Vedanta and Foxconn to invest $20B in semiconductor fabs in Gujarat

Vedanta and Foxconn signed an MoU with the Gujarat government to invest $20 billion (Rs 1.5 lakh crore) to set up semiconductor and display fabrication plants near Ahmedabad. The initial phase of $10 billion over three years aims to create 100,000 direct jobs.

“Vedanta-Foxconn signed a Memorandum of Understanding (MoU) with the government of Gujarat on Tuesday, to set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit in Ahmedabad district.”timesofindia.indiatimes.com

• 1 source
• timesofindia.indiatimes.comVedanta Foxconn Deal: Vedanta, Foxconn to jointly invest Rs 1.5 lakh crore in Gujarat | India Business News - Times of IndiaNiyati ParikhSep 13, 2022

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