APPLE INSIDER

In an attempt to secure a place in the iPhone supply chain, AirPods supplier Luxshare has purchased an iPhone plant for $472 million dollars.

Tim Cook visits Luxshare factory in 2017 | Image credit: AppleTim Cook visits Luxshare factory in 2017 | Image credit: Apple

While Luxshare is already in Apple’s supply chain as a major assembly partner for AirPods and the Apple Watch, the company has hopes of becoming a top iPhone manufacturer.

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Source: APPLE INSIDER