<o:p></o:p>Tata Group is reportedly negotiating to acquire Pegatron's only iPhone manufacturing facility in the country. <o:p></o:p>

This potential deal indicates Pegatron's scaling back of its partnership with Apple and Tata's expansion in iPhone manufacturing.<o:p></o:p>

If finalised, the agreement will result in Tata holding a minimum of a 65 per cent stake in a joint venture that will oversee the Pegatron plant located near Chennai. <o:p></o:p>

Pegatron will retain the remaining stake and will continue to offer technical support to the joint venture. <o:p></o:p>

This deal has received Apple's endorsement, as reported earlier by Reuters.<o:p></o:p>

Other media reports suggest Tata intends to manage the joint venture through its Tata Electronics division. <o:p></o:p>

The Pegatron facility in Chennai currently employs around 10,000 workers and has an annual production capacity of 5 million iPhones. <o:p></o:p>

This plant is Pegatron's last remaining iPhone manufacturing unit following its relinquishment of control over an iPhone plant in China to Luxshare for $290 million last year.<o:p></o:p>

Apple's pursuit to diversify its supply chain beyond China, especially in the backdrop of worsening geopolitical tensions between Beijing and Washington, makes the Chennai Pegatron plant a crucial asset. <o:p></o:p>

For Tata Group, this acquisition supports its plan to strengthen iPhone manufacturing capabilities in India.<o:p></o:p>

Tata Group is not new to iPhone assembly in India. It already operates an iPhone assembly plant in Karnataka, acquired from Taiwan's Wistron last year, and is in the process of constructing another facility in Hosur, Tamil Nadu. <o:p></o:p>

In fact, Pegatron has been simultaneously developing an additional iPhone factory at its Chennai complex.<o:p></o:p>

Talks for the Tata-Pegatron deal reportedly include the acquisition of this new facility as well.<o:p></o:p>

The negotiations between Tata and Pegatron are anticipated to conclude within six months. <o:p></o:p>

As part of the deal, all Pegatron employees in India are expected to transition to the newly formed joint venture. <o:p></o:p>

Currently, Apple's iPhone contract manufacturers in India comprise Tata, Pegatron, and Foxconn. <o:p></o:p>

Analysts estimate that Tata's contribution to Apple's iPhone shipments in India could increase to 20-25 per cent this year, up from 12-14 per cent last year.<o:p></o:p>

Tata Group is reportedly negotiating to acquire Pegatron's only iPhone manufacturing facility in the country. This potential deal indicates Pegatron's scaling back of its partnership with Apple and Tata's expansion in iPhone manufacturing.

Tata Group is reportedly negotiating to acquire Pegatron's only iPhone manufacturing facility in the country. This potential deal indicates Pegatron's scaling back of its partnership with Apple and Tata's expansion in iPhone manufacturing. If finalised, the agreement will result in Tata holding a minimum of a 65 per cent stake in a joint venture that will oversee the Pegatron plant located near Chennai. Pegatron will retain the remaining stake and will continue to offer technical support to the joint venture. This deal has received Apple's endorsement, as reported earlier by Reuters. Other media reports suggest Tata intends to manage the joint venture through its Tata Electronics division. The Pegatron facility in Chennai currently employs around 10,000 workers and has an annual production capacity of 5 million iPhones. This plant is Pegatron's last remaining iPhone manufacturing unit following its relinquishment of control over an iPhone plant in China to Luxshare for $290 million last year. Apple's pursuit to diversify its supply chain beyond China, especially in the backdrop of worsening geopolitical tensions between Beijing and Washington, makes the Chennai Pegatron plant a crucial asset. For Tata Group, this acquisition supports its plan to strengthen iPhone manufacturing capabilities in India. Tata Group is not new to iPhone assembly in India. It already operates an iPhone assembly plant in Karnataka, acquired from Taiwan's Wistron last year, and is in the process of constructing another facility in Hosur, Tamil Nadu. In fact, Pegatron has been simultaneously developing an additional iPhone factory at its Chennai complex. Talks for the Tata-Pegatron deal reportedly include the acquisition of this new facility as well. The negotiations between Tata and Pegatron are anticipated to conclude within six months. As part of the deal, all Pegatron employees in India are expected to transition to the newly formed joint venture. Currently, Apple's iPhone contract manufacturers in India comprise Tata, Pegatron, and Foxconn. Analysts estimate that Tata's contribution to Apple's iPhone shipments in India could increase to 20-25 per cent this year, up from 12-14 per cent last year.

