The Digital Source For China's Tech Innovation Since 2000

China Tech Buzz

Global News Impacting Chinese Tech

Tata to become 1st Indian manufacturer of iphones, acquires subsidiary of Apple supplier Wistron

News Snapshot:

Wistron, the Taiwan-based electronic manufacturer, announced Friday that its board had given approval to sell 100% of the indirect stake of Wistron InfoComm India to Tata Electronics Private Limited. The deal is tentatively valued at $125 million. The group will manufacture the premium phones after it acquired Apple supplier Wistron’s factory in Karnataka, thereby becoming the first Indian company to make iPhones here. New Delhi: The Tata Group will make Apple iPhones in India for the domestic and global markets within two and a half years, Union minister Rajeev Chandrasekhar said Friday, highlighting the government’s support for global brands that…

Other China Tech Buzz: