Shulou(Shulou.com)11/24 Report--

CTOnews.com July 11 news, according to Taiwan's "Economic Daily" reported that the market there is a new progress in the sale of Weituang India plant, according to foreign media pointed out that Tata Group will formally complete the acquisition of Weituang's iPhone foundry in August, the transaction price is expected to exceed 600 million US dollars, in response to the progress of the Indian factory sale, the company will not comment on foreign media reports, related information Still give priority to the formal announcement to the public.

Earlier, according to Bloomberg, Tata Group is seeking to acquire the Witron plant in Karnataka, which employs more than 10000 people and is currently assembling iPhone 14 models. Wistron has pledged to ship $1.8 billion worth of iPhone in the fiscal year ending March 2024 (CTOnews.com Note: currently about 13.014 billion yuan) and to triple the number of workers next year. Sources also revealed that Tata Group will continue to fulfill these commitments after the acquisition of the plant.

Tata Group is currently the largest group company in India, including 96 companies in seven departments, operating in more than 40 countries on six continents, and its products are exported to 140 countries, covering aviation, automotive, fast consumer products, chemicals, national defense aerospace, power distribution systems, engineering, finance, medical care, information, railway locomotives, real estate, steel, communications and other fields.

Wizuang Asset is one of the assemblers of Apple's iPhone SE and iPhone 6s smartphones, and Lixun later announced the acquisition of part of its iPhone business for $472 million, making it Apple's first contract manufacturer in mainland China.

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