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Vedanta Appoints Terry Daly as Advisor for Semiconductor Business
Meta Description: Vedanta has appointed Terry Daly, a semiconductor industry veteran, as Advisor for its semiconductor business as it looks to set up a state-of-the-art semiconductor fab unit and semiconductor assembling and testing unit in India.
Mumbai, May 10, 2023: Vedanta, a diversified natural resources company, has announced the appointment of Terry Daly as Advisor for its semiconductor business. With over 30 years of experience in the global semiconductor industry, Daly will provide strategic counsel and inputs as Vedanta looks to establish a state-of-the-art semiconductor fab unit and semiconductor assembling and testing unit in India.
As CEO of Vedanta-Foxconn Semiconductors Limited (VFSL), David Reed said, "We are pleased to welcome Terry Daly to our team. 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."
Prior to joining Vedanta, Daly was an independent consultant in the microelectronics industry. He spent 26 years at IBM, where he held executive roles in business management, finance, manufacturing operations, program management, and strategy. At GlobalFoundries, Daly was Senior Vice President, where he played a key role in establishing a strategic alliance on advanced technology with Samsung and in the acquisition of IBM's microelectronics business.
Vedanta's aggressive talent acquisition drive globally has attracted 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.