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

Reuters15:42

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

** 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))

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