Taiwan’s Pegatron sells majority stake in India iPhone plant to Tata, sources say

Quick Summary:

As Apple diversifies its supply chain beyond China, India is set to produce up to 25 per cent of the iPhones shipped this year.

Reuters was first to report in April that Pegatron had the backing of Apple and was holding advanced talks to sell its only iPhone plant in India to Tata, marking the Taiwanese firm’s latest scale back of its Apple partnership.

The sources did not elaborate on the financials of the deal.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: Hong KongChinaIndiaTaiwan

Topics: Apple Joint India Plant Pegatron Iphone Electronics Tata Reuters Sources Taiwanese

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 10:17:37 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 165 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23645230

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