Tata Group is aiming to gain full control of the Wistron iPhone manufacturing plant in Bengaluru, India, potentially becoming the first major Indian supplier for Apple.
Business Line first reported the news, which is that Tata Group is likely to complete its takeover of Wistron’s iPhone plant by the end of April.
The two companies have been discussing the move since fall 2022. Once the transition is complete the plant will become the country’s first all-Indian factory, though Tata seems to plan to fire thousands of employees as it takes over work there.
Those lay-offs may or may not be temporary. The plant currently makes iPhone 12 and iPhone 14 across eight production lines, but as interest dwindles in expectation of the iPhone 15 range it’s possible the new factory owner simply plans to upgrade production lines to manufacture the next iteration of the Apple smartphone.
Featured News
Facebook’s Legal Battle Over Data Misuse Disclosure Reaches US Supreme Court
Nov 6, 2024 by
CPI
UK’s CMA Raises Concerns Over Boparan’s Feed Mill Acquisition
Nov 6, 2024 by
CPI
Mexico’s Congress to Vote on Reform Dismantling Energy and Telecom Watchdogs
Nov 6, 2024 by
CPI
Wizz Air Loses Challenge to TAROM’s State Aid in European Court
Nov 6, 2024 by
CPI
EU Probes Visa and Mastercard Over Impact of Payment Fees on Retailers
Nov 6, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Remedies Revisited
Oct 30, 2024 by
CPI
Fixing the Fix: Updating Policy on Merger Remedies
Oct 30, 2024 by
CPI
Methodology Matters: The 2017 FTC Remedies Study
Oct 30, 2024 by
CPI
U.S. v. AT&T: Five Lessons for Vertical Merger Enforcement
Oct 30, 2024 by
CPI
The Search for Antitrust Remedies in Tech Leads Beyond Antitrust
Oct 30, 2024 by
CPI