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CCI greenlights Tata Electronics' acquisition of iPhone supplier Wistron Infocomm

Economic Times

Economic Times · 1y ago

CCI greenlights Tata Electronics' acquisition of iPhone supplier Wistron Infocomm

The Competition Commission of India (CCI) has approved the acquisition of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics. This deal involves the acquisition of 100% equity share capital of Wistron Infocomm Manufacturing (India) Private Limited by Tata Electronics Private Limited. The target company is engaged in electronic manufacturing services for smartphones in India. Tata Electronics is a greenfield venture of Tata Sons Private Limited, involved in manufacturing smartphone enclosures.

Related News

Tata Group acquires 100% stake in Wistron India to make iPhones in India

IndianStartupNews

IndianStartupNews · 1y ago

Tata Group acquires 100% stake in Wistron India to make iPhones in India

The Tata Group has acquired a 100% equity stake in Wistron Infocomm Manufacturing (India), making it the first Indian company to fully assemble iPhones. This move not only expands Tata's manufacturing capabilities but also positions them as a major player in the global electronics market. The acquisition is expected to boost India's electronics manufacturing sector and enhance the value chain for Tata. The company is set to begin end-to-end assembly of iPhones in India, starting with the iPhone 17 in the second half of 2024. This aligns with Apple's strategy to reduce reliance on Chinese manufacturing.

Tata's fourth iPhone assembly plant likely to start in November: Report

Money Control

Money Control · 1y ago

Tata's fourth iPhone assembly plant likely to start in November: Report

Tata Electronics is building a fourth iPhone assembly unit in India, set to begin production in November. The plant in Tamil Nadu will be the second iPhone assembly facility for Tata Electronics, with the first being acquired from Wistron in Karnataka. The 250-acre plant is set to employ over 50,000 workers and will be Apple's largest facility in India. This move is part of Apple's efforts to diversify its supply chain beyond China amid the ongoing geopolitical tensions.

Tata To Partially Restart Operations At Fire-Hit iPhone Unit in Hosur

Inc42 · 11m ago

Tata To Partially Restart Operations At Fire-Hit iPhone Unit in Hosur

- Tata Electronics to resume operations at fire-hit iPhone facility in Hosur, Tamil Nadu. - A major fire broke out at the Tata Electronics' iPhone plant last week. - Production at the facility was suspended indefinitely following the fire incident. - Apple has sent a supplier responsibility team to assess the situation and provide guidance to the contract manufacturer. - Tata Electronics is now working on restoring and reopening the facility.

CCI Greenlights NIIF’s Proposal Up Stake In Ather Energy

Inc42 · 11m ago

CCI Greenlights NIIF’s Proposal Up Stake In Ather Energy

The Competition Commission of India (CCI) has approved the proposal for National Investment and Infrastructure Fund (NIIF) to acquire a further stake in Ather Energy, an electric two-wheeler manufacturer. The acquisition is aimed at strengthening the position of India-Japan Fund (IJF), backed by NIIF, in the electric vehicle market and clean mobility solutions. The deal was approved by CCI under the green channel route.

Tata Electronics Gets Show Cause Notice Over iPhone Plant Fire

Inc42 · 10m ago

Tata Electronics Gets Show Cause Notice Over iPhone Plant Fire

The Tamil Nadu government has issued a show cause notice to Tata Electronics after a major fire broke out at its iPhone manufacturing plant in Hosur last month. The fire disrupted operations at the plant, and Apple sent a Supplier Responsibility team to assess the situation and provide guidance to the contract manufacturer.

Tata iPhone Plant Fire: Anodising Plant Likely Source, Finds Probe

Inc42 · 10m ago

Tata iPhone Plant Fire: Anodising Plant Likely Source, Finds Probe

- Fire broke out in the anodising plant due to a thermostat control failure. - Anodising facility was completely destroyed as the fire spread through the air duct. - Probe report has been shared with Tata Electronics executives. - iPhone plant operations were disrupted due to the fire. - Apple sent a supplier responsibility team to assess the situation and guide the contract manufacturer.

Tata Group to Manufacture Apple iPhones in India A Shift from China-Centric Production

Business Bytes

Business Bytes · 1y ago

Tata Group to Manufacture Apple iPhones in India A Shift from China-Centric Production

Tata Group's plan to manufacture Apple iPhones in India signifies a shift from Apple's China-centric production strategy and highlights India's growing role in global electronics manufacturing. The collaboration involves Tata Group's acquisition of Wistron Corp's operations, aiming to diversify Apple's supply chain. India's favorable manufacturing environment and government initiatives, including the Production-Linked Incentive (PLI) scheme, make it an attractive destination for tech giants. Apple's commitment to producing a quarter of its global units in India within the next few years is part of its strategy to reduce supply chain vulnerabilities and geopolitical risks. This collaboration reflects evolving dynamics in global manufacturing and technology, with India's potential impact on the economy, employment, and technological advancement.

Tata Electronics to partially resume work at fire-hit iPhone component plant

Economic Times

Economic Times · 11m ago

Tata Electronics to partially resume work at fire-hit iPhone component plant

- Tata Electronics to resume operations at fire-hit plant in southern India - Efforts made to identify the cause of the fire at Tata Electronics' Hosur facility - Apple iPhone component production to recommence following the incident - Company spokesperson confirms resumption of some operations since Saturday - Tata Electronics working diligently to investigate the fire incident at the plant

Tata Electronics To Buy Majority Stake In Pegatron’s TN iPhone Plant

Inc42 · 9m ago

Tata Electronics To Buy Majority Stake In Pegatron’s TN iPhone Plant

Tata Electronics and Pegatron's iPhone unit plan to form a joint venture in Tamil Nadu, with Tata Electronics holding a 60% stake. The Tata Group subsidiary may pay $150-200 million for the stake. Earlier this year, there were discussions for Tata Electronics to hold a 65% stake in a joint venture with Pegatron for their plant in Hosur.

Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved

Economic Times

Economic Times · 1y ago

Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved

The Indian government has approved the construction of three semiconductor chip fabrication units in Gujarat and Assam, with an estimated investment of INR 1.26 lakh crore (approximately $17 billion). Tata Electronics will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC) in Gujarat, attracting an investment of INR 91,000 crore. Tata Semiconductor Assembly and Test will establish a unit in Assam with an investment of INR 27,000 crore. Additionally, CG Power will collaborate with Renesas Electronics and Stars Microelectronics to set up a semiconductor unit in Gujarat with an investment of INR 7,600 crore.

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