NEW DELHI — India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters.
NEW DELHI — India 's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India , forming a new joint venture that strengthens Tata 's position as an Apple supplier, two sources told Reuters.
Tata declined to comment, while Apple and Pegatron did not respond to Reuters queries on Sunday.Reuters was the first to report in April that Pegatron had the backing of Apple and was holding advanced talks to sell its only iPhone plant in India to Tata, marking the Taiwanese firm's latest scaleback of its Apple partnership.Apple is increasingly looking to diversify its supply chain beyond China amid geopolitical tensions between Beijing and Washington.
Seals Deal For Iphone Plant In India
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