Apple is reportedly in talks with Micron, the Tata Group, and other chip manufacturers setting up plants in India to source supplies worth $12 Bn for the India-produced iPhones
US-based chip manufacturer Micron received approval from the cabinet ministry in June 2023 to set up a semiconductor unit in Gujarat, Tata Electronics received the approval this year.
Apple is also gradually increasing the production of iPhones in India. India contributed about 14% to Apple’s overall production in FY24
In a big boost to India’s fast-growing semiconductor industry, tech giant Apple is reportedly mulling using made-in-India chips for the iPhones produced in the country.
Apple is in talks with Micron, the Tata Group, and other chip manufacturers setting up plants in India to source supplies worth $12 Bn for the India-produced iPhones, Financial Express reported citing sources.