Report: New Wistron Plant in India to Be Captive to Apple
BENGALURU, INDIA -- Wistron's planned assembly plant here will be dedicated to building iPhones for Apple, according to a Reuters report.
The news service, citing a source familiar with the matter, added that finalization of the plans are pending the negotiation of how Apple will "repatriate" profits from local sales and exports.
Apple has been hounded by various governments over where it shelters its cash, which is part of the company's tax avoidance strategy.
If plans are agreed to shortly, production could begin as early as late April, a local government official said. However, the Reuters source said an agreement has yet to be signed.
A Wistron spokeswoman told Reuters production is expected to begin producing in the first half but declined to comment on customer names.
