Taiwan’s Pegatron sells majority stake in India iPhone plant to Tata, sources say

Taiwan’s Pegatron sells majority stake in India iPhone plant to Tata, sources say

India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple supplier, two sources told Reuters. Under the deal announced internally last week, Tata will hold 60 per cent and run daily operations under … Read more

Major fire breaks out at Tata Electronics’ Hosur facility, iPhone production hit

Major fire breaks out at Tata Electronics’ Hosur facility, iPhone production hit

In a major setback to Tata Electronics, its mobile phone accessories painting facility in Hosur was engulfed in a massive fire on Saturday morning, leading to halting of operations at the only Indian vendor for the iconic iPhone. The fire incident took place at around 5:30 am and 11 fire engines were still at the … Read more

Tata Electronics: Tata Electronics to set up semiconductor assembly and test facility in Assam, says Chief Minister Himanta Biswa Sarma

Tata Electronics: Tata Electronics to set up semiconductor assembly and test facility in Assam, says Chief Minister Himanta Biswa Sarma

Assam Chief Minister Himanta Biswa Sarma on Wednesday said that the state has joined the semiconductor industry revolution with Tata Electronics to set up the semiconductor assembly and test facility in the State. Prime Minister Narendra Modi on Wednesday virtually laid the foundation stone for the Tata Group’s Rs 27,000-crore indigenous “Semiconductor Assembly & Test … Read more