Tag: Pegatron

iPhone production in India hits $14 billion- Apple’s Make-in-India plan a huge success?
11Apr By adminNo Comments
Technology

iPhone production in India hits $14 billion- Apple’s Make-in-India plan a huge success?

[ad_1] In a notable development for global manufacturing, reports indicate that Apple has substantially increased its iPhone production in India, reaching an impressive $14 billion worth during the last fiscal year. This surge represents a doubling of production capacity and accounts for approximately 14% of Apple's total iPhone output. The move underscores Apple's strategic efforts to diversify its manufacturing beyond its traditional stronghold in China, a decision likely influenced by ongoing geopolitical tensions.Apple's Make-in-India plan a huge success?While the majority of the production in India currently focuses on models from the iPhone 12 to the latest iPhone 15, excluding the high-end Pro and Pro Max variants, it nonetheless signifies a significant milestone for India's aspi...
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Tata to buy Pegatron’s iPhone plant in India- All details you need to know
9Apr By adminNo Comments
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...
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Tamil Nadu in $4.4 billion deals with Apple suppliers such as Tata Electronics, Pegatron
8Jan By adminNo Comments
Technology

Tamil Nadu in $4.4 billion deals with Apple suppliers such as Tata Electronics, Pegatron

[ad_1] Tamil Nadu has signed investment pacts worth more than $4.39 billion with firms such as Apple suppliers Tata Electronics and Pegatron, as well as auto major Hyundai Motors, it said on Sunday. Apple is counting on India as the next big driver of its growth as the tech giant looks to diversify some production away from China, with Pegatron working towards a second factory in the country where Tata Group last year began to assemble iPhones.Tata Electronics, a part of the Indian conglomerate, committed to invest 120.8 billion rupees for mobile phone assembly operations, the state government said during the signing of the agreements. "The Tamil Nadu government will support investors in every way possible," Chief Minister M. K. Stalin said at the event, adding that it sought to play a ...
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iPhone production halted after fire breaks out in Pegatron plant near Chennai
25Sep By adminNo Comments
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 ...
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