# 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.

- Type: Investment
- Announced: 2022-09-13
- Where: Ahmedabad district, Gujarat, India
- Value: $20.0B
- Jobs: 100,000
- Status: announced
- Products: semiconductor chips, display glass
- 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

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/business/india-business/vedanta-foxconn-to-jointly-invest-rs-1-5-lakh-crore-in-gujarat/articleshow/94176327.cms), 2022-09-13: "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."

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