On Friday, Tata Electronics announced that it has acquired a 60% stake in Pegatron’s Indian subsidiary, which manages an iPhone manufacturing facility, enhancing Tata’s role as an Apple supplier in the rapidly expanding Indian market. According to a Reuters‘ source familiar with the details, the stake in Pegatron Technology India pertains to the iPhone plant located near Chennai in southern India. Reuters:
MacDailyNews Take: The more production and assembly that Apple does outside of CCP-controlled China, the better. We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription.
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Friday, January 24, 2025
Tata Electronics buys 60% stake in Pegatron India for Apple iPhone factory
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