# Vedanta and Foxconn form JV to make semiconductors in India

Vedanta and Foxconn (Hon Hai Technology Group) signed an MOU to form a joint venture to manufacture semiconductors in India, with Vedanta holding majority equity and Anil Agarwal as chairman.

- Type: Partnership
- Announced: 2022-02-14
- Where: India
- Status: announced
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Vedanta](https://endata.com/companies/10003.md) (partner)
- [Foxconn](https://endata.com/companies/15170.md) (partner)

## Sources

- [fortuneindia.com](https://www.fortuneindia.com/enterprise/vedanta-foxconn-jv-to-make-semiconductors-in-india/107120), 2022-02-14: "Vedanta will hold the majority of the equity in the JV, while Foxconn will be the minority shareholder."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.