Vedanta in process of tying up with world-class tech partner for semiconductor: Anil Agarwal

Vedanta chip manufacturing news update: Indian conglomerate Vedanta's Anil Agarwal on Friday outlined ambitious semiconductor manufacturing plans for India, saying that the global mining company has identified a world-class technology partner and is in the process of tying up with them, its Chairman Anil Agarwal said on Friday. "Vedanta is fully committed to build semiconductor and display fab. The kind of response we have got in Japan, Korea, America - the ecosystem will be built around Gujarat and we have signed 100s of MoUs for this purpose," he said.

Gujarat will emerge as semiconductor hub, he said, adding it "is right place for creating silicon valley of India". "For semiconductor we have identified world class partner, we have already identified a world class partner for technology and are in process of tying up with them," he said at SemiconIndia 2023. Vedanta Group too has made it clear that it remains committed to building India's first semiconductor and display fabs in Dholera Special Investment Region in Gujarat, and substantial progress has happened to tie up technology and equity partners in semiconductors.

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