After multiple delays, The Tata Group has finally completed the Wistron deal by acquiring a 100% equity stake in Wistron Infocomm Manufacturing (India). The binding share purchase agreement, signed with SMS InfoComm (Singapore) and Wistron Hong Kong Limited, solidifies the Tata Group’s entry into iPhone assembly. Continue reading “Tata Group acquires 100% stake in Wistron’s iPhone making unit in India”
Tag: Tata Group
Tata Group wants to acquire Apple supplier Wistron’s Karnataka facility: Report
According to ET, Tata is interested in Apple vendor Wistron’s Karnataka facility. If completed, the transaction will assist the salt-to-software conglomerate in expanding the engineering and manufacturing industrial base of group company Tata Electronics Pvt. Ltd. (TEPL). Continue reading “Tata Group wants to acquire Apple supplier Wistron’s Karnataka facility: Report”
Tata Group in talks with Wistron to assemble iPhones in India: Report
This week, Apple unveiled the iPhone 14 Series. According to a recent report, the company plans to begin manufacturing the phone in India in two to three months, or during Q4 2022. Today, Bloomberg has reported that a Taiwanese supplier to Apple Inc. is in discussions with Tata Group to form an electronics manufacturing joint venture in India with the aim of assembling iPhones locally. Continue reading “Tata Group in talks with Wistron to assemble iPhones in India: Report”