David Reed Is Vedanta's CEO Of Semiconductor Business

Reed will be responsible for setting up the company's semiconductor assembling and testing unit in India.

Reed is a veteran in the semiconductor industry. ( Image: Getty )

Source : Getty

David Reed has been appointed the Chief Executive Officer of Vedanta's semiconductor business. Reed is a veteran in the semiconductor industry and he has worked with companies such as NXP, Global Foundries and Texas Instruments. Reed's appointment comes amid rumours of Vedanta Foxconn's joint venture (JV) struggling to partner for a production-grade technology license. 

He will be responsible for setting up a semiconductor assembling and testing unit as well as a state-of-the-art semiconductor fab unit in India. Vedanta had applied for incentives for setting up the wafer and display fabs under the Rs 76,000 crore semiconductor scheme announced by the Ministry of Electronics and IT.

A 35-year veteran in the semiconductor industry, David’s extensive international experience includes establishment of a complete semiconductor ecosystem with global execution of wafer fabrication, research and development, assembly and testing, total quality management and packaging and supply chain management.

“We are delighted to welcome David Reed to Vedanta,” Anil Agarwal, Chairman, Vedanta, said in a statement.

“He has played a pivotal role in shaping the entire global semiconductor industry. His expertise and experience will be an asset as we embark upon this critical journey with Foxconn to help create a sustainable domestic electronic manufacturing ecosystem in India, in line with Prime Minister Narendra Modi's vision of an Aatmanirbhar Bharat.”

“This venture is a watershed development for the global semiconductor industry, and I am excited to be part of it. I look forward to leading a diverse team of
highly talented and committed professionals and will work alongside them to bring this historic project to fruition," said David Reed.

To recall, in September 2022, Vedanta signed an MoU with the Gujarat government to set up the country's first semiconductor fab unit, a display fab unit and a semiconductor assembling and testing unit in the state. 

The company has recently signed MoUs with 30 Japanese companies for the development of India's semiconductor and display glass manufacturing ecosystem.