Vedanta eyes $3.5-bn turnover from chip biz
Earmarked $20 bn for semiconductor business
image for illustrative purpose
New Delhi: Vedanta Group expects its semiconductor business turnover to be in the range of $3-3.5 billion, out of which around $1 billion will come from exports, a senior official of the company said.
Vedanta Group's global managing director of display and semiconductor business Akarsh Hebbar told PTI that its JV partner Foxconn has all the agreements and required technologies in place to start making electronic chips.
Vedanta Foxconn JV is among three companies that have applied for setting up semiconductor manufacturing units in the country. Vedanta has also applied for setting up a display fabrication plant to make screens that are used for display in electronic devices.
"We expect our turnover to be in the range of $3-3.5 billion in the first phase which is by 2026-27. This will be from both display and semiconductor combined.
