Apple Inc supplier Pegatron to open 2nd factory in India
1 year, 8 months ago

Apple Inc supplier Pegatron to open 2nd factory in India

Firstpost  

Pegatron plans to add a second facility near the southern city of Chennai in Tamil Nadu state, just six months after opening the first with an investment of $150 million, said the sources, who sought anonymity as the talks are private New Delhi: Apple Inc’s Taiwanese supplier Pegatron Corp is in talks to open a second India factory, said two sources with direct knowledge of the matter, as the U.S. tech giant’s partners continue to diversify production away from China. Pegatron plans to add a second facility near the southern city of Chennai in Tamil Nadu state, just six months after opening the first with an investment of $150 million, said the sources, who sought anonymity as the talks are private. Pegatron currently accounts for 10% of Apple’s iPhone production in India on an annualised basis, research firm Counterpoint said. The talks for starting a second Pegatron facility on lease are ongoing and it will be located inside Mahindra World City near Chennai, just around where the company inaugurated the first plant in September 2022.

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