Skip to content
Subscriber Only

Apple to Gain a New Chinese iPhone Maker During a Trade War

  • China’s Luxshare strikes deal that may see it assemble iPhones
  • The Chinese company poses a threat to Foxconn and Pegatron
Apple Inc.'s iPhone XS, XS Max and Watch Arrive In Stores
Photographer: Anthony Kwan/Bloomberg

Luxshare Precision Industry Co. is acquiring Wistron Corp.’s iPhone production business in China via a $472 million deal, potentially becoming the first mainland company to win a coveted role assembling Apple Inc.’s device during U.S. trade tensions.

Taiwan-based Wistron, one of just three contract manufacturers that assemble Apple’s iPhones, said Friday it’s agreed to sell two subsidiaries in eastern China for 3.3 billion yuan to Luxshare. One of those units, based in the city of Kunshan, is Wistron’s sole iPhone manufacturing site, according to people familiar with the company’s business.