Page 2 - Iphone Manufacturing In India

Tata Electronics developing high-precision machines to build iPhone casings

The company has partnered with two Indian companies to enhance its capabilities and intends to eventually export these complex machines

Foxconn invites bids to construct Rs 1,200 crore plant in Karnataka

Taiwanese electronics manufacturer Foxconn has invited bids to construct a plant in Karnataka with an outlay of Rs 1,200 crore, according to sources. The project will be executed through Foxconn Hon Hai Technology India Mega Development Pvt. The Karnataka government has approved an investment proposal of around Rs 22,000 crore from Foxconn. "Foxconn's recent bid for plant construction is for an iPhone factory which it is setting up in Karnataka," a source aware of the development said. On February 6, Foxconn had said in a regulatory filing that the announcement about inviting bids was on behalf of its subsidiary Foxconn Hon Hai Technology India Mega Development Pvt Ltd for engaging others to build the plant. The source said the Rs 1,200 crore bid is not for the company's semiconductor joint venture with HCL. Last month, Foxconn Hon Hai Technology India Mega Development Pvt Ltd had allocated USD 37.2 million or about Rs 308 crore for setting up a semiconductor joint venture with .

Tata, Pegatron in talks for iPhone assembly facility in Tamil Nadu: Report

Tata is building the iPhone assembly plant in Hosur city, which will be its second such facility in the country. The move comes as Apple and its contract manufacturers are rapidly expanding

CCI clears Tata Electronics acquisition of Wistron's iPhone assembly plant

The Competition Commission of India (CCI) on Tuesday said it has cleared Tata Electronics' proposed acquisition of Taiwan-based Wistron's operations in India. Wistron Infocomm Manufacturing (India) operates an iPhone assembly plant near Bengaluru. In October last year, Wistron Group announced it has agreed to sell a plant in Bengaluru to the Tata Group. According to an update on the CCI's website on Tuesday, the regulator has cleared the deal between Tata Electronics and Wistron. Tata Electronics proposes to acquire 100 per cent of the Wistron Infocomm Manufacturing (India) equity share capital from SMS Infocomm (Singapore) Pvt Ltd (SMS Infocomm) and Wistron Hong Kong Ltd (Wistron HK), as per a notice submitted to the regulator. SMS Infocomm and Wistron HK owned 99.99 per cent while 0.01 per cent of the Wistron Infocomm Manufacturing (India) share capital on a fully diluted basis, respectively. Wistron InfoComm Manufacturing (India) was incorporated in 2017 by the Wistron group.

India's high-tech manufacturing goal, a long road with 1.39% global revenue

The distance India has to cover can be seen from the fact that China contributed 8.3 per cent of the top 20 manufacturing companies' global revenue at $279.4 billion

Foxconn set to open its first iPhone assembly plant in Bengaluru in April

The key Apple supplier will create a capacity that can assemble 20 million iPhones annually at the assembly unit in Karnataka

Foxconn's Hon Hai to expand footprint in India with $1.6 bn investment

The news comes as Hon Hai, also known as Foxconn, and other Taiwanese electronics manufacturers continue to diversify their businesses outside of China

Apple to assemble iPhone 17 in India in a pivot away from China: Report

About a quarter of iPhone assembly would happen in India from 2024, noted Apple analyst Ming-Chi Kuo in his blog on Medium

Apple may shift 18% of iPhone production in India by FY25: Bank of America

A report released by BofA said that the share of India in iPhone manufacturing may even go higher if Apple's vendors expand here

Apple triples India iPhone output to $7 bn in FY23 in China shift

Apple will likely try to manufacture the next iPhones in India at the same time as in China, sometime in the fall of 2023

Big shift from China: Foxconn commits $700 mn for new plant in Karnataka

The company has hired the highest number of blue collared workers amongst Apple's three vendors

'Apple looks to scale up manufacturing in India', says Piyush Goyal

iPhone-maker Apple is looking to scale up its manufacturing in India as the business environment is helping global firms make the country their base, Commerce and Industry Minister Piyush Goyal said on Monday. He said that India offers a rule of law, and transparent government policies and business models which help it become a preferred destination for foreign investors. Talking about success stories of certain foreign companies, he said Apple already have about 5-7 per cent of their manufacturing in India. "If I am not mistaken, they are targeting to go up to 25 per cent of their manufacturing. They launched their most recent models from India, manufactured in India." The minister was speaking at the inaugural session of the B20 India Inception Meeting here, which was organised by industry chamber CII. Citing another example of a foreign company in the earth movers machine sector, the minister said that because of the competitiveness of India's manufacturing, that firm is supplyi

In boost to Apple, India gives initial clearance to some Chinese suppliers

About 14 suppliers are receiving green light from India, after Apple named them as companies whose services it needs to increase its presence in India

iPhone manufacturing in India to reach 50% by 2027 on par with China

India will produce 45-50 per cent of Apple's iPhones by 2027, on a par with China, where 80-85 per cent of iPhones were produced in 2022, a new report claimed

Tata-run iPhone plant to create opportunities in India, says TCS executive

The $128 billion Tata Group has been in talks for months with Apple Inc.'s Taiwanese supplier Wistron Corp

Helped by PLI scheme, Apple's India exports set to hit Rs 20,000 crore

iPhone exports from India cross $0.5 bn in November when tech giant's production in China suffered

Tata Electronics shifts to hiring mode in Tamil Nadu; to add 10-15% staff

Tata Group to set up an iPhone assembling unit in JV with Wistron, in the state's Krishnagiri district

Pegatron starts iPhone factory in Chennai, third such firm in India

Apple expected to move at least a quarter of its manufacturing facilities to India by 2025

iPhone component hub near Hosur rings in promise of new roads, jobs, etc

Thousands of jobs being created, but most going to outsiders, complain locals

Cheaper iphone 14, made in India: Apple to introduce a host of changes

With the iPhone 14 series, Apple's iPhone production in India is slated to jump from 7 million iPhones in 2021 to touch a new milestone of around 12 million iPhones in 2022