Name: iPhone-maker Pegatron registers India subsidiary as Apple pushes to diversify supply
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iPhone-maker Pegatron registers India subsidiary as Apple pushes to diversify supply

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Search+››› iPhone-maker Pegatron registers India subsidiary as Apple pushes to diversify supplyBy , Last Updated: Jul 17, 2020, 06:45 AM ISTSynopsisNEW DELHI: Pegatron, Apple's second-largest contract manufacturer, has registered a subsidiary in India, setting the stage for expanding the manufacturing capacity of iPhones in the country, amid heightened US-China tensions."Pegatron has registered its India subsidiary in Chennai," a person familiar with the development told ET. "Currently, the company's officials are in discussions with multiple state governments to find land to set up factories after which they would import plant and machinery."Pegatron couldn't be reached for a comment. Apple didn't respond to ET's emailed queries.The over $45-billion Taiwanese contract manufacturer is one of three global makers of . The other two - Wistron and Foxconn - are already present in India.The move signals Apple's push to diversify its supply chain out of China. India is hoping to attract companies that are looking for alternative manufacturing bases and the government in April launched a slew of incentives including a Rs 41,000-crore production linked incentive () programme to incentivise large electronic manufacturers to set up production bases in the country.Pegatron, which is Taiwan's second-largest contract manufacturer after , better known as Foxconn Technology Group, makes notebooks, desktops, motherboards, tablet devices, game consoles, LCD TVs, multimedia players, smartphones, broadband and networking devices.ET had reported in its May 11 edition that Apple was looking to shift a significant chunk of its iPhone production out of China to India. Meanwhile, Pegatron CEO Liao Syh-jang had said during an investor call in March that the company would expand its overseas production facilities depending upon the client's wishes and incentives offered by the governments abroad.Apple's turnover in India last year was approximately $1.5 billion. IPhones accounted for less than $1 billion, of which only a small percentage here was locally manufactured. Out of the models sold here, Wistron and Foxconn locally manufacture iPhone 7 and XR. The company has a market share of just 2-3%, but is a leader in the premium phones category.Apple's footprint in China is significantly greater. It is one of the country's top investors and in 2018-19, the market value of its electronic merchandise produced there was upwards of $200 billion, a vast majority of which was exported.Experience Your Economic Times Newspaper, The Digital Way!&nbsp;»Stay on top of and that matters. to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.Subscribe to YesNoCan't sayXContinue reading with one of these options:Limited AccessFreeLogin to get access to some exclusive stories &amp; personalised newslettersLogin NowUnlimited AccessStarting @ Rs120/monthGet access to exclusive stories, expert opinions &amp; in-depth stock reportsSubscribe NowTo read full story, subscribe to ET Prime₹34 per weekBilled annually at₹2499Already a Member? Super Saver Sale - Flat 30% OffOn ET Prime MembershipAlready a Member? Rs 49 for 1st monthThen Rs. 1,749 per yearValid only with UPI, Credit &amp; Debit Cards Autopay---Subscribe Now(Credit card mandatory)You can cancel your subscription anytime---Subscribe Now(Pay Using Netbanking/UPI/Debit Card)Netbanking, Credit &amp; Debit CardSubscribe with Google₹399MonthlyPLANBilled Amount ₹399No Trial Period₹399₹208(Save 49%)YearlyPLANBilled Amount ₹2,499₹399₹150(Save 63%)2-YearPLANBilled Amount ₹3,599$13.99(Save 40.0%)$33.99Get ET Prime for just ₹2499 ₹1749/yrSpecial OfferGet Flat 20% OffON ET PRIME MEMBERSHIPStories you might be interested inSUBMIT

Search+››› iPhone-maker Pegatron registers India subsidiary as Apple pushes to diversify supplyBy , Last Updated: Jul 17, 2020, 06:45 AM ISTSynopsisNEW DELHI: Pegatron, Apple's second-largest contract manufacturer, has registered a subsidiary in India, setting the stage for expanding the manufacturing capacity of iPhones in the country, amid heightened US-China tensions."Pegatron has registered its India subsidiary in Chennai," a person familiar with the development told ET. "Currently, the company's officials are in discussions with multiple state governments to find land to set up...

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iPhone-maker Pegatron registers India subsidiary as Apple pushes to diversify supply

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