Vedanta says semiconductor business can rake in $3 billion annually

Diversified conglomerate Vedanta has projected peak annual revenue potential from its semiconductor wafer and display manufacturing businesses at $3 billion, according to documents it presented at the Semicon West industry conference in the United States recently.

Vedanta executives said at the conference that the company would target volumes of 240,000 sheets a month for its integrated display fab built at a $12 billion investment, and about 50,000 Wafer Starts Per Month (WSPM) from the semiconductor factory.

Vedanta said it would partner with Taiwanese contract phone maker Foxconn for its semiconductor foray. Foxconn, Vedanta said in the presentation, runs three wafer fabs in the six- and eight-inch category in Taiwan, Japan, and Malaysia.