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Pegatron in talks for 2nd India factory
Business Standard
|March 25, 2023
Apple's Taiwanese supplier Pegatron is in talks to open a second India factory, said two sources with direct knowledge of the matter, as the US tech giant's partners continue to diversify production away from China.
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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.
The new factory, the first source said, is "to assemble the latest iPhones".
Pegatron declined to comment but said, "Any acquisition of assets will be disclosed based on regulations." Apple did not respond to a request for comment.
This story is from the March 25, 2023 edition of Business Standard.
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