Gujarat government and Vedanta group sign MoU to set up semiconductor unit

The Gujarat government and mining giant Vedanta group have signed a memorandum of understanding (MoU) as a part of which the company will invest more than Rs 1.54 lakh crore in the state to set up a semiconductor and display fabrication unit, the state government said in a statement on Tuesday.

“The proposed semiconductor manufacturing fab unit will operate on the 28nm technology nodes with wafer size 300 mm; and the display manufacturing unit will produce Generation 8 displays catering to small, medium and large applications,” a joint statement released on Tuesday read.