“Tata is emerging as ‘India’s Foxconn’ in Apple’s new Supply Chain”, Swarajyamag, November 20, 2024:
“Tata has recently agreed to acquire a 60 per cent majority stake in Pegatron’s iPhone facility in Tamil Nadu, creating a new joint venture with the Taiwanese contract manufacturing giant.
Pegatron, responsible for around 10 per cent of India’s iPhone production last year, is one of Apple’s top contract manufacturers, with its Indian plant employing approximately 10,000 people and producing around 5 million iPhones annually.
This acquisition cements Tata’s growing role as an Apple supplier within India.
It adds to the iPhone assembly facility Tata took over from Wistron in October 2023. The group secured a 100 per cent stake in the Wistron unit for an estimated $125 million……..”
Read the full article at Swarajyamag.com
