Vedanta, the Indian mining giant, has signed contracts with multiple Japanese companies to enhance its semiconductor business. This move is part of Vedanta's strategy to expand its presence in the semiconductor and liquid crystal production sector in India.
The specific details regarding the contract signings have not been disclosed. Additionally, Vedanta has reached an agreement with Hon Hai Precision Industry Co., Ltd. to establish a semiconductor plant in Gujarat, India. The plant is expected to commence operations in either 2025 or 2026.