Luxshare building massive new iPhone factory to challenge Foxconn

Apple supplier Luxshare Precision is building a 'mega-plant' in China to boost its iPhone assembly capabilities and challenge Taiwanese rivals like Foxconn and Pegatron.Tim Cook at assembly plantThe company is reportedly building a 285-000-square-meter manufacturing facility in Kunshan City, China, Nikkei reported Wednesday. It plans to complete the first phase of the new manufacturing park in the middle of 2022, and could produce iPhone models sometime that year. Read more...