Reports earlier this year suggested that Pegatron had Apple’s backing for the transaction as the Taiwanese company scaled ...

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India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant ...

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The financial aspects of the agreement were not disclosed. Tata has chosen not to comment, and inquiries to Apple and ...

Tata Electronics secures 60% stake in Pegatrons iPhone plant in Tamil Nadu, enhancing its role as an Apple supplier amid ...

India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant ...

The acquisition will result in a joint venture, in which Tata will own 60% and Pegatron will have 40% interest.

The Chennai plant, which employs around 10,000 workers and manufactures over 5 million iPhones annually, will become Tata’s ...