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

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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 ......