Vedanta Welcomes David Reed as CEO of its Semiconductor Business

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With 35 years of experience on multiple boards in the global semiconductor industry, David will work to set up a state-of-the-art fab unit

Global natural resources and technology conglomerate Vedanta recently announced the appointment of David Reed as the Chief Executive Officer of its semiconductor business. The company noted that he will be responsible for setting up a state-of-the-art semiconductor fab unit and semiconductor assembling and testing unit.

Calling him a 35-year veteran in the semiconductor industry, Vedanta mentioned Mr David’s extensive international experience including 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.

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In a career spanning several geographies such as Germany, Japan, Singapore, the U.S., Italy and the Philippines, he has established a reputation for growing the business, increasing revenues, delivering shareholder values, executing joint ventures and building winning teams, the company added further.

Previously, Reed worked with NXP Semiconductors as the executive vice president and general manager of global operations. The company mentioned that he moved to NXP as part of the merger with Freescale Semiconductor, where he had served as senior vice president for manufacturing operations. In the past, Reed also served as VP & GM at GlobalFoundries.

Alumni of Austin College, Reed completed his undergraduate degree in Chemical Engineering from Texas A&M University. He also received an MBA degree from the University of Dallas. He began his career at Texas Instruments in 1984, where he served for 26 years in a variety of leadership roles across the world.

Delighted to welcome David Reed to Vedanta, Chairman Anil Agarwal remarked, “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.”

The newly-appointed CEO, David Reed commented, “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.”

Vedanta signed an MoU with the Gujarat government last year, to set up India’s first semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit in the state. Notably, it is also reported to have recently signed MoUs with 30 Japanese companies for the development of India’s semiconductor and display glass manufacturing ecosystem.

London-headquartered Vedanta Group is a diversified global natural resources and technology conglomerate which produces oil & gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power, renewable energy, display glass and is foraying into the semiconductors business. Tokyo-headquartered AvanStrate Inc. is a Vedanta group company, which is working in the development and manufacture of LCD glass substrates used in televisions, computers, mobile phones, and automotive displays and has operations in Korea and Taiwan.


 

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