Vedanta presumes semiconductor business can collect $3 billion annually

According to the documents presented at the Semicon West Industry conference in the United States recently by the diversified conglomerate Vedanta, it estimated the highest potential revenue from the semiconductor wafer and predicted manufacturing business at $3 billion.

Vedanta representatives said at the conference that the company would target 240,000 sheets per month for the integrated fab build with an investment of $12 billion and an estimated 50,000 Wafer Starts Per Month (WSPM) through the semiconductor factory.

Further, Vedanta will partner with the Taiwanese contract phone maker, Foxconn for its semiconductor business. As per Vedanta representative said in the conference, Foxconn runs three water fabs in Taiwan, Japan, and Malaysia in six and eight-inch categories. However, the semiconductor fab of Vedanta will be 300 millimeters (i.e. 12 inch) wafer, producer.

The global managing director of Vedanta’s display and semiconductor business, Akarsh Hebbar said that the company’s joint business would mainly focus on marketing the semiconductor wafers to smartphone manufacturers and appliances producers. Further, he added that they have started the preliminary talks with the customers and started developing MoUs with the buyers.

Officials present at the Semicon West Industry conference during Vedanta’s presentation said that the company has already started negotiations with the main suppliers for the semiconductor project such as lithography service providers,

Vedanta is strongly considering Talegaon which is near Pune for its advance $21 billion investment after several technical assessments of offers from five states including Gujarat and Karnataka.

On Tuesday, Maharashtra said in a statement that Talegaon has come up as the best option for the Vedanta – Foxconn business which will potentially develop over 2 lakhs jobs, and after many rounds of discussions between the Vedanta and government officials, things came out to be fruitful.

Vedanta – Foxconn’s interest is in a match with the state government’s target which is to produce 10,000 hi-tech electronics manufacturing clusters in Pune.

The Chief Minister of Maharashtra, Eknath Shinde said that for this aim, Vedanta with Foxconn can play an important role as the anchor investor and create the next silicon valley.

However, As Vedanta is moving carefully to sign a deal with Maharashtra for the semiconductor business, Karnataka and Tamil Nadu are also close competitors who can snatch the deal for the semiconductor factory under the government’s $10 billion incentive scheme

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