+
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

Related Stories

Gold Stories

Next Story
Resources

Isprava Appoints Sanjay Sethi as Strategic Advisor

Isprava Group has appointed Dr Sanjay Sethi as Strategic Advisor to the business, with a focus on Lohono Stays and Isprava Hospitality.Sethi brings more than 37 years of experience across hospitality operations, development, ownership, strategic growth and capital markets. He will work closely with the Group on strategy, growth and the development of its hospitality business.The appointment comes as Isprava Group expands its integrated ecosystem spanning luxury homes, hospitality, private membership and end-to-end homeowner services.Nibhrant Shah, Managing Director & Co-CEO, Isprava Group, sai..

Next Story
Infrastructure Energy

SunBridge BioEnergy Starts Ethanol Production in Seoni

SunBridge BioEnergy, the bioenergy arm of SunBridge Group, has commenced commercial production at its grain-based fuel-grade ethanol manufacturing facility in Seoni, Madhya Pradesh. The Seoni plant has a production capacity of 300 kilolitres per day and a storage capacity of 11,000 kilolitres. Spread across approximately 117,560 sq m, the facility marks SunBridge BioEnergy’s entry into commercial ethanol production. The company is also expanding its ethanol portfolio with a 400 KLD facility in Raipur, Chhattisgarh, which is expected to become operational soon. Once commissioned, SunBridge ..

Next Story
Infrastructure Urban

Petros Stone Unveils Bastar Art Furniture Collection

Petros Stone LLP has unveiled a new collection of collectible furniture combining Bastar art with Indian natural stone in collaboration with Inch Studio at India Design ID Mumbai 2026. The collection, being showcased from October 9-11 at Jio World Garden, BKC, Mumbai, brings together indigenous craftsmanship and natural stone to create limited-edition pieces for contemporary interiors. The designs combine the sculptural and handcrafted character of Bastar art with natural stone selected, cut, shaped and finished by Petros Stone’s processing teams. Developed with Inch Studio, the collection..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code