- Brings over 30 years of experience in the global semiconductor industry
Vedanta today announced the appointment of Terry Daly as Advisor for its semiconductor business. He will be responsible for providing strategic counsel and inputs as the conglomerate looks at setting up a state-of-the-art semiconductor fab unit and semiconductor assembling and testing unit in India.
“We are pleased to welcome Terry Daly to our team,” said David Reed, CEO, Vedanta-Foxconn Semiconductors Limited (VFSL). “As an industry veteran, Terry brings a vast wealth of knowledge and experience in managing several workstreams that are critical for establishing a world-class semiconductor fab.”
“India has a generational opportunity to become part of the global semiconductor supply chain and provide geographic diversification to its customers, supply chain resiliency to its partners, and job creation opportunities to its extremely talented population,” said Terry Daly. “I am very impressed by the unique, complementary partnership that Vedanta and Foxconn bring to the opportunity to establish India’s first commercial semiconductor fab.”
Terry joins Vedanta from his post as an independent consultant in the microelectronics industry. His career assignments include GlobalFoundries, where he was Senior Vice President, holding positions as head of strategy and corporate development, chief of staff, and head of corporate program management. He was instrumental in establishing a strategic alliance on advanced technology with Samsung and in the acquisition of IBM’s microelectronics business.
Prior to that, Terry spent 26 years at IBM, the majority in its semiconductor division, where he held executive roles in business management, finance, manufacturing operations, program management, and strategy. Before joining IBM, he spent five years as an officer in the United States Army.
He is a Distinguished Graduate with a bachelor’s degree in engineering from the U.S. Military Academy at West Point and holds a master’s degree in international relations from the Fletcher School of Law and Diplomacy, Tufts University.
Vedanta has been on an aggressive talent acquisition drive globally to attract leaders from the semiconductor industry. VFSL appointed industry veteran David Reed as CEO in February and welcomed Lawrence (Wong Chee Yoong) as Senior Director – Human Resources in April. The company continues to build a team of highly experienced personnel to be part of its semiconductor business.
About Vedanta-Foxconn Semiconductors Limited (VFSL)
Vedanta-Foxconn Semiconductors Limited (VFSL) is a joint venture between Hon Hai Precision Industry Co. – better known as Foxconn (鴻海精密), a Taiwanese multinational electronics giant, and Vedanta Resources Limited, a globally diversified natural resources company. VFSL will establish an integrated semiconductor fab foundry in India. In phase 1, the company will set up capacity of 40,000 wafers per month to cater to applications in displays, consumer electronics, industrial, mobiles, network equipment and automotives.
About Vedanta Group
Vedanta Group (“Vedanta”) is a diversified global natural resources and technology conglomerate. The group produces Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, Nickel, Aluminium, Power, Renewable Energy, and Display glass. Vedanta has operations in India, Zambia, Namibia, South Africa, Korea and Taiwan. Vedanta is foraying into the manufacture of semiconductors and displays, with plans to set up an integrated electronics center in India and is partnering with Foxconn for semiconductor manufacturing. With an empowered talent pool globally, Vedanta places strong emphasis on partnering with all its stakeholders based on the core values of trust, sustainability, growth, entrepreneurship, integrity, respect and care. Good governance and sustainable development are at the core of Vedanta’s strategy, with a strong focus on health, safety and environment, and on enhancing the lives of local communities. The group is focused on becoming the ESG leader in the natural resources sector and is committed to reducing carbon emissions to zero by 2050 or sooner. It has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. The group’s CSR philosophy is to eradicate poverty and malnutrition with a focus on development of women & children through the marquee project Nand Ghar.