Tata Group in talks to acquire Pegatron's sole iPhone plant in India: Report

Taiwan-based manufacturing giants, Foxconn and Pegatron, have temporarily halted the production of Apple iPhones at their factories near Chennai in southern India due to the adverse impact of heavy rains, Reuters reported citing sources familiar with the matter.<o:p></o:p>

The city of Chennai in India's Tamil Nadu state, a major electronics and manufacturing hub, is experiencing&nbsp;severe flooding amid heavy rains, leading to the shutdown of the airport and disrupting regular operations. <o:p></o:p>

The extreme weather conditions are attributed to Cyclone Michaung, which is progressing down the coast towards the neighbouring state of Andhra Pradesh.<o:p></o:p>

"Foxconn, which employs about 35,000 people at its Tamil Nadu iPhone factory, has yet to decide whether to resume production on Tuesday," revealed two sources familiar with the situation. <o:p></o:p>

Foxconn has been actively expanding its presence in India, investing in manufacturing locations in the southern part of the country as part of Apple's strategy to diversify production away from China.<o:p></o:p>

In the quarter ending September, Apple witnessed its highest-ever quarterly shipments from India, exceeding 2.5 million units, as per data from market analytics firm Counterpoint Research.<o:p></o:p>

However, the current disruption in production raises concerns about the potential impact on Apple's supply chain and its ability to meet market demands.<o:p></o:p>

This isn't the first time Pegatron has faced production disruptions in recent months. The company had to temporarily cease iPhone assembly in September due to a fire incident at its factory.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

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Taiwan-based manufacturing giants, Foxconn and Pegatron, have temporarily halted the production of Apple iPhones at their factories near Chennai in southern India due to the adverse impact of heavy rains, Reuters reported citing sources familiar with the matter.

Taiwan-based manufacturing giants, Foxconn and Pegatron, have temporarily halted the production of Apple iPhones at their factories near Chennai in southern India due to the adverse impact of heavy rains, Reuters reported citing sources familiar with the matter. The city of Chennai in India's Tamil Nadu state, a major electronics and manufacturing hub, is experiencing severe flooding amid heavy rains, leading to the shutdown of the airport and disrupting regular operations. The extreme weather conditions are attributed to Cyclone Michaung, which is progressing down the coast towards the neighbouring state of Andhra Pradesh. "Foxconn, which employs about 35,000 people at its Tamil Nadu iPhone factory, has yet to decide whether to resume production on Tuesday," revealed two sources familiar with the situation. Foxconn has been actively expanding its presence in India, investing in manufacturing locations in the southern part of the country as part of Apple's strategy to diversify production away from China. In the quarter ending September, Apple witnessed its highest-ever quarterly shipments from India, exceeding 2.5 million units, as per data from market analytics firm Counterpoint Research. However, the current disruption in production raises concerns about the potential impact on Apple's supply chain and its ability to meet market demands. This isn't the first time Pegatron has faced production disruptions in recent months. The company had to temporarily cease iPhone assembly in September due to a fire incident at its factory. (With inputs from Reuters) WATCH WION LIVE HERE

Extreme weather halts iPhone production in India: Foxconn & Pegatron face disruptions

Taiwanese tech giants Foxconn and Pegatron on Monday (Dec 4) halted production of Apple iPhones at their facilities&nbsp;near the south Indian city of Chennai in Tamil Nadu, owing to the incessant rains in the region brought by Cyclone Michaung, according to a Reuters report.&nbsp;&nbsp;

The company is yet to take a call on whether to resume production on Tuesday (Dec 5). Foxconn employs as many as 35,000 people at its factory and the halt could have serious ramifications on the production of the iPhones.&nbsp;

This is the second time in recent months that Pegatron has had to bring shutters on production. In September, the Pegatron facility was shut for three days due to a fire accident.

