Vedanta set for $15-billion play in semiconductor, display unit ventures

Anil Agarwal-led Vedanta Group is getting ready for two separate ventures that may see investments worth $15 billion in chip and display manufacturing space in India. One will be with Hon Hai Technology Group (also known as Foxconn) to  manufacture 28-nano meter semiconductor chips based on a technology developed by the Taiwanese multinational. The other venture is meant for a display manufacturing unit.

For the display venture, the company is in talks with at least seven global majors including LG, Sharp and Japan Display for a potential technology or equity partnership.

There will be two separate special purpose vehicles (SPVs), according to