Vedanta Foxconn project is on track

Vedanta Foxconn is currently awaiting approval from the Indian government and expects to kickstart the sale of its semiconductor chips in late 2027.

Plans are ready. Details on setting up the manufacturing facility, awarding contracts to suppliers, putting the team of people have all been worked out. Funding has also been planned. The application is in process right now and approvals are awaited.

The Dholera factory in Gujarat will have a production capacity of 40,000 wafers a month. The factory is being designed for 28-nanometre chips, but they will start with 40 nm chips. Equipment installation will commence H2 2026. The wafer revenues are expected to roll in by 2027.

An investment of $8.6 billion is anticipated, equipment being $5.7 billion, the building another $1.0 billion, and then the people. The vendor is planning on bringing experts from Korea, Japan, Taiwan, Singapore, Malaysia, Indonesia, US, Germany and England, on the same pattern as China and Taiwan when they set up their respective facilities.

CT Bureau