Kaynes SemiCon to Establish Cutting-edge Semiconductor Assembly Facility in Hyderabad
In a significant move towards bolstering India’s presence in the semiconductor industry, Kaynes SemiCon, a wholly-owned subsidiary of Kaynes Technology, is set to invest a staggering Rs 2,850 crore in a state-of-the-art facility in Hyderabad. The strategic focus of the investment is on outsourced semiconductor assembly and testing (OSAT), accompanied by cutting-edge automatic test equipment (ATE) and a reliability testing line.
Chief Executive Officer, Raghu Panicker, expressed the company’s commitment to driving technological advancements in the semiconductor domain, stating, “This substantial investment underscores our dedication to elevating India’s position in the global semiconductor landscape. The Hyderabad facility will play a pivotal role in providing advanced semiconductor assembly solutions, contributing significantly to the growth of the electronics industry in the region.”
The move aligns with the increasing demand for semiconductor solutions globally and positions Kaynes SemiCon as a key player in the evolving landscape. The facility’s focus on OSAT, ATE, and reliability testing reflects a comprehensive approach to semiconductor manufacturing, ensuring high-quality output and reliability of the products.
The investment is poised to generate employment opportunities and foster technological expertise in the region. As the semiconductor industry continues to evolve, Kaynes SemiCon’s commitment to this substantial investment in Hyderabad not only strengthens its own capabilities but also contributes to the growth of the semiconductor ecosystem in India.
This initiative comes at a crucial time when semiconductor manufacturing is gaining prominence worldwide, with an emphasis on securing a robust supply chain. Kaynes SemiCon’s significant investment signifies a bold step towards positioning India as a key player in the semiconductor value chain.
As the project progresses, the industry will keenly watch the developments in Hyderabad, anticipating the positive impact of Kaynes SemiCon’s cutting-edge semiconductor assembly facility on the Indian semiconductor landscape and its global footprint.
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