Breaking : Vedanta Partners With Foxconn To Make Semiconductors In India

[INDIAPOSITIVE]

Vedanta Ltd. has tied up with Hon Hai Technology Group to make semiconductors locally after India announced incentives for chip companies to boost domestic production. Vedanta will hold the majority stake in a joint venture with Foxconn, as Taiwan's Hon Hai is also called, according to a media statement said. Vedanta Group promoter Anil Agarwal will be the chairman of the JV.
Discussions are on with a few state governments to finalise the location of the plant, the statement said.


The deal follows India's recent policy to offer Rs 76,000-crore production-linked incentive for chipmakers as part of Prime Minister Narendra Modi's initiative to boost domestic electronics manufacturing.

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Vedanta Partners With Foxconn To Make Semiconductors In India

Discussions are on with a few state governments to finalise the location of the plant.

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[Black Tornado]

I don’t think Vedanta will manufacture chips, Government of India is eyeing TSMC and Intel for manufacturing chips in India. Only if government expands current PLI Scheme for a 3rd plant then there might be chances, or maybe they’re looking for an OSAT facility.

 

[Wood]

It would be interesting to speculate which state will be the benefactor of this investment. Telengana and Karnataka will have the most chances as per recent trend.

Both Foxconn and Vendanta have had a bad experience in TN recently. So I think that this state is least likely despite favorable port access and electronic manufacturing industries.

 

[Black Tornado]

It would be interesting to speculate which state will be the benefactor of this investment. Telengana and Karnataka will have the most chances as per recent trend.

Both Foxconn and Vendanta have had a bad experience in TN recently. So I think that this state is least likely despite favorable port access and electronic manufacturing industries.

TN is full of PLIjeevis, Karnataka is a great destination for such facilities, although OSAT plants can be distributed across the country in various locations if I’m not wrong. Areas around Hyderabad and Bangalore are good for such plants, but my bet would be Karnataka more than Telangana.

 

[satyamev]

TN is full of PLIjeevis, Karnataka is a great destination for such facilities, although OSAT plants can be distributed across the country in various locations if I’m not wrong. Areas around Hyderabad and Bangalore are good for such plants, but my bet would be Karnataka more than Telangana.

it's not really a chip plant.
The vedanta group is investing in lcd screen manufacturing and some sort of chip plant , with the 15 b usd.

Foxconn to build chip plant in India with local metals company

The joint venture supports Modi's plan for a domestic semiconductor ecosystem

asia.nikkei.com

Foxconn has a 40 % share with just 118 m usd investment.
Chip plants are in the range of 20 to 40 b usd range , unless prices have fallen drastically.

All news agencies are reporting a sand to chip fab plant , but it could just be one agency picking up.the news from another.

 

[Arulmozhi Varman]

It would be interesting to speculate which state will be the benefactor of this investment. Telengana and Karnataka will have the most chances as per recent trend.

Both Foxconn and Vendanta have had a bad experience in TN recently. So I think that this state is least likely despite favorable port access and electronic manufacturing industries.

Yup. Vedanta has had a really bad experience in TN. Most they won't. But Foxconn had bad issues in Karnataka as well. Infact bad than TN.

But mostly yes it won't be in TN.

 

[satyamev]

LCD screen manufacturing has massive potential. Even this is very good news.

This is with a Japanese company.

 

[Wood]

LCD screen manufacturing has massive potential. Even this is very good news.

Yes, I don't think any country manufactures LCD panels outside Japan-Korea and China. Even China does not lead in this space. US has a very negligible presence.

India simply imports LCD panels for the mobile phones 'manufactured'. Only 12% value addition in 'Indian' mobile phones. This will likely improve the value addition done in India meaningfully.

 

[Arulmozhi Varman]

it's not really a chip plant.
The vedanta group is investing in lcd screen manufacturing and some sort of chip plant , with the 15 b usd.

Foxconn to build chip plant in India with local metals company

The joint venture supports Modi's plan for a domestic semiconductor ecosystem

asia.nikkei.com

Foxconn has a 40 % share with just 118 m usd investment.
Chip plants are in the range of 20 to 40 b usd range , unless prices have fallen drastically.

