Chinese Apple-assembler Luxshare soars on iPhone assembly deal

As U.S.-China tensions continue to escalate, Apple is set to invite mainland Chinese company Luxshare into the exclusive iPhone assembly club, marking the biggest change to Apple’s iPhone production model in years.
Debby Wu for Bloomberg:Luxshare Precision Industry Co. struck a deal to acquire Wistron Corp.’s iPhone unit and become the first mainland company to assemble Apple’s marquee device. It’s another win for a company that went from making cables and antennas to Air