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Vedanta Aluminium launches Vedanta Metal Bazaar, largest online superstore for aluminium products
Vedanta Metal Bazaar sells over 750 aluminium products online, positioning it as a game-changing new offering within India’s aluminium landscape.Read more
Israel's Tower Semiconductor proposes $8 bn chip plant in India
The company aims to produce 65 nanometre and 40 nanometre chips, applicable in various sectors such as automotive and wearable electronics.Read more
Vedanta greenlights Rs 3,400 cr NCDs raise for capital structure enhancement
Last week, Vedanta Resources (VRL), the UK-headquartered parent company of the Vedanta group, announced securing a USD 1.25-billion loan from private lenders to refinance a portion of its $3.2-billion debt maturing in 2024 and 2025.Read more
CG Power seeks approval for $791 mn semiconductor facility in India
The company relayed this information through a statement to the stock exchange, indicating the submission of the application to the Ministry of Electronics and Information Technology.Read more
Vedanta accelerates steel asset sale, focuses on core mining in restructuring move
Recently, Vedanta announced plans to restructure its operations, creating separate commodity-focused entities to strengthen its financial position.Read more
Reliance Industries explores entry into Semiconductor Manufacturing
At present, the names of the foreign chip manufacturers involved in these discussions remain undisclosed. The decision to invest in semiconductor manufacturing has not been finalised.Read more
Foxconn, STMicroelectronics collaborate for Semiconductor Factory in India
By collaborating with STMicro, Foxconn, a contract manufacturer, is leveraging the expertise of a semiconductor industry pioneer to expand its presence in the highly competitive but challenging semiconductor sector.Read more
India's chip-making prospects unfazed as AMD and Vedanta Forge Ahead
It was revealed that the first phase of Vedanta's chip-making project would be completed within two-and-a-half years.Read more
Chips are up!
Over the past decade, the Indian electronics hardware industry has witnessed significant growth and transformation with rising manufacturing and export volumes. India's share in the global electronics industry has increased significantly, rising from 1.3 per cent in FY12 to 3.75 per cent in FY22. Read more
Vedanta appoints 34-yr industry veteran for semiconductor business in India
Mike Young is appointed as Senior Vice President, Project Management Office and Manufacturing Operations for Vedanta-Foxconn Semiconductors Limited. Mike is the former CEO of SSMC and X-Fab Sarawak.Read more