All news agencies are reporting a sand to chip fab plant , but it could just be one agency picking up.the news from another.

I have little.trust left in non tech majors when they suddenly start to invest in a different industry. It takes lots of homework and MoUs to get it done.

Moreover all chip plants do not need that scale.of investments. Simple commonly used chips can be manufactured with lil investments. You just need to pay the patent, take.the design and start manufacturing for simple chips like 222 IC, Power regulator ICs, Arduino chipsets etc.

If you are going for high end Computers and phone processors along with for 5G/6G chipsets then it would cost that much money.

 

[Turingsage]

 

[Black Tornado]

Yes, I don't think any country manufactures LCD panels outside Japan-Korea and China. Even China does not lead in this space. US has a very negligible presence.

India simply imports LCD panels for the mobile phones 'manufactured'. Only 12% value addition in 'Indian' mobile phones. This will likely improve the value addition done in India meaningfully.

Samsung recently shifted its Display manufacturing to Noida p, what does it make. AMOLED Panels? And yes I feel Vedanta will participate in the display fab PLI as 2 Display fabs are also supposed to be set up.

I have little.trust left in non tech majors when they suddenly start to invest in a different industry. It takes lots of homework and MoUs to get it done.

Moreover all chip plants do not need that scale.of investments. Simple commonly used chips can be manufactured with lil investments. You just need to pay the patent, take.the design and start manufacturing for simple chips like 222 IC, Power regulator ICs, Arduino chipsets etc.

If you are going for high end Computers and phone processors along with for 5G/6G chipsets then it would cost that much money.

We’ll have to start from somewhere

 

[Arulmozhi Varman]

LCD screen manufacturing has massive potential. Even this is very good news.

This is with a Japanese company.

LCD? The world has gone to move on to LED's. It's at best an useless bandwidth if you ask me. Moreover world over, 90% of TVs use either Samsung other LG screen panels. Remaining ones use Sony and the rest. Samsung already manufactures LEDs here.

As usual Vedanta like.any other big mouthed company is blowing smoke.

 

[satyamev]

Yes, I don't think any country manufactures LCD panels outside Japan-Korea and China. Even China does not lead in this space. US has a very negligible presence.

India simply imports LCD panels for the mobile phones 'manufactured'. Only 12% value addition in 'Indian' mobile phones. This will likely improve the value addition done in India meaningfully.

it's not only for India. These have standardized manufacturing processes, except the absolute latest ones like oleds, and the market is the whole world.
About time.
I have been seriously pissed with tata group for wasting billions in buying companies in uk , while not investing anything in the sunrise industries in India.

I have little.trust left in non tech majors when they suddenly start to invest in a different industry. It takes lots of homework and MoUs to get it done.

Moreover all chip plants do not need that scale.of investments. Simple commonly used chips can be manufactured with lil investments. You just need to pay the patent, take.the design and start manufacturing for simple chips like 222 IC, Power regulator ICs, Arduino chipsets etc.

If you are going for high end Computers and phone processors along with for 5G/6G chipsets then it would cost that much money.

just need the right partner to handhold you at the start.
Japanese and koreans support you very well after equipment supply. So do the germans.
The rest of the world, depends on your luck.

Samsung recently shifted its Display manufacturing to Noida p, what does it make. AMOLED Panels? And yes I feel Vedanta will participate in the display fab PLI as 2 Display fabs are also supposed to be set up.


We’ll have to start from somewhere

no lcd manufacturing in India at the moment. Its mostly a assembly plant.

 

[satyamev]

LCD? The world has gone to move on to LED's. It's at best an useless bandwidth if you ask me. Moreover world over, 90% of TVs use either Samsung other LG screen panels. Remaining ones use Sony and the rest. Samsung already manufactures LEDs here.

As usual Vedanta like.any other big mouthed company is blowing smoke.

lcd is a generic term. For the layman.
Are you sure Samsung makes led panels in India ?

 

[Arulmozhi Varman]

lcd is a generic term. For the layman.
Are you sure Samsung makes led panels in India ?

That's what they claim.