SeaMermaid
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Vedanta appoints David Reed as CEO of global semiconductor business
Vedanta and Taiwan's Foxconn will invest $19.5 billion to set up semiconductor and display production plants in Gujarat.
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In September 2022, Vedanta signed an MoU with Gujarat government to set up India's first semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit in the state.
Vedanta and Taiwan's Foxconn will invest $19.5 billion to set up semiconductor and display production plants in Gujarat.
The investment of ₹1.54 lakh crore, which Gujarat said was the largest ever by any group in an Indian state. The companies had also said that the Vedanta-Foxconn joint venture project will create over 100,000 jobs in Gujarat.
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