Apple would team up with Luxshare Precision for the assembly of iPhones. According to the British business newspaper ‘Financial Times’, Apple is expected to use the Chinese company to build the most expensive models. With this, the American tech company responds to the production problems at Foxconn. That Taiwanese company has to deal with employee protests at its largest factory in China against the corona measures.
Three sources report to the business newspaper that Apple will sign its first major contract with Luxshare Precisions, a competitor of Foxconn, and Pegatron, also from Taiwan.
Luxshare is already making small numbers of the iPhone 14 Pro Max at a factory in Kunshan, northwest of Shanghai, according to two sources. Apple wants to compensate Foxconn’s lost production since November. Foxconn has so far been the only supplier for the construction of new iPhone Pro models.
LOOK. Workers at a Foxconn factory fled corona measures in October last year.
Striking: the founder of Luxshare is a former Foxconn employee. Grace Wang and her company have gained importance in the Apple chain in recent years, building everything from earphones to other iPhones. But for the time being there was no major contract for the premium models.
Incidentally, it appears on Thursday that Apple is also increasingly focusing on India for the production of smartphones after China. Indian factories of Foxconn, Wistron and Pegatron and parts suppliers Sunwoda, Avary, Foxlink and Salcomp have created 50,000 direct jobs in India since August 2021, a spokesman for India’s Ministry of Electronics and Information Technology confirmed. Indirectly this will create another 100,000 jobs.
LOOK. In November last year, violent riots broke out at the largest iPhone factory in the world.
The production problems at Foxconn resulted in longer delivery times for the top models of the new iPhone 14. Together with inflation and war in Ukraine, this put pressure on Apple’s share on the American stock exchange. Tuesday evening local time, the tech giant was found to be worth less than $ 2,000 billion. A year earlier, Apple still passed the $ 3,000 billion mark.
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