Multiple reports at the time claimed that the fire was sparked by a short-circuit after an electrical switch was left on, following testing of the devices as they were being put together.&nbsp;

The models being assembled at Pegatron are Apple iPhone 14 Plus and 15 Plus. Considering the average cost of these models is around $1000, the impact of not operating for a day means that $20 million worth of phones are not produced.

<a href="https://www.wionews.com/india-news/pegatron-resumes-iphone-assembly-at-indian-factory-three-days-after-fire-640269">Also read |&nbsp;Pegatron resumes iPhone assembly at Indian factory, three days after fire</a>

<h2>Cyclone Michaung</h2>

Cyclone Michaung which emerged from the Bay of Bengal has intensified into a cyclonic storm and is within touching distance of Chennai.&nbsp;

The extreme rainfall by Michaung has brought the city to a standstill. As of the last update, five were reported dead in rain-related incidents in the city.&nbsp;

According to the meteorological department, over the next 24 hours, the cyclone is expected to move towards the Andhra Pradesh coast.

<a href="https://www.wionews.com/videos/cyclone-michaung-updates-red-alert-in-10-districts-evacuates-thousands-as-cyclone-michaung-nears-666052">Watch |&nbsp;India: Red alert in 10 districts, thousands evacuate as Cyclone Michaung nears</a>

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Dr Balachandran, head of the&nbsp;Regional Meteorological Centre (RMC), informed WION that&nbsp;15 locations have recorded heavy rainfall, 59 locations have recorded very heavy rainfall and 21 locations have witnessed extremely heavy rains.

Wind speeds near the Chennai airport clocked 88 kmph, while the wind speeds at the core city area clocked 71 kmph.

Rescue and evacuation operations are underway at multiple localities in Chennai and adjoining districts, with the civic authorities

(With inputs from agencies)

Taiwanese tech giants Foxconn and Pegatron on Monday (Dec 4) halted production of Apple iPhones at their facilities near the south Indian city of Chennai in Tamil Nadu, owing to the incessant rains in the region brought by Cyclone Michaung, according to a Reuters report.

Taiwanese tech giants Foxconn and Pegatron on Monday (Dec 4) halted production of Apple iPhones at their facilities near the south Indian city of Chennai in Tamil Nadu, owing to the incessant rains in the region brought by Cyclone Michaung, according to a Reuters report. The company is yet to take a call on whether to resume production on Tuesday (Dec 5). Foxconn employs as many as 35,000 people at its factory and the halt could have serious ramifications on the production of the iPhones. This is the second time in recent months that Pegatron has had to bring shutters on production. In September, the Pegatron facility was shut for three days due to a fire accident. Multiple reports at the time claimed that the fire was sparked by a short-circuit after an electrical switch was left on, following testing of the devices as they were being put together. The models being assembled at Pegatron are Apple iPhone 14 Plus and 15 Plus. Considering the average cost of these models is around $1000, the impact of not operating for a day means that $20 million worth of phones are not produced. Also read | Pegatron resumes iPhone assembly at Indian factory, three days after fire Cyclone Michaung Cyclone Michaung which emerged from the Bay of Bengal has intensified into a cyclonic storm and is within touching distance of Chennai. The extreme rainfall by Michaung has brought the city to a standstill. As of the last update, five were reported dead in rain-related incidents in the city. According to the meteorological department, over the next 24 hours, the cyclone is expected to move towards the Andhra Pradesh coast. Watch | India: Red alert in 10 districts, thousands evacuate as Cyclone Michaung nears × Dr Balachandran, head of the Regional Meteorological Centre (RMC), informed WION that 15 locations have recorded heavy rainfall, 59 locations have recorded very heavy rainfall and 21 locations have witnessed extremely heavy rains. Wind speeds near the Chennai airport clocked 88 kmph, while the wind speeds at the core city area clocked 71 kmph. Rescue and evacuation operations are underway at multiple localities in Chennai and adjoining districts, with the civic authorities (With inputs from agencies)

Cyclone Michaung: Foxconn, Pegatron halt iPhone production in Chennai

An iPhone assembly facility in Southern India gradually restarted its operations and this comes after the factory suffered downtime in the aftermath of a fire accident. The factory is run by Taiwanese contract manufacturer Pegatron which is among those entrusted with the Assembly of Apple iPhones in India.

