Competition Comm clears Tata Electronics-Wistron deal - Industry News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The Tata Groups acquisition of Wistrons manufacturing facility, which will make it the first Indian firm to assemble iPhones, is worth a total $750 million inclusive of debt, said people with knowledge of the matter. Both sides signed the takeover deal on Wednesday, they said.
The Wistron purchase is expected to spur the next cycle of investments in the Indian electronics manufacturing ecosystem and signals the maturing of the country s contract manufacturing companies, minister of state for electronics and information technology Rajeev Chandrasekhar told ET last week.
The Wistron purchase is expected to spur the next cycle of investments in the Indian electronics manufacturing ecosystem and signals the maturing of the country s contract manufacturing companies, minister of state for electronics and information technology Rajeev Chandrasekhar told ET last week.
The Tata group has completed the acquisition of Taiwan s Wistron s manufacturing facility in Karnataka. Taiwan s Wistron joined native rival Foxconn in 2018 to start assembling iPhones in India, with a third Taiwanese manufacturer Pegatron joining in 2022.