Apple supplier Luxshare Precision is building a massive manufacturing complex in eastern China to challenge Taiwanese rivals Foxconn and Pegatron and to strengthen its position in the Cupertino tech company’s supply chain.
China’s Luxshare is making an effort to expand in Apple’s supply chain
As reported by Nikkei, the company is building a 285-000-square-meter manufacturing facility in Kunshan City, China. The manufacturing site, covering an area the size of 40 football fields, could start producing iPhones as early as next year.
Luxshare has invested $1.73 billion into the project and it hopes to increase its volume of iPhone production from 6.5 million units to 12 million to 15 million units as soon as 2022. In addition to the new complex, the company has also leased and remodeled an adjacent facility that was previously owned by iPad assembler Compal Electronics.