Pegatron Acquires Land Rights for New iPhone Factory in India [Report]

Pegatron Acquires Land Rights for New iPhone Factory in India [Report]

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Pegatron has spent $14.12 million acquiring rights to use a plot of land in Channai, India for a new factory, reports DigiTimes. The factory will purportedly be used for iPhone production.

Pegatron will set up a manufacturing base on the factory site mainly for production of iPhone smartphones, with production to begin the earliest in the second half of 2021, according to industry sources, adding Pegatron plans to employ about 14,000 workers there.

In November, Pegatron established a subsidiary, Pegatron Technology India, with initial capital of INR10.989 billion ($151m USD) to begin setting up production in the country. Likewise, in February 2020, Pegatron established a subsidiary, Pegatron Vietnam, with initial paid-in capital of $150 million. It acquired land in Haiphong, northern Vietnam, towards the end of year for setting up a production base.

Apple has been diversifying its production to become less reliant on China. Last summer, a report said that Foxconn plans to spend $1 billion to expand an iPhone assembly plant in Southern India following a 'strong request' from Apple. Wistron is already manufacturing iPhones in India, although a recent riot over unpaid pages has temporarily stopped production.

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Pegatron Acquires Land Rights for New iPhone Factory in India [Report]

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