Vedanta building core team for semicon biz with string of senior appointments

Date: 25/05/2023
Vedanta, metallurgy-based industrial and engineering Conglomerate based out of India is entering semiconductor fabrication business in partnership with Taiwan-based electronics manufacturing expert Foxconn. The new company called Vedanta-Foxconn semiconductor Ltd (VFSL) plans to build semiconductor fab in Gujarat of India. It has announced series of hirings for senior positions heading this business. In the month of February 2023, VFSL appointed David Reed as CEO of this business.

vfsl executives

David was formerly with NXP Semiconductors, where he was Executive Vice President and General Manager of global operations. He moved to NXP as part of the merger with Freescale Semiconductor, where he had served as Senior Vice President for manufacturing operations. Previously, David was Vice President and General Manager at GlobalFoundries. He began his career at Texas Instruments in 1984, where he served for 26 years in a variety of leadership roles across the world. He received his undergraduate degree from Austin College, an undergraduate degree in Chemical Engineering from Texas A&M University and an MBA from the University of Dallas.

With David as CEO, VFSL started hiring more senior executive talent.

VFSL appointed Lawrence (Wong Chee Yoong) as Senior Director – Human Resources in April 2023.

In this month of May 2023, VFSL appointed Terry Daly as Advisor for its semiconductor business. He will be responsible for providing strategic counsel and inputs in building the wafer fab unit and semiconductor assembling and testing unit.

"We are pleased to welcome Terry Daly to our team," said David Reed, CEO, VFSL. "As an industry veteran, Terry brings a vast wealth of knowledge and experience in managing several workstreams that are critical for establishing a world-class semiconductor fab."

"India has a generational opportunity to become part of the global semiconductor supply chain and provide geographic diversification to its customers, supply chain resiliency to its partners, and job creation opportunities to its extremely talented population," said Terry Daly. "I am very impressed by the unique, complementary partnership that Vedanta and Foxconn bring to the opportunity to establish India's first commercial semiconductor fab."

Terry joins Vedanta from his post as an independent consultant in the microelectronics industry. His career assignments include GlobalFoundries, where he was Senior Vice President, holding positions as head of strategy and corporate development, chief of staff, and head of corporate program management. He was instrumental in establishing a strategic alliance on advanced technology with Samsung and in the acquisition of IBM's microelectronics business.

Prior to that, Terry spent 26 years at IBM, the majority in its semiconductor division, where he held executive roles in business management, finance, manufacturing operations, program management, and strategy. Before joining IBM, he spent five years as an officer in the United States Army.

He is a Distinguished Graduate with a bachelor's degree in engineering from the U.S. Military Academy at West Point and holds a master's degree in international relations from the Fletcher School of Law and Diplomacy, Tufts University.

VFSL also appointed Mike Young as Senior Vice President, Project Management Office and Manufacturing Operations, where he will oversee execution of manufacturing and operational processes.

Before joining VFSL, Mike Young was CEO of Systems on Silicon manufacturing company, earlier to that he was with X-FAB UK, STMicroelectronics, Siemens, Atmel, and Plessey Semiconductors

Mike Young holds a master's degree in Microelectronics Engineering from Middlesex University, UK, and a bachelor's degree in Physics from Aston University, UK.

“Mike will play a critical role in establishing best-in-class semiconductor manufacturing processes and operations,” said David Reed, CEO, VFSL.

“The global semiconductor industry is projected to reach a trillion dollars in the coming decade, and India is at the cusp of becoming a major semiconductor player,” said Mike Young

VFSL said it continues to build a team of highly experienced personnel to be part of its semiconductor business.

Author: Srinivasa Reddy N
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