The Vedanta-Foxconn joint venture (JV) has resubmitted its application to the government for setting up a semiconductor fabrication plant in India. According to industry sources, the new application is for 40 nanometer (nm) node technology. The government reopened the application window for the Rs 760 billion semiconductor manufacturing incentive scheme in May 2023.
Last year, Vedanta applied for 28 nm node initially, but the JV is now interested in pursuing 40 nm nodes as well. This is in line with the government’s strategy to encourage mature nodes of more than 40 nm.
Vedanta has also finalised the land parcel in Gujarat for setting up the fabrication plant and has been looking to onboard global talent.
