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Tata Seals Deal with Pegatron for iPhone Plant in India's Tamil Nadu

FILE PHOTO: Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. REUTERS/Francis Mascarenhas/File Photo
FILE PHOTO: Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. REUTERS/Francis Mascarenhas/File Photo
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Tata Seals Deal with Pegatron for iPhone Plant in India's Tamil Nadu

FILE PHOTO: Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. REUTERS/Francis Mascarenhas/File Photo
FILE PHOTO: Apple iPhones are seen inside India's first Apple retail store during a media preview, a day ahead of its launch in Mumbai, India, April 17, 2023. REUTERS/Francis Mascarenhas/File Photo

India's Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron's only iPhone plant in India, forming a new joint venture that strengthens Tata's position as an Apple supplier, two sources told Reuters.
Under the deal announced internally last week, Tata will hold 60% and run daily operations under the joint venture, while Pegatron will hold the rest and provide technical support, said the two sources, who declined to be named as the details are not yet public.
The sources did not elaborate on the financials of the deal.
Tata declined to comment, while Apple and Pegatron did not respond to Reuters queries on Sunday.
Reuters was first to report in April that Pegatron had the backing of Apple and was holding advanced talks to sell its only iPhone plant in India to Tata, marking the Taiwanese firm's latest scale back of its Apple partnership.
Apple is increasingly looking to diversify its supply chain beyond China amid geopolitical tensions between Beijing and Washington. For India's Tata, the Chennai Pegatron plant will bolster its iPhone manufacturing plans.
Tata is one of the largest conglomerates in India and has been fast expanding into iPhone manufacturing, rivaling the only other iPhone contract manufacturer operating in India, Foxconn.
The announcement for the deal's closure was made internally at the iPhone plant on Friday, said the first source.
The second source said the two companies plan to file for an approval of the Competition Commission of India (CCI) in the coming days.
Tata already operates an iPhone assembly plant in the southern state of Karnataka, which it took over from Taiwan's Wistron last year. It is also building another in Hosur in Tamil Nadu, where it also has an iPhone component plant which was involved in a fire incident in September.
Analysts estimate India will contribute 20-25% of total iPhone shipments this year, from 12-14% last year.
The Tata-Pegatron plant, which has around 10,000 employees and makes 5 million iPhones annually, will be Tata's third iPhone factory in India.

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OpenAI's Altman Says World 'Urgently' Needs AI Regulation

OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)
OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)
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OpenAI's Altman Says World 'Urgently' Needs AI Regulation

OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)
OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)

Sam Altman, head of ChatGPT maker OpenAI, told a global artificial intelligence conference on Thursday that the world "urgently" needs to regulate the fast-evolving technology.

An organization could be set up to coordinate these efforts, similar to the International Atomic Energy Agency (IAEA), AFP quoted him as saying.

Altman is one of the hosts of top tech CEOs in New Delhi for the AI Impact Summit, the fourth annual global meeting on how to handle advanced computing power.

Frenzied demand for generative AI has turbocharged profits for many companies while fueling anxiety about the risks to individuals and the planet.

"Democratization of AI is the best way to ensure humanity flourishes," Altman said, adding that "centralization of this technology in one company or country could lead to ruin".

"This is not to suggest that we won't need any regulation or safeguards," he said. "We obviously do, urgently, like we have for other powerful technologies."

Many researchers and campaigners say stronger action is needed to combat emerging issues, ranging from job disruption to sexualized deepfakes and AI-enabled online scams.

"We expect the world may need something like the IAEA for international coordination of AI," with the ability to "rapidly respond to changing circumstances", Altman said.

"The next few years will test global society as this technology continues to improve at a rapid pace. We can choose to either empower people or concentrate power," he added.

"Technology always disrupts jobs; we always find new and better things to do."

Generative AI chatbot ChatGPT has 100 million weekly users in India, more than a third of whom are students, he said.

Earlier on Thursday, OpenAI announced with Indian IT giant Tata Consultancy Services (TCS) a plan to build data center infrastructure in the South Asian country.

Technology

Saudi Arabia Showcases Responsible Use of AI at AI Impact Summit in India

Saudi Arabia took part in a high-level session on harnessing artificial intelligence on the sidelines of the AI Impact Summit 2026 hosted by India.
Saudi Arabia took part in a high-level session on harnessing artificial intelligence on the sidelines of the AI Impact Summit 2026 hosted by India.
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Saudi Arabia Showcases Responsible Use of AI at AI Impact Summit in India

Saudi Arabia took part in a high-level session on harnessing artificial intelligence on the sidelines of the AI Impact Summit 2026 hosted by India.
Saudi Arabia took part in a high-level session on harnessing artificial intelligence on the sidelines of the AI Impact Summit 2026 hosted by India.

Saudi Arabia, represented by the Saudi Data and Artificial Intelligence Authority (SDAIA), took part in a high-level session on harnessing artificial intelligence for people, planet, and progress on the sidelines of the AI Impact Summit 2026 hosted by India, the Saudi Press agency reported on Wednesday.

The event drew participation from more than 70 countries and 25 international organizations, as well as senior decision-makers and technology experts.

The Saudi delegation, led by SDAIA President Dr. Abdullah Alghamdi, included Saudi Ambassador to India Haitham Al-Maliki and officials from relevant government entities.

The session aimed to launch a global network of specialized AI scientific institutions, accelerate discovery through advanced technologies, strengthen international cooperation among states and research bodies, and support the deployment of artificial intelligence to address global challenges and advance the United Nations Sustainable Development Goals (SDGs) 2030.

Deputy Chief Strategy Officer at SDAIA Dr. Abdulrahman Habib emphasized the need to unify international efforts to promote the responsible and ethical use of artificial intelligence, ensuring a sustainable, positive impact on societies and economies worldwide and supporting the 2030 SDGs.

He also reviewed Saudi Arabia’s data and AI initiatives, highlighting efforts to develop regulatory frameworks and national policies that balance innovation with the governance of emerging technologies, as well as applied models that have enhanced quality of life, improved government service efficiency, and advanced environmental sustainability.

SDAIA's participation in the summit underscores Saudi Arabia’s role in shaping the global future of AI and in strengthening its presence in international forums focused on advanced technologies, in line with the objectives of Saudi Vision 2030, which prioritizes digital transformation and innovation.

Technology

Google Says to Build New Subsea Cables from India in AI Push

A logo of Google is on display at Bharat Mandapam, one of the venues for AI Impact Summit, in New Delhi, India, February 17, 2026. REUTERS/Bhawika Chhabra
A logo of Google is on display at Bharat Mandapam, one of the venues for AI Impact Summit, in New Delhi, India, February 17, 2026. REUTERS/Bhawika Chhabra
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Google Says to Build New Subsea Cables from India in AI Push

A logo of Google is on display at Bharat Mandapam, one of the venues for AI Impact Summit, in New Delhi, India, February 17, 2026. REUTERS/Bhawika Chhabra
A logo of Google is on display at Bharat Mandapam, one of the venues for AI Impact Summit, in New Delhi, India, February 17, 2026. REUTERS/Bhawika Chhabra

Google announced Wednesday it would build new subsea cables from India and other locations as part of its existing $15 billion investment in the South Asian nation, which is hosting a major artificial intelligence summit this week.

The US tech giant said it would build "three subsea paths connecting India to Singapore, South Africa, and Australia; and four strategic fiber-optic routes that bolster network resilience and capacity between the United States, India, and multiple locations across the Southern Hemisphere".