Vedanta-Foxconn joint venture plans $20 billion semiconductor fab in Gujarat faces funding snag

Vedanta and Foxconn's joint venture to build a $20 billion semiconductor fabrication plant in Gujarat, India, is struggling to find private backers, with large investment funds passing on the investment. The project includes a chip fab, display fab, and assembling unit.

“In September, Indian commodities conglomerate Vedanta announced that it had reached an agreement with the government of India’s Gujarat state to build a $20 billion semiconductor fabrication plant.”aibusiness.com

• 1 source
• aibusiness.comIndia’s Plans for First Chip Factory Hit a SnagDeborah YaoDec 21, 2022

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