Apple In Talks With Micron, Tata Group To Secure India-Made Chips For Locally Made iPhones
Portfolio Pulse from Ananthu C U
Apple is in talks with Micron and Tata Group to secure India-made chips for iPhones, aiming to shift 26% of global production to India by 2026. Apple's semiconductor demand is projected to reach $12 billion by then, with significant spending on Indian-made chips.
September 10, 2024 | 5:55 am
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Apple is negotiating with Micron and Tata Group to secure semiconductors for iPhones made in India, aiming to shift 26% of production there by 2026. This move could significantly impact Apple's supply chain and production costs.
Apple's strategy to shift a significant portion of its iPhone production to India and secure local semiconductor supply could reduce costs and enhance supply chain resilience. This is likely to positively impact Apple's stock in the short term.
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