India's Tata Electronics has agreed to acquire a majority stake in Taiwanese contract manufacturer Pegatron's sole iPhone plant in India. This transaction forms a new joint venture, bolstering Tata's role as an Apple supplier.
Under the terms of the deal, Tata will hold 60% ownership and manage daily operations, while Pegatron will retain the remaining stake and provide technical support. This move deepens Apple's manufacturing presence in India.
This strategic development is crucial for Apple's ongoing efforts to diversify its global supply chain away from an over-reliance on China, enhancing resilience against geopolitical and trade tensions.
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