WISTRON IPHONE PLANT
AP fire-hit Foxlink back on track with a new Tamil Nadu plant
Apple supplier, Foxlink of Taiwan, is setting up a new factory in Oragadam, close to Chennai. This move comes as part of a fresh expansion plan following a destructive fire at their facility in Tirupati, Andhra Pradesh, last year.
Tata in talks to buy Pegatron’s iPhone operations as soon as May
Tata Group close to acquiring Pegatron's iPhone production in India, strengthening Apple ties. Negotiating majority stake in assembly near Chennai. Pegatron to assist Tata with manufacturing expertise. Modi offers financial incentives to boost Apple output in India.
Apple's India iPhone output hits $14 billion: report
Apple now makes as much as 14% or about 1 in 7 of its marquee devices from India, a Bloomberg report said, citing people familiar with the matter.
How Tata is putting the roar in the Make-in-India lion
Tata Group's strategic moves in high-tech manufacturing, including semiconductor investments and potential Pegatron acquisition, align with India's Make-in-India program. The Tata Group is poised for significant expansion in technology fields, with plans to inject over $120 billion into emerging business sectors and group focal points such as semiconductors, defense, electric vehicles, and Air India.
Tata likely to buy Pegatron's sole iPhone plant in India
Pegatron is in talks to transfer control of its iPhone manufacturing facility in India to the Tata Group, aiming to establish a joint venture with Tata Electronics holding at least a 65% stake. This move aligns with Apple's diversification strategy amid geopolitical tensions, strengthening Tata's position in iPhone manufacturing in India.
Apple supplier Rayprus eyeing Bengaluru facility
The Foxconn subsidiary that makes high-quality precision camera and lens solutions is looking to set up its facility within the sprawling new Foxconn campus coming up in Bengaluru
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Apple set to hit sweet spot with Rs 70,000-crore India sales
Analysts said the pace of expansion may slow in the next few years but will remain in the high double digits. The data cited refer to domestic sales, with iPhones accounting for 90-92% of sales. iPhone exports are not accounted for in Apple India’s books since these are global deals and the local unit is a sales entity.
Tata Group looking for Taiwanese partner for Dholera semicon plant
In a phased approach, the Indian conglomerate intends to initiate semiconductor production with established 65 nm technology. They will subsequently progress to 48 nm and ultimately 28 nm nodes within a few years. To have a strong technology partner with licence grade semiconductor manufacturing technology is key to the success of Tata's ambitious project.
CCI greenlights Tata Electronics' acquisition of iPhone supplier Wistron Infocomm
This proposed deal involves the acquisition of 100 per cent equity share capital of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited. The equity shares will be acquired from SMS Infocomm (Singapore) Private Limited and Wistron Hong Kong Limited.
It's raining investments: Pegatron, Tata Electronics, others ink pacts worth over Rs 30,000 cr with Tamil Nadu Govt
Tata Electronics is set to sign a Memorandum of Understanding (MoU) worth Rs 12,082 crore with the Tamil Nadu Government for mobile phone assembly operations. The MoU was signed at the Tamil Nadu Global Investors Meet 2024. Other companies, including JSW Renewable, TVS Group, and Mitsubishi Electric, have also signed pacts worth Rs 12,000 crore, Rs 5,000 crore, and Rs 6,180 crore respectively.
Tata plans new iPhone factory to hasten Apple’s India expansion
Tata wants to construct the factory in Hosur in the southern Tamil Nadu state, according to people with knowledge of the matter. The facility will likely have about 20 assembly lines and employ 50,000 workers within two years, according to the people, who declined to be named discussing unannounced plans. The goal is for the site to be operational in 12 to 18 months.
India mobile phone manufacturing is worth $44 billion, exports $11 billion: Ashwini Vaishnaw
Mobile phone manufacturing in India has gone up from a miniscule number to $44 billion today, and about $11 billion worth of these handsets are exported, electronics and information technology minister Ashwini Vaishnaw said on Monday.
Tata plans 2x expansion of its Hosur iPhone-casing unit
With the expanded unit, which could take about 12-18 months to be completed, the Hosur unit is likely to employ 25,000-28,000 people in one place,
For workers at this iPhone plant, Tata means a fresh start
At the Narasapura facility, the recent takeover brings in hopes of better facilities, and a permanent position with Brand Tata.
Tata Electronics acquires 100% stake in Wistron India
The Tata Group has signed an agreement with SMS InfoComm (Singapore) and Wistron Hong Kong Limited to acquire full stake (100 per cent) equity stake in Wistron Infocomm Manufacturing (India), enabling the Tata Group to officially join the Apple supply chain as an iPhone assembler.
