Vedanta selects Gujarat to build its semiconductor and display fab units

Vedanta, an oil and gas and metal company forays into semiconductor high-tech manufacturing by signing memory of understanding with government of Gujarat to set up semiconductor and display fab units. Below is the release shared by the company: In a major step towards making India self-sufficient in the critical area of semiconductors and displays in line with Hon. Prime Minister Shri Narendra Modi’s bold vision to make India aatmanirbhar in key futuristic technologies, Vedanta today signed two Memorandum of Understanding (MoUs) with the Government of Gujarat to set up a semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit in Ahmedabad district of the state. The MoU signing ceremony was attended by Union Minister Shri Ashwini Vaishnav, Gujarat Chief Minister Shri Bhupendrabhai Patel, Principal Secretary Shri Sanjay Prasad, Vedanta Group Chairman Anil Agarwal, Vedanta’s Global Managing Director, Display and Semiconductors, Akarsh Hebbar and a host of other dignitaries. The project will attract electronics ecosystem players across the value chain entailing manufacturers of highly sophisticated and sensitive equipment, materials (high purity Gases, chemicals, wafers, photomasks), equipment service providers etc., and will put the state of Gujarat on the global silicon map. The project envisages total investment of Rs 1,54,000 crore, and...