Pegatron, a Taiwanese firm, is in advanced discussions to sell its only iPhone manufacturing facility in India to the Tata Group. The deal, supported by Apple, would see Tata holding a 65% majority stake in the joint venture, with Pegatron retaining a 35% minority stake. The talks are expected to conclude within six months, resulting in all Pegatron India employees transitioning to the new joint venture entity. Additionally, the agreement includes another Pegatron plant under construction in Chennai, with Pegatron providing technical support post-sale.
Taiwan’s Pegatron is in talks with India’s Tata Group to sell its only iPhone factory there, Reuters reports, noting Pegatron will retain a 35% stake in the venture and provide technical support. The deal also includes another Pegatron plant under construction in Chennai. Apple…
Financial Times @ft: Pegatron in talks with Tata to sell its only India iPhone plant, sources say. #aistrategy #GenAI #industry40 https://t.co/9Scxw9Yumt
The talks between Tata and Pegatron for the factory are expected to close in six months and will see all of the Pegatron India employees move to the joint venture entity, the first source added. #Pegatron #Tata #iPhone #apple https://t.co/COg3neKRxN
#Taiwanese firm Pegatron in talks to hand over its #India #iPhone manufacturing facility to #Tata: Report https://t.co/0HuECSjaAQ https://t.co/ddznHeu7qy
Pegatron To Hand Over iPhone Manufacturing Facility In India To Tata Group: Report https://t.co/wt6fNwEmrr
Exclusive: Pegatron in talks with Tata to sell its only India iPhone plant, sources say https://t.co/XKdqC3kP3Q https://t.co/lGgcHl28YH
Sources: Pegatron is in advanced talks to hand over its only iPhone plant in India to the Tata Group, which will hold a 65%+ stake; Apple supports the move (Reuters) https://t.co/33kgqnyTrK 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/sxVPwtrOc0
JUST IN | Pegatron in talks with Tata to sell its only iPhone plant in India #Tata https://t.co/KTwnbJE6uT
⚠️ EXCLUSIVE - PEGATRON IN TALKS WITH TATA TO SELL ITS ONLY INDIA IPHONE PLANT, SOURCES SAY Full Story → https://t.co/jIO3BdxOyu Pegatron is in advanced talks to hand over control of its only iPhone manufacturing facility in India to the Tata Group, said two sources with… https://t.co/1YdpLogCJ3
❖ PEGATRON IN TALKS WITH TATA TO SELL ITS ONLY IPHONE PLANT IN INDIA ❖ TATA IN TALKS TO HOLD AT LEAST 65% STAKE IN PLANT JOINT VENTURE; PEGATRON IN MINORITY-SOURCE