Tata Electronics backs iPhone and chip push with $6.38B in guarantees

Tata Electronics, Apple's contract manufacturing partner, issued INR612.8 billion ($6.38 billion) in corporate guarantees on behalf of its subsidiaries in fiscal 2026. The backing supports its expansion in iPhone manufacturing and semiconductor projects.

• Tata Electronics guarantees reached INR612.8 billion ($6.38 billion)
• Funds support iPhone production and semiconductor expansion
• Guarantees were issued for subsidiaries in fiscal 2026