Nov 4 (Reuters) – Apple Inc’s (AAPL.O) Taiwanese contract manufacturer Pegatron Corp (4938.TW) has begun assembling the new iPhone 14 in India, Bloomberg News reported on Friday, citing people familiar with the matter.
The report comes as relentless controls and spot lockdowns across China, where majority of Apple’s iPhones are manufactured, have hampered economic growth and taken a heavy psychological and financial toll on residents and companies. read more
Meanwhile, Foxxconn (2317.TW), formally Hon Hai Precision Industry Co Ltd, began production of iPhone 14 in India in September, making Pegatron the second producer of the model in India, Bloomberg report added.
All of Apple’s biggest Taiwanese suppliers, Foxconn, Pegatron and Wistron Corp (3231.TW) , have ramped up iPhone assembly in India, boosted by Prime Minister Narendra Modi’s financial incentives program, Bloomberg said.
India and other countries such as Mexico and Vietnam…
