Noida: Media reports state that the country’s second semiconductor plant is likely to be set up in Uttar Pradesh to boost India’s growing capabilities as a manufacturing hub.
According to a report in The Times of India, CEO Darshan Hiranandani has confirmed the development saying that they have applied and are awaiting approval.
The group has plans to build a semiconductor scheme in Sector 28 of the Yamuna Expressway Industrial Development Authority (YEIDA).
Earlier in February, the company had signed a deal with the Yogi government in which it proposed an investment of Rs 17,000 crore.
Construction of India’s first semiconductor plant in Gujarat to begin in October
Vedanta Group is hoping to start construction of its Rs 1.5 lakh crore semiconductor plant in October-December this year and start production of electronic chips by the first half of 2027, senior company officials said on Tuesday.
Akash Hebber, global managing director, Vedanta Semiconductor & Display Business, and David Reid, CEO, Vedanta-Foxconn Semiconductors Ltd, in a joint interview with PTI said the group has submitted all technology tie-ups to the government and the bank will help finance the project cost. are comfortable In the ratio of 70 and 30 (from the company) after adjusting the subsidy.
“We plan to conduct the first shovel operation in the fourth quarter of this year. We are working on everything to generate revenue by 2027. We will start with 5,000 wafers in the first half of 2027. Then, we incrementally take that up to 40,000 wafers a month,” Reid said.
He added that the company will simultaneously make 28nm wafers as it will need the same equipment that works for 40nm.
A semiconductor plant comes out with a large semiconductor disc, which is then processed to make electronic chips.
Vedanta will also set up an OSAT (Outsourced Semiconductor Assembly and Test) plant that will process semiconductor wafers to make them usable by automobile and electronics companies.
“We are bringing tried and tested technology – 28nm, 40nm, the best for ICT devices, automobiles, smartphones, at prices that are just right. With semiconductors and displays, we Will make 60 per cent of each electronic equipment inside India. This is what will make it truly self-reliant… Atmanirbhar as our Prime Minister says,” Hebbar said.
The joint venture of Indian conglomerate Vedanta and electronics manufacturing giant Foxconn has finalized the Dholera Special Investment Region near Ahmedabad to set up its semiconductor and display manufacturing facility.
The Center is giving 50 per cent grant on the total cost of the project.
“These will all lead to downstream, such as OSAT or module plants. This will bring about 150 companies from the US, Japan, Korea, Taiwan as part of the upstream ecosystem, supply chain base,” Hebber said. Said.
He said the chip production would bring thousands of micro, small and medium businesses to make their own mobile phones as happened in China.
“The market in India is conducive for this kind of ecosystem to create the next Silicon Valley. You will see GDP multipliers of 21 to 23 times. You will actually see that we are going from a developing nation to a developed nation. These ecosystems of mechanisms,” Hebber said.
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