TATA GROUP ACQUIRES WISTRON'S IPHONE FACTORY

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[{"selector":"#anim-9153cf34-1a2c-4cfe-8b3b-3081f0d58af1","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9ef272a6-10fb-41e7-8a69-f8ae285780d0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.31433621122084%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Tata Group is set to acquire Wistron's iPhone factory in India, signaling its entry into iPhone assembly.

[{"selector":"#anim-022d1c56-a8dd-400d-b6a4-b10faf5ce927 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The deal, valued at over $600 million, is expected to be finalized in August after experiencing delays.

[{"selector":"#anim-43015075-9f2d-473e-9645-a184e8f0ff10","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1ef2fa8c-b9c6-400a-b66d-a2706d6833e8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-13.613985092962741%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The facility, employing over 10,000 workers, will become the first Indian-owned company to undertake iPhone assembly.

[{"selector":"#anim-733a713b-669c-471d-83a6-954e77be1cf7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Tata Group will honor Wistron's commitments to ship iPhones worth $1.8 billion from the factory until March 2024.

[{"selector":"#anim-e0761b1c-37bf-4ac0-b0c7-8593427c4e5f","keyframes":{"opacity":[0,1]},"delay":250,"duration":1500,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d9929846-5575-4a7c-b11f-89e3a79d204d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(21.874999829338595%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The acquisition aligns with India's "Make in India" initiative, strengthening the country's role as an electronics supply chain hub.

[{"selector":"#anim-b4394a78-a1af-4219-893a-f8b25fa365de [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] It highlights Tata Group's ambition to expand its partnership with Apple and diversify into electronics production and e-commerce.

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TATA GROUP ACQUIRES WISTRON'S IPHONE FACTORY

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