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Oct 27, 2023 · Tata Electronics Pvt Ltd (TEPL), the Tata Group ’s manufacturing arm, is acquiring Wistron ’s operations in India for $125 million (Rs 1,000 crore). That will make it the first Indian company to manufacture Apple iPhones. Taipei-based Wistron Corp’s board on Friday granted approval “to sign the share purchase agreement with TEPL for the ...
May 1, 2023 · After doing business in India for more than fifteen years, the Taiwanese electronics company, Wistron, will be winding down its operations imminently. Sources close to the matter told businessline ...
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May 22, 2023 · Foxconn and Pegatron are engaged in inventory management for Apple in India, but Wistron wasn’t able to get into the high-margin business. “There need to be systems in place to gauge demand and ship to various units, which Wistron lacked. Plus, it is a much smaller player as compared to Foxconn and Pegatron,” said one of the executives.
Oct 27, 2023 · New Delhi, UPDATED: Oct 27, 2023 17:38 IST. The Tata Group has acquired Wistron's operations in India, paving the way for it to manufacture and assemble Apple iPhones in India for both domestic and global markets. The announcement was made by Union Minister Rajeev Chandrasekhar on social media platform X. He said, “Within just two and a half ...
Nov 9, 2023 · The Tata Group unveiled the plan to acquire Wistron India officially on October 27, announcing it would pay $125 million for 100% equity stake for the company’s assembly lines. ET reported on Thursday that the deal is worth a total $750 million inclusive of a $550-million inter-corporate loan given by the parent to Wistron India.
May 10, 2024 · 2024/05/10. (TAIPEI, TAIWAN) 10 May 2024 — Wistron Corp. held a meeting of the Board of Directors today. Following the meeting, the company announced the financial results for the first quarter ended March 31, 2024. The consolidated revenue amounted to NT$239 billion, with operating income reaching NT$7,059 million, profit before tax (PBT) at ...
