturing partner Foxconn Technology Group has appointed a new boss for its iPhone assembly business after a tumultuous year in China, highlighting the company’s efforts to ready a new generation of leaders to help it navigate a post-Covid world.

In less than a year, China has upended the world’s largest internet sphere, throwing its biggest players from Alibaba to Tencent into a tailspin with a storm of regulatory measures to loosen their stranglehold over data and content. Yet Apple Inc, the largest of them all and an American icon, has sailed through mostly unscathed.

Chinese authorities are causing concerns for foreign companies in the country with a series of arrests and investigations. Foxconn, Apple's main partner and one of the largest employers in China, is being audited for taxes and land use. WPP executives have also been arrested, and a Japanese metals trading company employee and an Astellas Pharma executive have been detained. The opaque approach to regulation in China is unsettling foreign executives, as they are left guessing about the government's ultimate goals.

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Apple reported a 1% decline in sales for the three months ending in September, marking the end of a fiscal year with sales declines in every quarter. While iPhone sales increased 3%, sales for other products such as Mac, iPad, Apple Watch, and AirPods declined. The company's shares have also declined, and it faces challenges such as a slowdown in smartphone purchases in the US and increased competition in China. Apple is now focusing on its upcoming release of high-tech goggles and reviving sales of iPads and Macs.