Tata Group may become first Indian iPhone maker, likely to takeover Wistron factory in Karnataka

A takeover of the Wistron Corp. factory in southern Karnataka state, potentially valued at more than $600 million, would cap about a year of negotiations. The facility employs more than 10,000 workers, who assemble the latest iPhone 14 model. The addition of an Indian iPhone is likely to add momentum to Apple’s efforts to diversify its product base beyond China and build up technology manufacturing in the South Asian nation.