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It is reported that India's Tata Group wants to become Apple's foundry, and it has established a joint venture factory with Wistron to assemble the iPhone

  • linda
  • 2022-09-09 16:26:53
  • 136 read
  Tata Group is in talks with Apple contract maker Wistron to set up an electronics-manufacturing joint venture...

  Tata Group is in talks with Apple contract maker Wistron to set up an electronics-manufacturing joint venture in India to assemble iPhones in the South Asian country, according to people familiar with the matter.

  The talks with Wistron are aimed at making Tata a force in tech manufacturing, with the Indian corporate giant looking to tap Wistron's expertise in product development, supply chain and assembly, the people said.

  If the deal goes through, Tata will become the first company in India to make iPhones. Currently, iPhones are mainly assembled in factories in China and India by Apple contract manufacturers such as Wistron and Foxconn.

  Details such as the structure and ownership of the deal have not been finalized and talks are ongoing, the people said, speaking on condition of anonymity. The plan could call for Tata to buy a stake in Wistron's India business, or the two companies could build a new assembly plant, one of the people said. They may also implement both at the same time, the person said.

  It's unclear if Apple was aware of the negotiations. Apple is known to partner with local companies in the regions where it builds manufacturing bases, but assembling iPhones is a complex task that requires meeting the US company's stringent deadlines and quality control requirements.

  The goal of the new joint venture is to eventually increase the number of iPhones assembled by up to five times what Wistron is currently assembling in India, one of the people said. The partnership could also give Mumbai-based Tata a slice of Wistron's manufacturing operations other than smartphones, the people said.


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