Vedanta-Foxconn filed new application for semiconductor plant, now work will be done on this technology

Vedanta has confirmed the resubmission of the application in a media report. According to the company, the application has been submitted as per the revised guidelines. We are all set to make world class fab in India.

A day ago there were speculations that there was a rift in the relationship between Vedanta and Foxconn. The relationship between the two can end at any time. Foxconn has started looking for a new partner. Now the news that has come out has put all these speculations to rest. Vedanta-Foxconn Venture has filed a new semiconductor application with the government under 40-nanometer Note technology. The meaning is clear that everything is going well for both of them so far. Vedanta has confirmed the resubmission of the application in a media report. According to the company, the application has been submitted as per the revised guidelines. We are all set to make world class fab in India.

Now applied on 40 nm

Last year, Vedanta initially applied for the 28 nm node. But now Vedanta Foxconn Semiconductor JV is showing interest in pursuing 40 nm nodes as well. This is in line with the government's strategy to encourage mature nodes above 40 nm. David Reid, CEO of Vedanta Foxconn Semiconductor, earlier told Business Today that some people say that you do not have 3 nm which is equal to the size of any human DNA. I saw an article yesterday on 1.5 nm and you know it is equal to the size of a sugar molecule. We need to make chips of 55 nm, 90 nm, 65 nm.

Serious on Vedanta Semiconductor Manufacturing

Vedanta is seriously working on semiconductor manufacturing plans, and apart from finalizing the land in Gujarat to set up the plant, the company is looking to bring in global talent. The JV has appointed David Reed as the CEO of the Vedanta Foxconn Semiconductor joint venture, which has already hired some industry experts on its team.

Vedanta holds 67 per cent stake in the JV.

The development comes amid reports that Foxconn is meeting big Indian business houses to find a new partner for its semiconductor business. In the current arrangement, Vedanta is leading the JV with 67 per cent stake. Earlier there were reports that the concerned ministry wanted Foxconn to take the lead. However, Vedanta has dismissed these rumours. On June 1, India re-opened applications for semiconductor plants. Has started accepting and evaluating new applicants. The government has asked the existing applicants to apply afresh and also to forward the matured nodes.