Page 7 - Tata Electronics News Today

Apples ecosystem of component makers and suppliers could collectively employ around 500,000 people in India directly in the next three years — marking an over three-fold increase — as the phone-maker is aiming to move at least half of its existing supply chain from China to India, top officials aware of the matter told ET.

India Business News: Apple plans to shift a significant portion of its supply chain from China to India, aiming to boost local employment by three-fold to around 500,000 i

Apple India: Cupertino-based Apple is looking to increasingly distance itself from China. It also aims to increase local value addition from its Indian suppliers in line with the approach that it has adopted in China.

Data from Google Ads Transparency Centre shows that parties are shelling out nearly Rs 117 crore on the search giant alone. This is against the Rs 10 crore spent on political ads in the runup to the 2019 general elections.

Apple India: Experts are of the view that as India becomes an important market both for exports as well as for local sale of Apple products, it will trigger a vibrant supplier ecosystem. And, also emerge as a potential R&D hub for software-to-silicon design.

Apple has significantly ramped up iPhone production in India, assembling a substantial $14 billion worth of iPhones in the fiscal year 2024.

Tata Group is reportedly negotiating to acquire Pegatron's only iPhone manufacturing facility in the country. This potential deal indicates Pegatron's scaling back of its partnership with Apple and Tata's expansion in iPhone manufacturing.

Talks expected to close in 6 months, with Pegatron India staff moving to the new entity

This initiative aligns with similar projects undertaken by Apple’s suppliers in countries like China and Vietnam. - Newsx

The Pegatron plant employs nearly 10,000 employees and makes 5 million iPhones annually. It is the last such facility operated by the firm.