Page 26 - Pegatron Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Tata Group, India’s largest conglomerate, is close to an agreement to acquire an Apple Inc. supplier’s factory as soon as August, marking the first time a local company would move into the assembly of iPhones, according to people familiar with the matter.Most Read from BloombergTurkey Agrees to Back Sweden’s NATO Bid in Boost to AlliancePowell Haunted by Repo Crisis as Fed Aims to Cut Balance SheetPutin Met Wagner’s Prigozhin After Revolt That Shook RussiaErdogan Just Doomed Turke

Tata Group, India's largest conglomerate, is close to an agreement to acquire an Apple Inc. supplier's factory as soon as August, marking the first time a local company would move into the assembly of iPhones.

Tata Group is reportedly close to acquiring an Apple supplier's factory, marking the first time a local company will assemble iPhones. 

Wistron's factory in Karnataka is potentially valued at $600 million (over Rs 4000 crore). The facility employs over 10,000 workers that assemble the latest-gen iPhone 14.

As per reports, Tata Group, India's largest conglomerate, is nearing an agreement to buy an Apple Inc. supplier's plant as early as August, marking the first time a local company would enter the...