Luxshare builds massive iPhone factory in China to challenge Foxconn and Pegatron

Luxshare Precision Industry is building a massive manufacturing complex in eastern China as it aims — with Apple’s blessing — to break the decadelong hold that Taiwanese rivals Foxconn and Pegatron have on iPhone assembly.Lauly Li, Cheng Ting-Fang, and Shunsuke Tabeta for Nikkei Asia:Luxshare, China’s most prominent player in the Apple supply chain, is building a 285,000 sq. meter manufacturing park in Kunshan, Jiangsu Province, with a total investment of 11 billion yuan