Pegatron leases space in Chennai as part of Indian iPhone manufacturing plan

Apple supplier Pegatron has leased half a million square feet near Chennai, India as part of its plan to establish iPhone manufacturing operations in the region.Credit: PegatronPegatron plans to use the space, built in an industrial park near Chennai, for assembly and warehouse purposes, Financial Express reported on Wednesday. The company previously laid out plans to spend about $150 million in setting up iPhone manufacturing facilities in the Indian state of Tamil Nadu. Read more...