').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
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
Topics
Vedanta | semiconductor | semiconductor industry
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.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Tue, February 07 2023. 10:55 IST
RECENT NEWS
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more