Vedanta picks David Reed as CEO of its Gujarat semiconductor business

Reed began his career at Texas Instruments in 1984, where he served for 26 years

Vedanta
BS Web Team New Delhi
2 min read Last Updated : Feb 07 2023 | 10:55 AM IST
Vedanta Ltd on Monday announced the appointment of David Reed as the Chief Executive Officer (CEO) of its semiconductor business. He will be responsible for setting up a semiconductor fab unit in India, a report in the Economic Times (ET) said. The unit will also carry out assembly and testing of the chips. 

Before this, Reed was at NXP Semiconductors and GlobalFoundries as executive vice president and general manager of global operations. 

In 2015, Reed moved to NXP as a part of the company's merger with American Freescale Semiconductor. He served as the vice president and general manager of GlobalFoundries before that. 

Reed began his career at Texas Instruments in 1984, where he served for 26 years.

"This venture is a watershed development for the global semiconductor industry, and I am excited to be part of it," said Reed in a statement.

Vedanta said that Reed's 35 years of international experience includes the 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.

Anil Agarwal-led Vedanta had 2022 announced a $20-billion semiconductor joint venture with Taiwan's Foxconn in Gujarat.

From $15 billion in 2020, India's semiconductor market is estimated to reach $63 billion by 2026. Most of the world's chip output is limited to a few countries like Taiwan, South Korea and the US. 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Vedanta semiconductorsemiconductor industryFoxconnGujaratBS Web Reports

Next Story