India's Amber Enterprises, Dixon Tech climb on report of likely partnership with Apple

Amber Enterprises India

21/11/2024 07:42

** Shares of electronics makers Amber Enterprises  AMBE.NS 
and Dixon Technologies  DIXO.NS  rise 7% and 2%, respectively
    ** AMBE gained as much as 8.3% to a record high of 6,679.5
rupees
    ** Apple  AAPL.O  in talks with over 40 Indian firms,
including AMBE and DIXO, for component supply chain as China
allies step back, Moneycontrol reported citing sources
    ** AAPL bullish on Indian partners as its Chinese component
suppliers have been reluctant to invest in India due to ongoing
tax and legal challenges Chinese smartphone co's are facing -
report
    ** Amber and Dixon did not immediately respond to Reuters
request for comment
    ** The iPhone maker has also roped in major tech co's
including HCLTech  HCLT.NS , Wipro  WIPR.NS , and Motherson
Group  SAMD.NS , the report added
    ** AMBE and DIXO have both surged over two-fold so far this
year


 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com))