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Pegatron May Sell Its Lone India iPhone Manufacturing Unit To Tata

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Tue, Apr 9, 2024 04:21 AM

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Pegatron May Sell Its Lone India iPhone Manufacturing Unit To Tata: Report Taiwanese contract electr

Pegatron May Sell Its Lone India iPhone Manufacturing Unit To Tata: Report Taiwanese contract electronics manufacturer and an Apple iPhone supplier Pegatron is in advanced negotiations to transfer control of its sole iPhone manufacturing facility in India to the Tata Group, a report by news agency Reuters said on Monday, citing two sources familiar with the matter. This move signifies Pegatron's latest scale back in its partnership with Cupertino headquartered Apple. Under the proposed agreement, which has Apple's approval, Tata intends to acquire at least a 65 per cent ownership stake in a joint venture responsible for operating the Pegatron plant near Chennai city in the southern Indian state of Tamil Nadu. Pegatron will offer technical assistance and retain the remaining ownership stake, as stated by one of the sources, the report added. [Read more]( If you would prefer not receiving our emails, please [Click Here](

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