Page 37 - Tata Electronics News Today

Tata Group is in talks to buy Wistrons Karnataka manufacturing unit, which produces components for Apple products. The deal, conducted through subsidiary Tata Electronics, is expected to lead to the Indian conglomerate being the first company in India to assemble iPhones.

Tata Group is in talks to buy Wistrons Karnataka manufacturing unit, which produces components for Apple products. The deal, conducted through subsidiary Tata Electronics, is expected to lead to the Indian conglomerate being the first company in India to assemble iPhones. Although the Indian smartphone market is growing, Apple and other suppliers have been enticed to expand there by government policy.

Tata Group: The deal, conducted through subsidiary Tata Electronics, is expected to lead to the Indian conglomerate being the first company in India to assemble iPhones.

Tata Sons board members, including Venu Srinivasan and Ajay Piramal, took a tour of the facilities of Tata Electronics in Bangalore and Hosur, which is set to become the conglomerates primary chip-manufacturing vehicle. Tata Electronics hosted the entire Tata Sons brass for its board meeting, where Chairman N Chandrasekaran discussed the future growth plans, top sources aware of the plant visits told ET.

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Deal to acquire unit, which is valued at over $600 million and employs over 10,000 people, is on verge of being finalised

Tata Sons board members, including Venu Srinivasan and Ajay Piramal, took a tour of the facilities of Tata Electronics in Bangalore and Hosur, which is set to become the conglomerates primary chip-manufacturing vehicle. Tata Electronics hosted the entire Tata Sons brass for its board meeting, where Chairman N Chandrasekaran discussed the future growth plans, top sources aware of the plant visits told ET.

In November 2022, Patently Apple posted a report titled "Indias Tata Electronics is in Negotiations to Acquire Wistrons iPhone Plant." Then in May we reported that the Tata Group had completed the deal for Wistron and will be manufacturing 5% of the new iPhone 15. Today its being confirmed ...

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In FY 2023, Tamil Nadu's electronics exports reached US$5.37 billion, triple the previous year, making it the top Indian state in this domain.