Pegatron prepares $150M investment into production in India

Apple assembly partner Pegatron's board may have given the all-clear to invest $150 million into its first production facilities in India, an operation that could be used for iPhone production in late 2021.

Pegatron has yet to set up shop properly in India, a major emerging market for Apple, and has so far registered a subsidiary in the country as a prelude to starting operations. Now, it seems the company is preparing funds to get the subsidiary up and running.According to an unnamed Pegatron executive speaking to The Economic Times, Pegatron's board has allegedly approved an initial investment worth $150 million to construct facilities. The investment would have been made earlier, but the executive claims the COVID-19 pandemic made it harder for Pegatron staff to visit the country, delaying proceedings.

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