Apple expands manufacturing in India, OEM Pegatron plans to open second iPhone factory in the country – small tech news

On March 24, Beijing time, sources familiar with the matter said,Apple contract maker Pegatron in talks to open second India factory, the new factory will be responsible for assembling the latest iPhone models. Currently, Apple’s manufacturing partners are continuing to diversify their production.

Just six months ago, Pegatron just invested 150 million US dollars (currently about 1.024 billion yuan) to open its first factory in India.Now, Pegatron plans to add a second factory near Chennai, in the southern state of Tamil Nadu, to assemble the latest iPhones, people familiar with the matter said.. Negotiations are underway to start a second factory on a lease, which will be located in Mahindra World City near Chennai, near the company’s first factory, which is due to open in September 2022. Pegatron’s planned investment spending on factory expansion is unclear.However, the new plant will be smaller than the first, the people said..

On an annualized basis, Pegatron currently accounts for 10 percent of Apple’s iPhone production in India, according to research firm Counterpoint. India is seen as Apple’s next growth market. From April 2022 to February this year, India exported about $9 billion worth of smartphones, of which iPhones accounted for more than 50%, according to the Indian Cellular and Electronics Association.

Pegatron declined to comment, but said “any asset acquisition will be disclosed in accordance with regulations.”. Apple has yet to comment.