World / Industry

IPhone supplier Pegatron takes over Casetek

Posted On: Aug 13, 2020   |   Posted By: iMore

IPhone supplier Pegatron takes over Casetek

"Pegatron is trying to bolster its component business to defend itself against the rise of Luxshare"
What you need to know
There's more movement in Apple's supply chain.
iPhone assembler Pegatron is taking over Casetek.
Analysts say it is shoring up its position against rival Luxshare.
iPhone assembly partner Pegatron is taking over Casetek Holdings Ltd, in an attempt to shore up its position against Chinese rival Luxshare.
As reported by Bloomberg :
iPhone assembler Pegatron Corp. is taking over Casetek Holdings Ltd., strengthening its position against rising Chinese rival Luxshare Precision Industry Co.
Taiwan's Pegatron, which along with larger competitor Hon Hai Precision Industry Co. makes most of the world's iPhones, said in a statement it will acquire the rest of the device casings maker it doesn't own, then take private a unit valued at about $1 billion.
The report says both Pegatron and Apple's main supplier Foxconn are preparing for "intensified competition" from rival Luxshare, and other mainland...

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