iPhone Assembler Pegatron Acquires Land for Production Base in India
Thursday February 18, 2021 3:04 am PST by Tim Hardwick
Apple supplier Pegatron says it has spent $14.2 million to buy the rights to use a plot of land for building a factory in Channai, India.
Via a
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.
Pegatron is Apple's second-largest iPhone assembler after Foxconn, and in June of last year registered a wholly-owned subsidiary called Pegatron Technology India. In late 2020, its board of directors approved a proposal to spend $150 million to build its first iPhone manufacturing plant in the country.