🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

Apple supplier Luxshare weighs manufacturing in US to tackle tariffs

Economic Times

Economic Times · 4m ago

Apple supplier Luxshare weighs manufacturing in US to tackle tariffs

Apple supplier Luxshare considers expanding manufacturing outside China, including the U.S., to tackle U.S. tariffs. Chairwoman Wang Laichun stated the tariffs' impact on profits is minimal, but more overseas investments are considered. They may fulfill U.S. market needs through localized products, contingent on commercial guarantees. Luxshare, with facilities across several countries, speculates greater Southeast Asian investments, but not India yet. Tariffs, she notes, don't typically affect hardware manufacturers' pricing strategies.

Related News

Apple supplier Luxshare to invest $330 million more in northern Vietnam

Economic Times

Economic Times · 1y ago

Apple supplier Luxshare to invest $330 million more in northern Vietnam

Apple supplier Luxshare plans to invest an additional $330 million in northern Vietnam. This investment aims to expand Luxshare's production facilities and meet the growing demand for electronic devices. The move showcases Luxshare's commitment to enhancing its manufacturing capabilities and strengthening its position in the global technology supply chain.

Apple's Chinese supplier Luxshare's production of some iPhone 15s doubled in a year

Economic Times

Economic Times · 1y ago

Apple's Chinese supplier Luxshare's production of some iPhone 15s doubled in a year

Chinese supplier Luxshare Precision Industry, known for producing Apple products, is expanding its business by producing three models of the iPhone 15 series this year. Luxshare's chairwoman, Wang Laichun, revealed that the company has doubled its business in a year and is also preparing for the production of the Apple Vision Pro wearable headset, expected to be available early next year. Luxshare has been increasing its production capacity to meet Apple's requirements and has seen significant growth in recent years as an Apple supplier.

Nexperia parent Wingtech to sell electronics arm

Economic Times

Economic Times · 7m ago

Nexperia parent Wingtech to sell electronics arm

Wingtech, owner of European chip maker Nexperia, plans to sell half its business to focus on chipmaking, affected by geopolitical changes and being added to the US entity list. The sale involves its electronics integration operations, including smartphone and appliance manufacturing. The buyer, Luxshare Ltd., is a Hong Kong-based company linked to an Apple supplier. Post-sale, Wingtech aims to become a leading global semiconductor company. No transaction price was disclosed.

Apple’s manufacturer Luxshare moves investment to Vietnam instead of India

Livemint

Livemint · 1y ago

Apple’s manufacturer Luxshare moves investment to Vietnam instead of India

Apple's major Chinese component manufacturer, Luxshare, has reportedly decided to invest in Vietnam instead of India due to ongoing political tensions between the two countries. Luxshare, a key supplier for Apple's AirPods and potentially iPhones, will shift its $330 million investment to Vietnam's Bac Giang province. This decision could result in a loss for India, which had hoped to incorporate Indian companies like the Tatas into Apple's supply chain. The move by Luxshare reflects Apple's increasing intent to diversify its manufacturing beyond China.

Apple's Bold Move Doubling iPhone Production in India to Embrace a Growing Manufacturing Hub

Business Bytes

Business Bytes · 1y ago

Apple's Bold Move Doubling iPhone Production in India to Embrace a Growing Manufacturing Hub

Apple plans to double its iPhone production in India by 2024, according to analyst Ming-Chi Kuo. India has been actively attracting tech manufacturing investments, offering incentives and reducing barriers. Foxconn, a key manufacturing partner, holds a significant share of iPhone production capacity in India, allowing for diversification and reduced dependency on China. Luxshare, a supplier initially focused on iPhone cables, is expanding its iPhone production in India. Apple's move aligns with India's "Make in India" initiative and demonstrates its commitment to tapping into the Indian market's potential and leveraging India's growing manufacturing reputation.

Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs

Economic Times

Economic Times · 9m ago

Taiwan's Foxconn says global manufacturing footprint to shield it from Trump's tariffs

Taiwan's Foxconn, the world's largest contract electronics maker and a key supplier to Apple, believes it will be less impacted by new tariffs imposed by US President-elect Donald Trump compared to its competitors. Foxconn's global manufacturing footprint allows it to shift production locations, minimizing the impact of tariffs. While its facilities in China may face challenges, the company has been investing in other countries such as the United States, Mexico, and Vietnam to diversify its supply chain. Foxconn plans to reveal more details about its US expansion plans once Trump's policies become clearer.

Foxconn sends 97% of India iPhone exports to US as Apple tackles Trump's tariffs

Economic Times

Economic Times · 2m ago

Foxconn sends 97% of India iPhone exports to US as Apple tackles Trump's tariffs

Foxconn, a major Apple supplier, exported nearly all iPhones from India to the US between March and May, a significant increase from the previous average of 50%. This shift is linked to Apple's strategy to bypass high US tariffs on Chinese imports. In March-May, iPhones worth $3.2 billion were exported, primarily to the US. This aligns with Apple’s efforts to increase India-based production, targeting 25-30% of global iPhone shipments by 2025.

Aequs gets tryout to join Apple’s vendor team

Economic Times

Economic Times · 10m ago

Aequs gets tryout to join Apple’s vendor team

Contract manufacturer Aequs group, based in Karnataka, is in the trial stage of becoming an Apple supplier. If successful, it would be the second Indian company to be included on Apple's supplier list and the sole domestic firm to supply parts for MacBook personal computers and Apple watches. Aequs has begun trial production of MacBook enclosures and mechanical components for the Apple watch, and has sent these parts to Apple's designated supplier in Vietnam for fitment checks. The process to become an Apple supplier is rigorous, but electronics manufacturing in India offers a compelling opportunity for companies to enter the sector.

Apple exports 97.6% of iPhones to US from India amid tariffs: Report

Economic Times

Economic Times · 4m ago

Apple exports 97.6% of iPhones to US from India amid tariffs: Report

Apple increased its iPhone exports from India to the US due to impending tariffs on Chinese imports. In March 2025, 97.6% of iPhones exported to the US were from India, as Apple shifted production from China to India. S&P Global reported a 219% rise in exports, driven by tariff concerns. Despite reliance on Chinese components, Apple plans to centralize US-bound iPhone production in India by 2026, leveraging local incentive schemes and expanding manufacturing facilities.

Building Apple products has become a side hustle for China’s biggest EV maker

Livemint

Livemint · 9m ago

Building Apple products has become a side hustle for China’s biggest EV maker

Chinese electric vehicle maker BYD is responsible for assembling over 30% of Apple's iPads, according to industry executives and analysts. The company, which is Tesla's main competitor in the EV market, has a second business manufacturing electronics. BYD, along with iPhone assembler Luxshare, have become essential for Apple's supply chain in China, highlighting the difficulty of reducing Chinese manufacturing. Apple CEO Tim Cook has acknowledged the importance of the Chinese partners and their expertise, particularly in relation to tariff exemptions and diversifying suppliers.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Download the medial app to read full posts, comements and news.