# Vedanta to take over Foxconn chip joint venture from holding company

Vedanta Ltd will take over from its holding company Volcan Investments the ownership of a joint venture with Foxconn that was set up to make semiconductors, as well as a display glass manufacturing venture.

- Type: Acquisition
- Announced: 2023-07-07
- Where: India
- Status: announced
- Products: semiconductors, display glass
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Vedanta](https://endata.com/companies/10003.md) (acquirer)
- [Foxconn](https://endata.com/companies/15170.md) (partner)
- [Volcan Investments](https://endata.com/companies/71309.md) (partner)
- [Twin Star Technologies Limited](https://endata.com/companies/71311.md) (target)
- [Vedanta Foxconn Semiconductors Private Limited](https://endata.com/companies/71312.md) (target)
- [Vedanta Displays Limited](https://endata.com/companies/71313.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/markets/deals/indias-vedanta-take-over-foxconn-chip-jv-holding-co-2023-07-07/), 2023-07-07: "India's Vedanta to take over Foxconn chip joint venture from holding company"
- [gadgets360.com](https://www.gadgets360.com/laptops/news/vedanta-take-over-foxconn-semiconductor-joint-venture-twin-star-technologies-4188039), 2023-07-07: "Vedanta is committed to making India self-reliant in electronics. This is the beginning of the creation of a Silicon Valley in India, a cutting edge and world class electronics ecosystem."

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