Asia Tech Wire (June 19) -- Intel China has invested about 17.6618 million yuan (US$2.4 million) in a subsidiary of Apple supplier Luxshare Precision Industry Co. Ltd.

On June 12, Luxshare subsidiary Dongguan Luxshare Technology Co., Ltd. added a new investor, Intel (China) Co. Ltd. with a capital contribution of about 17.6618 million yuan.

Meanwhile, the company increased its registered capital from approximately 571 million yuan to approximately 589 million yuan.

Luxshare manufactures products such as iPhone, Apple Watch, AirPods and Apple Vision Pro for Apple.