Vedanta announced the appointment of David Reed as the Chief Executive Officer of its semiconductor business — responsible for setting up a semiconductor fab unit and semiconductor assembling and testing unit.
Vedanta is planning an investment of $20 billion for its semiconductor project in Gujarat in association with Taiwan’s Foxconn.
David Reed was formerly with NXP Semiconductors, where he was Executive Vice President and General Manager of global operations. David Reed moved to NXP as part of the merger with Freescale Semiconductor, where he had served as Senior Vice President for manufacturing operations.
Previously, David Reed was Vice President and General Manager at GlobalFoundries. He began his career at Texas Instruments in 1984, where he served for 26 years in a variety of leadership roles across the world.
David Reed received his undergraduate degree from Austin College, an undergraduate degree in Chemical Engineering from Texas A&M University and an MBA from the University of Dallas.
In September 2022, Vedanta signed an MoU with Gujarat government to set up India’s first semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit in the state.
Vedanta has recently signed MoUs with 30 Japanese companies for development of India’s semiconductor and display glass manufacturing ecosystem.
Vedanta group company AvanStrate Inc. is a pioneer in the development and manufacture of LCD glass substrates used in televisions, computers, mobile phone, and automotive displays. Headquartered in Tokyo, the company has operations in Korea and Taiwan.