The iPhone assembly territory is large**.
Pegatron announced that its important subsidiary Kunshan Shishuo Electronics for the production of iPhones will handle a cash capital increase, and will introduce Lixun's Lizhen Precision funds, and after the completion of the increase, Shishuo will be led by Lixun Group, and Pegatron will lose control
This means that Pegatron fades out of iPhone manufacturing in Chinese mainland, and even though Pegatron is actively expanding production areas such as India, its production capacity is still difficult to compare with mainland factories in the short term.
At present, Hon Hai is the leader in the iPhone foundry business, winning more than half of the ordersPegatron is the second, accounting for about 20%;Luxshare ranked third. With the change of Kunshan Shishuo to be dominated by Luxshare, Luxshare has greatly increased its energy in iPhone assembly, and may replace Pegatron and become the second largest iPhone foundry.
This is Pegatron Group's sale of its metal case factory Kaisheng-ky to Luxshare Group, and Pegatron Group has once again faded out of Apple's ** chain.
Pegatron and Luxshare announced in January 2021 that Luxshare will invest RMB 6 billion in Kaisheng's subsidiary "Rikai Computer Accessories". Luxshare will hold 50 of the Japanese armor1% of the shares, Pegatron's stake in Nikai fell from 100% to 499%。
Pegatron pointed out that after the completion of this increase, Pegatron Group's indirect shareholding ratio in Shishuo will be reduced from 100% to 375% and loss of control;At the same time, Shishuo will be led by Luxshare Group.
Pegatron said that the main purpose of the capital increase is to optimize the business.
Pegatron said that in response to the rapid changes in the market and industrial environment, in order to strengthen the production efficiency of regional manufacturing, it is expected to establish a joint venture relationship with strategic investors through this additional project, so that Pegatron Group can allocate resources more effectively, achieve regional balance to enhance competitiveness, and maximize shareholder value.
and the addition does not change Pegatron's current business operation model, and the assessment has limited impact on the overall operating situation.
At present, Pegatron has two iPhone manufacturing plants in mainland China, namely Shanghai Pegatron and Kunshan Shishuo.
Among them, Shanghai Pegatron is the main iPhone manufacturing plant, including New Product Introduction (NPI), that is, the newly developed iPhone models, which are produced in ShanghaiKunshan Shishuo produces the old generation of iPhone models.
Pegatron expands investment in Vietnam
On the one hand, Pegatron introduced Luxshare Precision in the Kunshan Shishuo factory, and on the other hand, it continued to expand non-Chinese production capacity, and announced on the 28th that it would drop about 201.4 billion yuan to build a new factory and staff dormitory in Haiphong, Vietnam, Pegatron said, mainly for production and operation.
Pegatron Vietnam Company Limited, a subsidiary of Pegatron Vietnam Company Limited, announced that the contractor will lease land to build a factory, and the contractor is responsible for the construction and development of Jianxing Vietnam8.9 billion yuan, Pegatron said, is mainly for production and operation.
In addition, Pegatron Vietnam Company Limited, a subsidiary of Pegatron, announced that it would lease land to build staff dormitories, and the contractor was Zhongyifeng Vietnam Construction and Development Responsibility*** The total amount of the contract is about NT$82.5 billion yuan. Pegatron said that it is mainly for business use.
Pegatron's Haiphong plant started production in the first half of last year, mainly producing consumer electronics, including Google's smart speakers, some products of Microsoft's Surface series, and home game consoles.
Apple is fading and looking for a new stage
The industry is concerned that the production capacity of Pegatron's iPhone production base in non-China is not yet complete, and the dominance of major iPhone manufacturing plants may lead to shrinkage and the weakening of the iPhone halo.
According to Pegatron's 2022 financial report, the paid-up capital of Pegatron is 595.9 billion yuan, with a net loss of NT$49.28 million in 2022, the good news is that Pegatron has reduced its shareholding in Kunshan Shishuo and replaced it with Luxshare Group, and Pegatron is expected to get rid of Shishuo's outsourcing burden.
Pegatron has not yet skimmed the AI server business, the proportion of vehicle electronics applications is not large, and the power of Pegatron iPhone has shrunk, and how to find a new stage continues, and the market is concerned.
According to the financial report, Kunshan Shishuo's main business items include the manufacture of satellite navigation and positioning receiving equipment and key components, mobile phones, third-generation and subsequent mobile communication mobile phones, base station core equipment and network testing equipment, large and medium-sized electronic computers, portable micro electronic computers, high-end servers, large-capacity optical and disk drives and their components.