Apple’s Chinese supplier Lingyi taps foreign investor for India expansion

An Indian step-down subsidiary of Chinese consumer electronics component maker Lingyi iTech (Guangdong) Co Ltd is set to raise as much as $150 million (about Rs 1,250 crore) from a marquee global investor to expand its operations.  Lingyi subsidiary Salcomp Technologies India Pvt Ltd, which makes chargers for Apple Inc.’s iPhones, is raising ......