Posted by Mumbai: Vedanta announced the appointment of former NXP executive David Reed as the CEO of its semiconductor business. Reed will be responsible for setting up a state-of-the-art semiconductor fab unit and semiconductor assembling and testing unit.
“We are delighted to welcome David Reed to Vedanta,” said Anil Agarwal, Chairman of Vedanta.
“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…,” added Agarwal.
A 35-year veteran in the semiconductor industry, Reed’s extensive 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.
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. Reed has served on multiple boards, crafting the growth and profit strategies of technology majors.
Reed was formerly with NXP Semiconductors, where he was EVP and GM of global operations. He moved to NXP as part of the merger with Freescale Semiconductor, where he had served as SVP for manufacturing operations.
Previously, Reed was VP and GM of GlobalFoundries. He began his career at Texas Instruments in 1984, where he served for 26 years in a variety of leadership roles across the world. He received his undergraduate degree from Austin College, an undergraduate degree in Chemical Engineering from Texas A&M University and an MBA from the University of Dallas.
“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,” commented David Reed on his appointment as CEO.
In September 2022, Vedanta signed an MoU with Gujarat government to set up India’s first semiconductor fab unit, a display fab unit, and a semiconductor assembling and testing unit in the state.