Google Partners with Dixon Technologies to Manufacture Pixel Smartphones in Noida, Stock Rises 4% After Compal Partnership

Dec 2, 2024, 01:59 AM

Google has announced that its Pixel smartphones will be manufactured in India, marking a significant move in its production strategy. The manufacturing will be carried out by Dixon Technologies at its facility in Noida, following a partnership with Taiwanese original design manufacturer Compal Electronics. This collaboration aims to enhance Google's market presence in India and is part of the broader trend of companies diversifying their manufacturing bases outside of China. Following the announcement, Dixon Technologies' stock rose more than 4%, reaching a record high intraday, as investors reacted positively to the news. Analysts suggest that this shift could lead to significant long-term potential for the company.