Indian mining conglomerate Vedanta has announced the appointment of former GlobalFoundries’ senior vice president Terry Daly as an advisor for its semiconductor subsidiary – Vedanta-Foxconn Semiconductors Ltd.
Vedanta has teamed up with Hon Hai Precision Industries, which trades as Foxconn, to make an entry into the semiconductor industry in India (see Foxconn Indian fab venture selects Gujurat for location). The joint-venture has been signing up experienced executives to give the project the best chance of success.
Daly joins former NXP and GlobalFoundries executive David Reed, who was appointed CEO of the subsidiary in February (see ST linked to Indian fab project as former NXP exec appointed CEO). Daly will help set up wafer fab and assembly and test unit in India, according to a report. “We are pleased to welcome Terry Daly to our team,” reports quoted Reed, CEO of Vedanta-Foxconn Semiconductors Ltd. (VFSL) saying.
Daly previously spent six years with GlobalFoundries rising to the position of senior vice president of strategic business development. In that role he led a strategic partnership with Samsung on advanced process technology and was a member of the M&A team that organized GlobalFoundries’s acquisition of IBM’s semiconductor business.
Prior to that Daly was with IBM for 26 years, with most of his time in its semiconductor division, where he held executive roles in business management, finance, manufacturing operations, program management, and strategy.
“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 Daly.