More recently, Tata has bought Wistron’s Bengaluru plant and Pegatron’s facility in Tamil Nadu, where it secured a 60 per cent controlling stake for an undisclosed amount last month.
But Tata’s ambitions extend to semiconductors, and the Indian conglomerate is building an $11bn chip “fab” in the western state of Gujarat, a joint venture with Taiwan’s Powerchip Semiconductor Manufacturing Corporation, as well as a chip manufacturing and packaging facility in Assam, a state in the north-east.
Some of Tata’s chips may be destined for iPhones in future, according to industry participants and analysts. “Tata Electronics hopes to get the bulk of [Apple’s] business in India — not only in terms of phones, but other electronics,” says an Indian official with direct knowledge of the matter, who like others, asked not to be named.
“Tata is trying to get as much skin in the game as possible with Apple,” says Neil Shah, a Mumbai-based analyst and co-founder of Counterpoint Research. “There is a trust factor with Tata and in India overall.”
And with Tata now “going full throttle”, Shah predicts India’s contribution to global iPhone output, which he says has been growing 27 per cent annually, will cross the 20 per cent contribution milestone this year…Read More
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