Vedanta-Foxconn chip JV to generate sales by FY27
Mint Mumbai|April 19, 2023
Akarsh Hebbar, managing director of Vedanta's semiconductor and global display business, said the equity structure of the venture would not change and that they had inked an agreement with a technology partner for the semiconductor fab unit
Gulveen Aulakh, Subhash Narayan & Abhijit Ahaskar
Vedanta-Foxconn chip JV to generate sales by FY27

The top executives clarified that the equity structure of the venture would not change and that they had inked an agreement with a technology partner for the semiconductor fab unit. The joint venture is awaiting government approval for the $20 billion project and aiming to order equipment for the plant by the end of FY24. Edited excerpts:

What sort of timeline are you looking at for semiconductor manufacturing and revenue?

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