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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This story is from the March 25, 2023 edition of Business Standard.
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