Vedanta to invest up to $20 billion in semiconductor business in India, roll out by 2025
NEW DELHI: Vedanta has earmarked $15 billion for foray into the electronic chip and display manufacturing space, and plans to scale up the investment to as much as $20 billion, a senior company official said.
"Semiconductor is a long-term business. We are looking at about $10 billion on display. Right now we are looking at $7 billion in semiconductors that may also go up by another $3 billion to further extend it. First 10 year we have engaged to invest up to $15 billion. We will evaluate further investment at a later stage," Avanstrate managing director Akarsh Hebbar told PTI.