iPhone assembly facility in South India resumes work, 4 days after fire incident

Nearly three days after a fire incident caused the company to down shutters on the facility, Pegatron on Wednesday announced production had resumed at its&nbsp;Chennai facility in the southern Indian state of Tamil Nadu.&nbsp;

According to a Reuters report, citing government sources, manufacturing had resumed in a phased manner at the facility.&nbsp;

Multiple reports have claimed that the fire was sparked by a short-circuit after an electrical switch was left on, following testing of the devices as they were being put together.&nbsp;

After the incident, the Taiwanese firm&nbsp;confirmed "there was a spark incident" which was under control, adding that the&nbsp;incident did "not have significant financial or operational impact" for the company.

"There are no injuries, no casualties nor damage to other assets. The cause of the accident is currently under investigation by (the) relevant authority," Pegatron said.

Initial reports stated that Pegatron had cancelled two shifts on Monday. However, the company was forced to cancel shifts on the next two subsequent days as well.

It is understood that the factory works round-the-clock from Monday to Saturday with a scheduled off on Sundays. The factory's 24-hour workday is split into three shifts- A (6 am-2 pm), B (2 pm-10 pm) and C (10 pm-6 am).

Situated within the Mahindra World City in Chengalpattu district (nearly 60 km from the capital city of Chennai) of Tamil Nadu, the Pegatron facility is capable of assembling almost 20,000 iPhones per day.

The models being assembled here are Apple iPhone 14 Plus and 15 Plus. Considering the average cost of these models to be $1000, the impact of not operating for a day meant that $20 million worth of phones were not being produced.&nbsp;

Notably, Pegatron started assembling iPhones in India in September last year. Buoyed by the success of the plant, the company is in talks to open a second Indian facility for Apple near the current one in Tamil Nadu.&nbsp;

<a href="https://www.wionews.com/videos/apple-supplier-halts-assembly-at-india-plant-pegatron-is-apple-supplier-world-dna-639631">Watch |&nbsp;Apple supplier halts assembly at India plant; Pegatron is Apple supplier | World DNA</a>

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<h2>Apple betting big on India&nbsp;</h2>

Apple has been betting big on India to expand its market. It started iPhone assembly in the country, way back in 2017 via Wistron and later Foxconn.&nbsp;&nbsp;

According to reports, the Cupertino-based company is planning to&nbsp;expand its investment in the country to approximately $40 billion over the next four to five years.

The company is looking to expand its horizon beyond the current iPhone manufacturing and&nbsp;assembling operations. The company now intends to&nbsp;begin the production of Airpods in the coming year. However, there are currently no immediate plans to manufacture iPads or laptops within India.

(With inputs from agencies)

 
 
 
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Nearly three days after a fire incident caused the company to down shutters on the facility, Pegatron on Wednesday announced production had resumed at its Chennai facility in the southern Indian state of Tamil Nadu.

Nearly three days after a fire incident caused the company to down shutters on the facility, Pegatron on Wednesday announced production had resumed at its Chennai facility in the southern Indian state of Tamil Nadu. According to a Reuters report, citing government sources, manufacturing had resumed in a phased manner at the facility. Multiple reports have claimed that the fire was sparked by a short-circuit after an electrical switch was left on, following testing of the devices as they were being put together. After the incident, the Taiwanese firm confirmed "there was a spark incident" which was under control, adding that the incident did "not have significant financial or operational impact" for the company. "There are no injuries, no casualties nor damage to other assets. The cause of the accident is currently under investigation by (the) relevant authority," Pegatron said. Initial reports stated that Pegatron had cancelled two shifts on Monday. However, the company was forced to cancel shifts on the next two subsequent days as well. It is understood that the factory works round-the-clock from Monday to Saturday with a scheduled off on Sundays. The factory's 24-hour workday is split into three shifts- A (6 am-2 pm), B (2 pm-10 pm) and C (10 pm-6 am). Situated within the Mahindra World City in Chengalpattu district (nearly 60 km from the capital city of Chennai) of Tamil Nadu, the Pegatron facility is capable of assembling almost 20,000 iPhones per day. The models being assembled here are Apple iPhone 14 Plus and 15 Plus. Considering the average cost of these models to be $1000, the impact of not operating for a day meant that $20 million worth of phones were not being produced. Notably, Pegatron started assembling iPhones in India in September last year. Buoyed by the success of the plant, the company is in talks to open a second Indian facility for Apple near the current one in Tamil Nadu. Watch | Apple supplier halts assembly at India plant; Pegatron is Apple supplier | World DNA × Apple betting big on India Apple has been betting big on India to expand its market. It started iPhone assembly in the country, way back in 2017 via Wistron and later Foxconn. According to reports, the Cupertino-based company is planning to expand its investment in the country to approximately $40 billion over the next four to five years. The company is looking to expand its horizon beyond the current iPhone manufacturing and assembling operations. The company now intends to begin the production of Airpods in the coming year. However, there are currently no immediate plans to manufacture iPads or laptops within India. (With inputs from agencies) WATCH WION LIVE HERE