Hello Tata, goodbye Wistron: The anatomy of a $750 million takeover deal
The Wistron purchase is expected to spur the next cycle of investments in the Indian electronics manufacturing ecosystem and signals the maturing of the country's contract manufacturing companies, minister of state for electronics and information technology Rajeev Chandrasekhar told ET last week.
With Wistron deal, Tata to become first Indian company to make iPhones
Wistron Corp announced the sale of its 100% indirect stake in Wistron InfoComm Manufacturing (India) Private Limited to Tata Electronics Private Limited for around $125 million.
Rapido's cab-hailing entry; Amazon's Q3 show with overseas push
Ride-hailing platform Rapido, known for venturing into this space with bike taxis, is now testing cabs on its platform. This and more in today’s ETtech Top 5.
Pegatron India's iPhone factory shutdown to go into third day after fire
A production shutdown at Apple supplier Pegatron's India iPhone factory is expected to extend into Wednesday and disruptions could last longer as authorities investigate a fire at the Taiwanese firm's only India plant, four sources said.
Pegatron halts iPhone assembly at India plant after fire
The factory is currently being examined by fire safety officials. A person close to the development confirmed that production at the factory has been halted due to the investigation with no timeline on resumption.
Apple bites big, turns largest smartphone exporter from India
Apple's robust performance since it began manufacturing in the country in 2017 was driven by a ramp-up in production by three of its contract manufacturers - Foxconn, Wistron, and Pegatron - from the second half of 2022 with the production of iPhone 14 and below to cater to the growing Indian market as well as exports.
Foxconn preps to make iPhone 15 in India
Apple's iPhone 15 will be manufactured in India by Foxconn, with trial production already underway, according to unidentified sources. Sriperumbudur in Tamil Nadu is Foxconn's site for the new product introduction of the iPhone, due for global launch next month. Further specifics on the amount to be produced in India are yet to be confirmed, however, the report stated that Bank of America suggests Apple could shift at least 18% of global production of the iPhone to India by 2025 from this year's 7%
Foxconn buys equipment from Apple for expansion in India
Apple's main iPhone manufacturer, Foxconn, has spent $33m on equipment purchased from an Apple unit to aid its expansion in India. The firm's Indian arm acquired items from Apple Operations, giving an insight into the working relationship between the Taiwanese company and Apple. The news comes after Apple tripled iPhone production in India last year, with CEO Tim Cook pledging to invest more in the country.
Tata Group in advanced stages to acquire Wistron's Karnataka plant
Tata Group is in talks to buy Wistron's Karnataka manufacturing unit, which produces components for Apple products. The deal, conducted through subsidiary Tata Electronics, is expected to lead to the Indian conglomerate being the first company in India to assemble iPhones. Although the Indian smartphone market is growing, Apple and other suppliers have been enticed to expand there by government policy.
Tata Group may become first Indian iPhone maker, likely to takeover Wistron factory in Karnataka
A takeover of the Wistron Corp. factory in southern Karnataka state, potentially valued at more than $600 million, would cap about a year of negotiations. The facility employs more than 10,000 workers, who assemble the latest iPhone 14 model. The addition of an Indian iPhone is likely to add momentum to Apple’s efforts to diversify its product base beyond China and build up technology manufacturing in the South Asian nation.
EV parts to iPhones, Foxconn making India second home
The Taiwanese contract manufacturer is on an expansion spree in India and states are rolling out the red carpet
Senior production staff end protest at Wistron's iPhone assembly unit
Confirming the development, Kolar district commissioner Venkat Raja told ET, "A section of senior production staff at Wistron went on protests against the management demanding higher wages... The protest has now been called off after the management gave assurances that their demands will be addressed."
Bumper Apple harvest: iPhone FY23 exports jump 4x to top $5 billion
According to trade and industry data, Apple's iPhone exports from India have increased almost fourfold year-on-year, crossing $5 billion in FY23, as suppliers of the company increased production locally. The Cupertino-based firm has become the first company to cross the $5-billion mark regarding exports from India. India's overall smartphone exports also exceeded $10 billion for the first time in a financial year, boosted by Samsung, accounting for roughly $3.5-$4 billion in FY23.
Tata nears iPhone plant takeover to grow Apple supply role
The airline-to-software conglomerate has been in talks with the factory’s owner, Taiwan’s Wistron Corp., for months, and is looking to complete the purchase by the end of March, according to two people familiar with the process.
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