Luxshare Precision Industry is building a massive new iPhone assembly plant in China – with Apple's blessing – to rival Foxconn and Pegatron, reports 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 ($1.72 billion). The sprawling site — covering an area the size of 40 football fields — will churn out millions of iPhones as early as next year.
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