Bengaluru: UST, a global leader in AI and technology transformation solutions, has entered into a strategic investment partnership with Kaynes Semicon, an Indian semiconductor manufacturer.
The collaboration aims to establish a Rs 3,330 crore joint venture focused on semiconductor assembly, testing, and advanced electronics manufacturing, reinforcing India’s position as a global semiconductor hub.
Aligned with the government’s ‘Make in India’ initiative, the UST-Kaynes Semicon partnership seeks to deliver high-quality semiconductor solutions for Electric Vehicles (EVs), renewables, and consumer technology sectors.
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The joint venture will leverage UST’s expertise in digital engineering, AI-driven process optimization, and real-time data analytics, combined with Kaynes Semicon’s established manufacturing capabilities, to ensure scale, efficiency, and reliability in semiconductor production.
UST – Kaynes Semicon to Develop OSAT Facility
As part of this strategic collaboration, the companies plan to develop a state-of-the-art OSAT (Outsourced Semiconductor Assembly and Test) facility in Sanand, Gujarat.
OSAT is an emerging segment in India’s semiconductor ecosystem, and the facility is expected to set new benchmarks for semiconductor assembly, testing, and innovation.
Krishna Sudheendra, CEO of UST, stated, “This ambitious partnership with Kaynes Semicon will shape the future of semiconductor manufacturing in India. By joining forces, we aim to harness the Indian market’s potential and contribute significantly to the global semiconductor industry.”
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Raghu Panicker, CEO of Kaynes Semicon, added, “Our collaboration with UST combines world-class manufacturing and digital engineering expertise, enabling us to provide advanced OSAT solutions while strengthening India’s self-reliant semiconductor ecosystem.”
Kaynes Semicon, a fully owned subsidiary of Kaynes Technology India Ltd., was incorporated in 2008. Kaynes Technology is a leading integrated electronics manufacturing company, providing end-to-end and IoT-enabled solutions and is listed on BSE (543664) and NSE (KAYNES).
