Pegatron spends $14 million on land for iPhone production in India
Pegatron plans on setting up a manufacturing base in Chennai, India, gearing up to produce iPhone models in the second half of 2021 at the earliest.
Pegatron continues to prepare to shift some of its iPhone production to India, spending over $14 million acquiring land and securing rights to build a factory in Chennai.
According to a source that spoke to the DigiTimes, the new site would primarily be used for iPhone production and could employ about 14,000 workers there.
It was previously reported that Pegatron had registered a subsidiary in India, which made it clear that the company had hopes of moving some of its iPhone manufacturing out of China.
In November, it was reported that Pegatron would spend $150 million into its first production facilities in India.
India's Ministry of Electronics and Information Technology has been trying to manufacturing jobs to the country through various tactics, including offering incentives to smartphone manufacturers, as part of its larger "Make in India" program.