An Indian multinational conglomerate, Tata Group is close to taking over the iPhone maker’s plant in India.
Wistron is one of the three Taiwanese iPhone makers in India along with Foxconn and Pegatron Corp. As Wistron plans to exit iPhone manufacturing in India, its Taiwanese partners are expanding their iPhone production lines.
According to the reports, The Tata group has been in talks with the factory’s owner of Taiwan’s Wistron Corp. for several months. The acquisition of Wistron’s only iPhone manufacturing operation in India at more than $600 million. It is expected that the acquisition will be completed by March 31 to its Tata Electronics arm.
If the takeover ends by March then the plant will also qualify for government incentives from April 1, 2023. Currently, Wistron’s 2.2 million square foot factory is located 30 miles (50 km) east of Bangalore.
Post the takeover, The Tata group would acquire all eight of its iPhone lines as well as the plant’s 10,000 employees, including a few thousand engineers.
Wistron is one of the world’s largest suppliers of information and communications products. Besides the headquarters in Taiwan, the company has several global logistical and distribution operational bases in Asia, Europe, and North America.
Wistron has a robust R&D infrastructure and deep experience in product development. Its outstanding technical team has successfully delivered on many crucial tasks demanded by our customers.
Through close collaboration with the customers, the company is capable of developing market-leading, innovative consumer electronic products rapidly. Additionally, because the services are professional and dependable, the customers can devote all their resources to product marketing and strategic planning.