# Vedanta-Foxconn JV to build India's first semiconductor plant in Gujarat

Vedanta and Foxconn will invest Rs 1.54 lakh crore to set up a semiconductor fab, display fab, and assembly/testing unit on 1000 acres in Ahmedabad district, Gujarat. Production is expected to start in two years.

- Type: New facility
- Announced: 2022-09-13
- Where: Ahmedabad district, Gujarat, India
- Value: $1.93B (154.0B INR)
- Jobs: 100,000
- Starts operating: 2024
- Status: announced
- Capacity: 40,000 wafers per month
- Products: semiconductor chips, display panels
- 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)
- [Hon Hai Technology Group (Foxconn)](https://endata.com/companies/65386.md) (partner)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/vedanta-foxconn-to-invest-rs-1-54-lakh-cr-in-indias-first-chip-factory/articleshow/94179082.cms), 2022-09-13: ""The plant will start production in two years," Vedanta chairman Anil Agarwal told PTI after signing the memorandum of understanding (MoU) with the Gujarat government."
- [newindianexpress.com](https://www.newindianexpress.com/business/2022/Sep/13/vedanta-foxconn-to-invest-rs-154-lakh-crore-to-set-up-semiconductor-ecosystem-in-gujarat-2497833.html), 2022-09-13: ""It is a step in the right direction for Gujarat helping towards building a one trillion-dollar digital national economy," said Electronics and Information Technology minister Ashwini Vaishnaw."
- [bbc.co.uk](https://www.bbc.co.uk/news/62873520), 2022-09-14: "India's own Silicon Valley is a step closer now."
- [bbc.com](https://www.bbc.com/news/62873520), 2022-09-14: "India's own Silicon Valley is a step closer now."
- [eenewseurope.com](https://www.eenewseurope.com/en/foxconn-indian-fab-venture-selects-gujurat-for-location/), 2022-09-19: "We are delighted to announce that Gujarat will be the location for our display and semiconductor fab ventures."
- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/city/ahmedabad/vedanta-foxconn-to-establish-chip-plant-at-gujarats-dholera-minister-rajeev-chandrasekhar/articleshow/94927855.cms), 2022-10-17: "The joint venture entity has agreed with the Gujarat government that they will be based in Dholera, and the premise is that it will be the first semiconductor fab of India."
- [circuitdigest.com](https://circuitdigest.com/news/vedanta-foxconn-jv-to-produce-40000-wafers-per-month-for-the-indian-market), 2022-10-20: "the joint venture between Vedanta and Foxconn is expected to manufacture 12-inch wafers using the 28-nanometer process as early as 2025 at its new semiconductor factory in Gujarat."

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