Wistron

Apple looking for suppliers of crucial components in India, Taiwan, S Korea

Apple is facing delays in government approvals for imports of crucial components from existing suppliers, which are primarily based in China

Wistron deal: Tata gets global reach, Apple gets to hedge geopolitical bets

The government's target of hitting $52-$58 billion in mobile phone exports in FY26 has been faltering; an Indian corporate group with financial muscle will help

Tata Group to make iPhones in India for global market: Rajeev Chandrasekhar

Union Minister Rajeev Chandrasekhar said on Friday that the manufacture of Apple iPhones would start within two and a half years

Indian smartphone firms having a tough time meeting PLI targets for FY24

On the other hand, global smartphone makers Foxconn (Hon Hai), Wistron, and Samsung have been meeting their targets successfully and are likely to do the same this year as well

Smartphone manufacturers expected to hire 60,000 in next 6-12 months

Tamil Nadu is likely to make up for a large part of these jobs, alongside Delhi-National Capital Region, and Karnataka

Tata Group in advanced stages to acquire Wistron's Karnataka plant

Tata Group is understood to be in advanced stages to acquire the Karnataka manufacturing unit of Taiwan-based Wistron, a contract manufacturer for Apple, to become the first Indian iPhone maker, sources said. The acquisition will be carried out through Tata Electronics, a wholly-owned subsidiary of Tata Sons, the promoter holding firm of salt-to-software conglomerate Tata Group, they added. When reached for comments, Tata Group declined to comment. An e-mail sent to Apple did not elicit a response. Wistron could not be reached for comments. According to one of the sources, a public announcement on the development would depend on what Apple chooses as the company closely controls its ecosystem. It is likely that apart from iPhone, once Tata Group takes over the Karnataka plant, other new Apple products could also be assembled from the unit. The latest move by the Tata Group to acquire Apple supplier's unit, is also expected to give fillip to Apple's efforts to tap into production .

Tata group closes in on deal to become India's first iPhone manufacturer

Tata group is in talks to acquire Wistron's factory in Karnataka, which is potentially valued at over $600 million and employs over 10,000 workers

Commerce ministry asks departments to consult with PLI scheme beneficiaries

The commerce and industry ministry has suggested departments, which are implementing their sector-specific production-linked incentive schemes, hold consultations with PLI beneficiary companies to understand their issues, government officials said. The suggestion was made in a workshop on the production-linked incentive (PLI) scheme called by the ministry on June 27. The meeting assumed significance as the government disbursed only Rs 2,900 crore till March 2023 out of Rs 3,400 crore claims received under the scheme. The scheme was announced in 2021 for 14 sectors, such as telecommunication, white goods, textiles and pharma with an outlay of Rs 1.97 lakh crore. The departments were also asked to ensure that PLI beneficiaries complete their investments and meet production targets. "It was suggested to the line ministries now to call the PLI beneficiary companies for consultations with them only and if they flag any issue, it could be conveyed to the commerce and industry ministry so

Why 30% localisation an uphill task for Apple under PLI scheme in India

Apple's vendors have localised chargers, batteries, printed circuit board assembly (or PCBAs), enclosures, and coils, to name a few

Top headlines: I-T scanner on Angel investments, Tata-Wistron deal & more

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Tata nears deal to buy Wistron's iPhone factory for Rs 5,000 crore

TCS dividend to fund Tata Sons investment in Apple stores, Wistron plant acquisition

Apple first company to export phones worth $1 bn in a month from India

Apple overtook Samsung to become the highest exporter from India

Tata Group in talks to buy Wistron's Apple facility in Karnataka: Report

The facility in Narasapura is Wistron's only plant in India and it is used to manufacture devices and components for Apple

Violent clashes in China likely to boost India's iPhone exports

India could account for up to 20% of Apple's global production capacity by FY26

NMDC institutes in Chhattisgarh's Dantewada district send youths to MNCs

Besides mining, the company has pioneered development initiatives and steered changes in improving the quality of education in remote areas as part of its corporate social responsibility (CSR).

Tata Group in talks with Wistron for manufacturing iPhones in India

For Wistron, India is yet another battle ground where it faces rivals such as Foxconn and Pegatron

Taiwan's Pegatron to manufacture Apple iPhones worth Rs 7,258 crore

Manufacturer to invest Rs 250 crore, recruit 5,700 employees in India in FY23

Indian firm Optiemus, Taiwan's Wistron sign deal to make mobile devices

The strategic alliance will design and manufacture tablets, laptops, hearables, wearables, telecom products.

India's Optiemus ties up with Wistron to boost electronics production

Electronics manufacturing services company Optiemus Electronics on Tuesday announced a strategic partnership with Apple's contract manufacturer Wistron to boost production

Top headlines: Vedanta plans $5 bn capex, Wistron exceeds PLI investment

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