Salcomp acquires Nokia supplier Lite-On Mobile's facility in Tamil Nadu

Finnish electronics manufacturer Salcomp, which earlier acquired Nokia’s defunct factory (closed for nearly five years due to a tax dispute) near Chennai, has acquired the facility of Lite-On Mobile on the same premises. These acquisitions are expected to make Salcomp the largest tenant in the area, which was once a special economic zone (SEZ).

Salcomp will be occupying nearly 55 per cent of the 1 million sq ft SEZ area, which housed one of the world’s largest mobile manufacturing units.

The Tamil Nadu government is talking to Chinese electronics manufacturer Luxshare, a supplier to Apple, for filling up the remaining space. Foxconn