iPhone manufacturing

Tata to buy Pegatron’s iPhone plant in India- All details you need to know

9Apr

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Technology

Tata to buy Pegatron’s iPhone plant in India- All details you need to know

[ad_1] 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...

iPhone production halted after fire breaks out in Pegatron plant near Chennai

25Sep

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Technology

iPhone production halted after fire breaks out in Pegatron plant near Chennai

[ad_1] Pegatron, an Apple iPhone manufacturer, on Monday suspended iPhone assembly at its facility near Chennai, Tamil Nadu, due to a fire incident. The incident happened on Sunday night, three sources told Reuters. Pegatron, a Taiwanese firm, called off all shifts for the day at the factory. Workers are yet to be informed whether the facility will function on Tuesday. Pegatron in a statement told Reuters that "there was a spark incident" at the facility that is currently under control, and the incident "does not have significant financial or operational impact" for the company.Apple did not respond to a request for comment. That the fire was serious enough is clear from the fact that multiple fire engines from various stations had to be brought in to douse the fire, taking nearly five ...

Foxconn says no ‘definitive agreements’ for new India investment

5Mar

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Technology

Foxconn says no ‘definitive agreements’ for new India investment

[ad_1] Taiwanese tech giant Foxconn confirmed on Saturday that its chairman had visited India, but denied it had "entered into any binding, definitive agreements" after reports saying it was planning new investments in the country. Also known by its official name, Hon Hai Precision Industry, Foxconn is the world's biggest contract electronics manufacturer and a principal assembler of Apple iPhones. Both companies are seeking to diversify away from China, where much of their manufacturing is based, after strict Covid policies last year and ongoing diplomatic tensions with the United States hurt production. Foxconn said in a statement on Saturday that no deals had been finalised during chairman and CEO Young Liu's visit to India from February 27 to March 4. "Foxconn has not enter...

Tata in talks to buy Apple vendor Wistron’s India facility for up to $613 million -report

30Nov

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Technology

Tata in talks to buy Apple vendor Wistron’s India facility for up to $613 million -report

[ad_1] Tata Group is in talks to buy Wistron Corp's only manufacturing facility in India for up to 50 billion rupees ($612.6 million). Tata Group is in talks to buy Wistron Corp's only manufacturing facility in India for up to 50 billion rupees ($612.6 million), the Economic Times business daily reported Wednesday, citing people familiar with the discussions. If it fails to strike a deal to buy the facility in the southern Indian state of Karnataka, Tata could consider a joint venture with Taiwan's Wistron – one of Apple Inc's top vendors in India – the report said, citing sources close to Tata. Tata Electronics, a unit of salt-to-software conglomerate Tata Group, already supplies components to Apple from its Hosur unit in Tamil Nadu, which neighbours Karnataka, according to the ...

26Nov

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Technology

Foxconn unrest risks iPhone shipments

[ad_1] Foxconn's flagship iPhone plant in China is set to see a further reduction in November shipments. Foxconn's flagship iPhone plant in China is set to see a further reduction in November shipments after the latest bout of worker unrest this week, a source with direct knowledge of the matter said on Friday, as thousands of employees quit. The world's largest Apple iPhone factory has been grappling with strict COVID-19 restrictions that have fuelled discontent among workers and disrupted production ahead of Christmas and January's Lunar New Year holiday, as many workers were either put into isolation or fled the plant. Following Wednesday's escalation that saw workers clash with security personnel, Foxconn could now see more than 30% of the site's November production affected,...

Massive Move! India wins big in Apple race against China on iPhone 14, more

14Oct

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Technology

Massive Move! India wins big in Apple race against China on iPhone 14, more

[ad_1] Apple will be diversifying its production out of China and begin manufacturing iPhone 14 in India. Analyst Ming-Chi Kuo reveals important details. Last month, Apple made a major announcement when it revealed that it will be beginning some of its iPhone 14 manufacturing in India. This move will facilitate the iPhone makers' diversification of the supply chain outside of China. It is believed that this strategy was leveraged in the light of rising geopolitical tension between the US and China. India will be one of the prime beneficiaries of this move alongside Thailand which is expected to get some of the assembly line for MacBooks.As a direct effect of this move, The Foxconn unit in Chennai has begun assembling iPhone 14 series smartphones as of last month. The smartphones are f...