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Several Tata Group companies have become global suppliers for Tesla, contributing to approximately $2 billion in Indian supplies for FY24. These partnerships include Tata AutoComp, Tata Consultancy Services, Tata Technologies, and Tata Electronics, which are poised for growth as Tesla explores local manufacturing in India. The collaboration aims to enhance Tesla's supply chain by sourcing various components, reducing reliance on China, and creating opportunities for Indian suppliers.
Jabil is set to invest $125 million to establish a silicon photonics manufacturing facility in Gujarat, following a memorandum of understanding with the state government. The plant, expected to be operational by the end of the calendar year, aims to support high-speed data transmission applications and capitalize on India's growing economy and skilled labor force. This initiative is part of a broader investment trend in Gujarat's semiconductor sector, which has seen commitments totaling INR 15,000 crore from various firms.
Infineon has launched its largest power semiconductor plant in Malaysia, while ASE plans a $200 million investment in next-gen chip packaging technology. Apple aims to manufacture 25% of iPhones in India by 2027, navigating significant challenges amid rising geopolitical tensions. Meanwhile, Huawei is attempting a comeback with the launch of its high-end Mate XT smartphone, targeting Southeast Asia and the Middle East markets.
Infineon has launched its largest power semiconductor plant in Malaysia, while ASE invests $200 million in next-gen chip packaging technology. Apple aims to produce 25% of iPhones in India by 2027, navigating challenges like component sourcing and workforce issues. Meanwhile, Huawei seeks to regain global smartphone prominence with its new Mate XT phone amid ongoing US restrictions.
Tata Electronics has secured a majority stake in Pegatron's iPhone plant in Tamil Nadu, India, forming a joint venture where Tata will hold 60% and manage daily operations. Pegatron will retain the remaining stake and provide technical support. Financial details of the deal remain undisclosed.
Tata Electronics Ltd.
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