Vedanta share price jumps as firm signs MoU with Taiwanese company to set up India's first semiconductor plant in THIS state
India's first semiconductor plant: Vedanta share price rose more than two and half per cent in weak market as the company entered into an agreement with a Taiwanese electronics manufacturing firm to set up India's first semiconductor plant in Gujarat
![Vedanta share price jumps as firm signs MoU with Taiwanese company to set up India's first semiconductor plant in THIS state Vedanta share price jumps as firm signs MoU with Taiwanese company to set up India's first semiconductor plant in THIS state](https://cdn.zeebiz.com/ads/placeholder_image-zeebiz.jpg)
Vedanta share price rose more than three and half per cent in weak market as the company entered into an agreement with a Taiwanese electronics manufacturing firm to set up India's first semiconductor plant in Gujarat.
Reacting to the development Vedanta share price jumped around 3.5% to Rs 287.25 per share in early trade on the BSE.
Apparently Vedanta and Taiwanese electronics manufacturing giant Foxconn will make one of the largest ever investments of Rs 1.54 lakh crore in setting up India's first semiconductor plant in Gujarat, as per news agecny PTI
The 60:40 joint venture of Vedanta-Foxconn will set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit on a 1000-acre land in the Ahmedabad district.
"The plant will start production in two years," Vedanta chairman Anil Agarwal told PTI after signing the Memorandum of Understanding (MoU) with the Gujarat government on Tuesday.
Semiconductor chips, or microchips, are essential pieces of many digital consumer products - from cars to mobile phones and ATM cards. The Indian semiconductor market was valued at USD 27.2 billion in 2021 and is expected to grow at a healthy CAGR of nearly 19 per cent to reach $64 billion in 2026. But none of these chips is manufactured in India so far.
A massive shortage in the semiconductor supply chain last year affected many industries, including electronics and automotive.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-new-vs-old-tax-regime-slabs-calculator-what-will-be-your-tax-liability-on-inr-rs-560000-925000-1375000-1900000-annual-salary-80c-deductions-nps-tier-i-deposit-standard-dedcutin-rebate-fy2425-fy2526-revised-347581](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353598-7th-pay-commission-salary-calculator-2.jpg?itok=DxRDc5do)
Income Tax Calculations: How much tax will you pay on annual incomes of Rs 5.6 lakh, Rs 9.25 lakh, Rs 13.75 lakh, and Rs 19 lakh in old and new tax regimes?
![https://www.zeebiz.com/personal-finance/photo-gallery-retirement-corpus-mutual-fund-lump-sip-one-time-investment-planning-calculator-calculations-how-inr-rs-1000000-deposit-can-create-rs-30000000-fund-in-30-years-power-of-compounding-347205](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/14/353193-salary-da-calculator.jpg?itok=-EhQme5U)
Retirement Planning: How one-time investment of Rs 10,00,000 can create Rs 3,00,00,000 retirement corpus
![https://www.zeebiz.com/personal-finance/photo-gallery-employees-pension-calculation-what-will-be-your-monthly-pension-with-rs-35000-salary-25-years-of-service-age-33-retirement-corpus-epf-eligibility-benefits-income-formula-347502](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/17/353507-eps-1.jpg?itok=QiOr5Wja)
EPS Pension Calculation: Estimate your monthly pension with Rs 35,000 salary, 25 years of service & age 33
![https://www.zeebiz.com/personal-finance/photo-gallery-sbi-latest-fd-interest-rates-know-what-psu-bank-is-giving-to-senior-citizens-and-others-on-rs-1-lakh-investment-in-1-year-3-yearand-5-year-tenure-state-bank-of-india-interest-rate-calculator-online-347620](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/18/353639-add-a-heading-18.jpg?itok=0sPMgPTL)
SBI FD Rates - Know what PSU bank is giving to senior citizens and others on Rs 1 lakh investment in 1-year, 3-year, and 5-year tenure
![https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-sip-mutual-fund-retirement-corpus-planning-calculator-how-many-years-it-will-take-to-reach-inr-rs-80000000-with-7000-11000-and-16000-monthly-investment-market-linked-return-346156](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2025/02/11/352047-poc-cover-2.jpg?itok=Fa26qSfi)
Power of Compounding: How long it will take to build Rs 8 crore corpus with Rs 7,000, Rs 11,000 and Rs 16,000 monthly investments
11:03 AM IST