Tata Electronics Pvt Ltd (TEPL) on Friday Announced The Acquisition of a Controlling 60 per cent stake in taiwanese contrad manufacturer pegatron's India unit, CEMENTING it Ronics Manufacturing Sector.
The financial details of the transactions were not disclosed.
Pegatron India is a Subsidiya of Taiwanese Pegatron Corporation, Engaged in the Provision of Contract-Based Electronics Manufacturing Services (EMS) to Global GINTS LIKE LIKE Apple.
The latest deal is expected to strengthen tata's position as an apple supplier and bolster its iPhone manufacturing plans.
Announcing the account of a 60 per cent stake, tata electronics said pegatron technology India will undergo Rebranding to refrand to refrand new owners and business direction to bes Ity electronics manufacturing services.
The latest move by the electronics Arm of the salt-to-software combare follows its acquisition of wistron's India operations (based in narsapura, karnataka) Less than a year in Mark 2024.
In Fact, In HIS New Year Message to Employees, Tata Sons Chairman N Chandrasekaran Asserted That With Global Supply Chains Continuing to Shift in India's Favor as the World as the World ' Etween resilience and efficiency, manufacturing has the potential to transform the country's Economy.
Chandrasekaran termed it as “a new manufacturing golden age for India”.
On Friday, Tata Electronics Ceo and MD Randhir Thakur Said The Acquisition of a Majority Stake in Pegatron Technology India Fits Into Tata Electronics' Strategy of Groving Its MANUFACTURING FOTPRINTINT
“We look forward to a new era of Ai, Digital, and Technology-LED Manufacturing as We Bring Up these new facilities and expand our operations in India,” Thakur said.
In addition to tepl acquiring a majority stake in Pegatron Technology India, The two companies will work on integrating their teams to work seamlessly.
Tata group has been scripted an aggressive blueprint for electronics and semiconductor manufacturing.
Tata Electronics is Building India's First Fab in Dholera, Gujarat, with a Total Investment of Rs 91,000 Crore. In addition, another Rs 27,000 Crore will be invested in a greenfield facility in Jagiraad, Assam, for the Assembly and Testing of Semiconductor Chips. Togeether, these facilities will produce semiconductor chips for applications Across Automotive, Mobile Devices, Artificial Intelligence (AI), and Other Key Segments to Serve Customers Globally.
Tata Group Will Create 5 Lakh Manufacturing Jobs in the Next Five Years Sector Such as SEMICONDUS, Electric Vehicles, Battery and Related Industries, Chandrasekaran SAID in Octobary Lastores.
Tata Sons' Top Honcho Had Asserted That India Cannot Achieve The Goals of Being a Developed Nation If the Country Cannot Create Manufacturing Jobs.
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