# Vedanta Group to invest $7-8B in first semiconductor facility with Foxconn

Vedanta Group will invest $7-8 billion to set up its first semiconductor facility as a joint venture with Foxconn, with Vedanta holding 60% and Foxconn 40%. Another $3-4 billion will be invested in a display fab. The JV will manufacture 28 nm chipsets.

- Type: Investment
- Announced: 2022-02-18
- Where: India
- Value: $8.00B
- Status: announced
- Products: semiconductors (28 nm chipsets), displays
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [thehindubusinessline.com](https://www.thehindubusinessline.com/info-tech/vedanta-group-to-invest-7-8-billion-to-set-up-first-semiconductor-facility/article65062878.ece), 2022-02-18: "We will invest $15 billion in the ecosystem in the 10-15 year plan."

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