Vedanta’s made-in-India chip in 2.5 yrs

Gandhinagar: Vedanta group chairman Anil Agarwal on Friday said that first phase of its semiconductor project will involve $5 billion investment of the overall $20-billion outlay, and the venture will be ready with made-in-India chip in two-and-a-half years.

Vedanta is talking to three companies to rope them in as technology partners for its mega plans entailing foundary, chip manufacturing, and packaging and design. “In 2.5 years, we will give you Vedanta made-in-India chips,” Agarwal told reporters on the sidelines of SemiconIndia 2023 event.

The first phase of its semiconductor investment will be to the tune of $5 billion, which is being structured.