Vedanta Group recently revealed that its 28nm 12-inch wafer fab jointly built with Foxconn Technology Group is planned to be put into operation in 2025. The initial output will be 40,000 wafers per month, and full-speed production will begin in 2026.

According to reports, the joint venture company signed a memorandum of cooperation with the local government of Gujarat province, and will invest about US$20 billion to set up a factory there. The first phase is scheduled to be 400 acres of factory area, and will produce semiconductor chips and display glass in the first phase.