Apple Explores iPhone Component Production in India with CG Semi
Apple (AAPL) shares edged higher Tuesday amid reports of preliminary discussions with India's CG Semi for potential iPhone parts production. The talks mark Apple's first exploration of chip assembly in India, signaling a strategic shift in its supply chain away from traditional Asian hubs.
CG Semi, a Murugappa Group subsidiary, is constructing a semiconductor facility in Gujarat that could produce display drivers and other components. However, Apple's rigorous certification process may delay full-scale production until 2026, despite suppliers working to meet the tech giant's exacting standards.