Vedanta going to rule semiconductor industry
1) We all know in last year all the automobile industry are stunned due to shortage in semiconductor chips. Because of this all the major auto stocks like TATAMOTOR , MARUTI SUZUKI etc are plunged almost 20%.
2) Like everyone i was eagerly waited for the announcement that ,"either Adani or Ambani or Tata's are going to enter in the semiconductor space"
3) But unexpectedly oil to metal conglomerate "Vedanta" announced the investment of nearly $20 billion dollar in india.
4) The above investment are into two units
Chip manufacturing and Display manufacturing.
5) Next month i.e in June they are going to announce offically , in which states ( Talks are going on with several state governments for location) and how much capital they are going to invest.
5) Vedanta chairman said , "As EV industry growing rapidly, the demand of semiconductor chips are also going to increase. We are going to capitalise it ". Foxconn is our technology partner.
6) Now Vedanta shares are trading at rupees 323, there is a chance of becoming a monopoly in semiconductor manufacturing in india , so by considering this we can take a little bit of position in this shares for future.
Source material : Live mint
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