# Vedanta and Foxconn to set up semiconductor manufacturing plant in India

Vedanta chairman Anil Agarwal announced that the company, in partnership with Foxconn, will set up a semiconductor manufacturing plant in India within the next two years. The joint venture will see Vedanta hold majority equity, with Foxconn as minority shareholder.

- Type: Partnership
- Announced: 2022-04-13
- Where: India
- Value: $118.7M
- Status: announced
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [thehansindia.com](https://www.thehansindia.com/business/vedanta-foxconn-setting-up-semiconductor-plant-737805), 2022-04-12: "Vedanta chairman Anil Agarwal on Tuesday said that the company in partnership with Foxconn will set up a semiconductor manufacturing plant in the next two years."
- [cmrindia.com](https://cmrindia.com/vedanta-foxconn-tie-up-to-establish-semiconductor-chip-manufacturing-in-india/), 2022-05-02: "The Vedanta Group, headed by Anil Agarwal, has partnered with the Taiwan-based tech mogul Foxconn to start manufacturing chips in India."

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