"Apple's contract manufacturers currently have a monthly capacity of around 40 million iPhones, out of which 30-35 million units are made every month. With this deal done, the capacity is only going to increase as Apple looks to expand its supply chain outside of China amid geopolitical tensions,

In a significant move to strengthen its position as a major Apple supplier, Tata Electronics has agreed to acquire a majority stake in Pegatron's iPhone manufacturing plant in Chennai, Tamil Nadu

Tata Electronics has acquired a majority stake in Pegatron's only iPhone manufacturing facility in Tamil Nadu. The move makes Tata a major supplier for Apple. The deal was announced internally last week,