Tata Group is now an iPhone manufacturer after acquiring Wistron

Tata Group finally completed the acquisition of Wistron's division that assembles iPhones in India. The agreement included a 100% equity stake in Wistron Infocomm Manufacturing, a $125 million payment for the production lines, and a $550 million inter-corporate loan provided to the parent company Wistron India. The deal includes a 44-аcre (nearly 180,000 sq. m) facility with eight production lines near Bengaluru. It was one of the places where iPhone 12 and iPhone 14 devices were assembled, and expectations are Tata to play a significant role in the increasing iPhone production in the...

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