Pegatron resumes iPhone assembly at Indian factory, three days after fire

Apple has been eyeing a large manufacturing base in India definitely, China seems rather jittery about that and since it began iPhone assembly in the country in 2017. Apple products in India currently manufactured through contracts with firms.

Apple supplier halts assembly at India plant; Pegatron is Apple supplier | World DNA

Taiwan's Pegatron has chosen a site in El Paso, Texas, to build a plant that will provide components for&nbsp;Tesla&nbsp;Inc, Taiwanese newspaper the Commercial Times reported on Wednesday.

The company said that details of its overseas plant investments, including timing, location, and investment amounts, were still in the planning stages.

It comes after&nbsp;Tesla&nbsp;faces scrutiny in China where the military in March banned&nbsp;Tesla&nbsp;cars from entering its complexes, citing security concerns over cameras in its vehicle.&nbsp;

China is a key battleground for electric vehicles. In 2020&nbsp;Tesla&nbsp;sold 30 per cent&nbsp;of its global total in the country.

Pegatron said in November that it would set up a factory in the United States to be closer to its clients there.

Pegatron is best known as a key supplier for Apple Inc, but it has said it sees electric vehicles as a major source of growth in coming years.

Shares of&nbsp;Tesla&nbsp;climbed 3 per cent&nbsp;on Monday after Canaccord Genuity raised its rating on the electric car maker to "buy" and compared its brand to Apple.

Canaccord Genuity analyst Jed Dorsheimer upgraded&nbsp;Tesla&nbsp;to "buy" from "hold" and increased his price target to $1,071, the second-highest among 37 analysts tracked by Refinitiv.

(With input from agencies)

Taiwan's Pegatron has chosen a site in El Paso, Texas, to build a plant that will provide components for Tesla Inc, Taiwanese newspaper the Commercial Times reported on Wednesday.

Taiwan's Pegatron has chosen a site in El Paso, Texas, to build a plant that will provide components for Tesla Inc, Taiwanese newspaper the Commercial Times reported on Wednesday. The company said that details of its overseas plant investments, including timing, location, and investment amounts, were still in the planning stages. It comes after Tesla faces scrutiny in China where the military in March banned Tesla cars from entering its complexes, citing security concerns over cameras in its vehicle. China is a key battleground for electric vehicles. In 2020 Tesla sold 30 per cent of its global total in the country. Pegatron said in November that it would set up a factory in the United States to be closer to its clients there. Pegatron is best known as a key supplier for Apple Inc, but it has said it sees electric vehicles as a major source of growth in coming years. Shares of Tesla climbed 3 per cent on Monday after Canaccord Genuity raised its rating on the electric car maker to "buy" and compared its brand to Apple. Canaccord Genuity analyst Jed Dorsheimer upgraded Tesla to "buy" from "hold" and increased his price target to $1,071, the second-highest among 37 analysts tracked by Refinitiv. (With input from agencies)

Taiwan's Pegatron to build components for Tesla

Taiwan's government on Thursday said it had approved a $140 million investment in India by Pegatron Corp, a major Taiwanese Apple Inc contract manufacturer.

Taiwan approves $140 million Pegatron investment in India

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