# 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.

- Type: Investment
- Announced: 2022-12-21
- Where: Gujarat, India
- Value: $20.0B
- Status: announced
- Products: semiconductors, displays
- 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

- [aibusiness.com](https://aibusiness.com/verticals/india-s-plans-for-first-chip-factory-hit-a-snag), 2022-12-21: "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."

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