Tata Group Near Deal To Become First Indian iPhone Maker With Potential Acquisition Of Wistron Factory In Southern Karnataka State; Deal Could Be Valued At More Than $600M
Portfolio Pulse from Charles Gross
Tata Group is reportedly close to acquiring Wistron's factory in Karnataka, potentially becoming the first Indian iPhone maker. The deal could be valued at over $600 million.
July 11, 2023 | 8:56 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Apple may see a potential shift in its supply chain if Tata Group acquires Wistron's factory, potentially impacting production costs and timelines.
The acquisition could potentially impact Apple's supply chain, as Wistron is one of its suppliers. However, the exact impact would depend on how Tata Group manages the factory post-acquisition and whether it can maintain or improve the production efficiency.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The potential acquisition of Wistron's factory by Tata Group could boost India's manufacturing sector, potentially impacting the INDA ETF.
The acquisition could boost India's manufacturing sector, as it would mark a significant step in the country's efforts to become a global manufacturing hub. This could potentially have a positive impact on the INDA ETF, which tracks the Indian market.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80