Vedanta to make Apple iPhones in India, says Chairman Anil Agarwal | Tech News

Vedanta to make Apple iPhones in India, says Chairman Anil Agarwal

Anil Agrawal has revealed that Vedanta will be making iPhones in India. Check details here.

| Updated on: Sep 15 2022, 09:42 IST
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1/7 Apple has launched four models in the iPhone 14 series – iPhone 14, iPhone 14 Plus, iPhone 14 Pro and the iPhone 14 Pro Max. While the iPhone 14, iPhone 14 Pro and the iPhone 14 Pro Max have the same form factor as their counterparts from last year, the iPhone 14 Plus has been launched as a replacement for last year’s iPhone 13 Mini. (Apple)
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2/7 The iPhone 14 Pro and the iPhone 14 Pro Max have been launched with an all-new notch design with what Apple calls “Dynamic Island”. It is a pill-shaped notch instead of the traditional notch. Apple has changed the UI in iOS 16 to take advantage of this new notch. (Apple)
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3/7 Apple has launched an all-new satellite messaging service for the iPhone 14 series. It will allow users to send messages via satellite even when there is no cell reception in remote areas. Apple calls it “emergency SOS via satellite feature”. (Apple)
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4/7 The pricing for the iPhone 14 has been kept the same as last year. The iPhone 14 is priced at $799 while the iPhone 14 Plus is priced at $899. The iPhone 14 Pro and iPhone 14 Pro Max have been priced at $999 and $1,099 respectively. Apple will start the pre-orders for the iPhone 14 starting September 9. It will be available in stores starting September 16. (Apple)
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5/7 Apple has also launched an ultra-Apple Watch for adventure enthusiasts who love the outdoors. The Apple Watch Ultra has a built-in compass in its dial and a dedicated Oceanic app for scuba diving enthusiasts. Apple claims nearly 60 hours of battery life in the Apple Watch Ultra. It is priced at a hefty $799. (Apple)
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6/7 Apple has also launched the Apple Watch Series 8 which further improves on last year’s Series 7. Apple claims the watch is swim proof, dust proof and crack resistant. The Series 8 watch also has a crash detection feature to alert emergency services in case of an accident via G-force tracking. It has been priced at $399. Apple has also launched its trimmed down version, the Apple Watch SE priced at $249. All watches will be available starting September 16. (Apple)
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7/7 The tech giant has also launched the second iteration of its Airpods Pro, the Airpods Pro 2 offering personalized spatial audio and a new H2 chip and offering nearly double the amount of Active Noise Cancellation compared to the first gen Airpods Pro. Airpods Pro 2 have been priced at $249 with pre-orders beginning September 9 and store availability from September 23. (Apple)
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Here is all you need to know about Vedanta manufacturing Apple iPhones. (AP)

Foxconn and Vedanta have announced a $19.4 billion (Rs. 1.54 lakh crore) deal to make semiconductors in India. The first semiconductor plant will be set up in Gujarat. "The 60:40 joint venture of Vedanta-Foxconn will set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit on a 1000-acre land in the Ahmedabad district," the report informed. Also, Chairman Anil Agarwal told CNBC TV18 that Vedanta will create a hub to manufacture Apple iPhones and TV equipment too. It may also venture into the electric vehicle sector. Live Mint reports the hub is likely to be in Maharashtra. Agarwal added that this would be "kind of forward integration for the Gujarat JV plant".

"The plant will start production in two years," Agarwal said after signing the Memorandum of Understanding (MoU) with the Gujarat government on Tuesday. It can be known that semiconductors are essential pieces of many electronic products - from cars to mobile phones, ATM cards, and kitchen appliances. The semiconductor supply chain was affected due to the outbreak of the coronavirus pandemic and hence the shortage of the semiconductor further affected many industries, including electronics and automotive.

The Indian semiconductor market was valued at $27.2 billion in 2021 and is expected to grow at a healthy CAGR of nearly 19 percent to reach $64 billion in 2026. However, none of these chips are manufactured in India so far. The Indian government brought a fiscal incentive scheme for manufacturing semiconductors in the country mainly to cut dependence on imports from nations like Taiwan and China.

Vedanta chairman said, "this is the largest ever investment in Gujarat... ours will be the first semiconductor plant in the country," adding local manufacturing of chips will make laptops and tablets affordable. He further informed that Gujarat unit will manufacture 40,000 wafers and 60,000 panels per month to begin with.

Prime Minister Narendra Modi hailed the MoU and said that it will boost the economy and create jobs. "This MoU is an important step in accelerating India's semiconductor manufacturing ambitions. The investment of 1.54 lakh crore will create a significant impact to boost the economy and jobs. This will also create a huge ecosystem for ancillary industries and help our MSMEs," he tweeted.

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First Published Date: 15 Sep, 09:42 IST