Vedanta-Foxconn expect new semiconductor factory breakeven in five years
Technology

Vedanta-Foxconn expect new semiconductor factory breakeven in five years

The Vedanta-Foxconn JV hopes to break even in the following four to five years after signing an MoU with Gujarat for India's first $20 billion semiconductor and display fabrication (fab) project close to Ahmedabad. According to reports, the project's first phase will cost $10 billion and take two to three years to complete. In four to five years, the JV wants to reach break-even. In accordance with the MoU, Vedanta Semiconductors would invest Rs 600 billion to build an OSAT facility and an integrated semiconductor fab unit, while Vedanta Displays will contribute Rs 945 billion to build a display fab unit. Together, the two MoUs will bring in more over Rs 1.54 trillion in investment, creating about 100,000 direct jobs in the state.

Also read:
Vedanta, Foxconn enter JV for semiconductor project in Gujarat
Sterlite’s Serentica Renewables to build RE projects serving C&I consumers

The Vedanta-Foxconn JV hopes to break even in the following four to five years after signing an MoU with Gujarat for India's first $20 billion semiconductor and display fabrication (fab) project close to Ahmedabad. According to reports, the project's first phase will cost $10 billion and take two to three years to complete. In four to five years, the JV wants to reach break-even. In accordance with the MoU, Vedanta Semiconductors would invest Rs 600 billion to build an OSAT facility and an integrated semiconductor fab unit, while Vedanta Displays will contribute Rs 945 billion to build a display fab unit. Together, the two MoUs will bring in more over Rs 1.54 trillion in investment, creating about 100,000 direct jobs in the state. Also read: Vedanta, Foxconn enter JV for semiconductor project in Gujarat Sterlite’s Serentica Renewables to build RE projects serving C&I consumers

Next Story
Infrastructure Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Next Story
Real Estate

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

Next Story
Infrastructure Urban

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?