Tata Electronics buys Chinese iPhone supplier Justech’s India unit
Key Points
- Tata Electronics has acquired Chinese industrial firm Justech Precision’s India unit for close to $100 million, according to two people familiar with the matter.
- Tata Electronics has sought to expand iPhone manufacturing capacity as Apple reportedly aims to make all of the iPhones for the U.S. market in India by end-2026.
- Apple is looking to build “highly localized” partners to become “truly diversified,” but finding alternatives for components that have been sourced from China could take years, an analyst said.
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