Tata to buy Pegatron’s iPhone plant in India- All details you need to know
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Pegatron, the Taiwanese manufacturer, is reportedly in advanced negotiations to transfer control of its sole iPhone production facility in India to the Tata Group. According to sources familiar with the matter, this marks Pegatron's latest move in scaling back its partnership with Apple. Under the proposed deal, which has purportedly received Apple's approval, Tata Group is expected to hold a minimum 65% stake in a joint venture that would oversee operations at the Pegatron plant near Chennai. Pegatron would provide technical support and retain the remaining stake.Pegatron has 10,000 workers The joint venture would be operated by Tata Electronics, a unit of Tata Group, a major conglomerate in India. The Pegatron facility in India currently employs approximately 10,000 workers and...