Kaynes SemiCon, a fully owned subsidiary of Kaynes Technology, announced a substantial investment of Rs 2,850 crore for the development of a new facility in Hyderabad. The facility will be focused on outsourced semiconductor assembly and testing (OSAT) and will feature automatic test equipment (ATE) and a reliability testing line. According to chief executive Raghu Panicker, this investment reflects Kaynes SemiCon's commitment to expanding its presence in the semiconductor industry.
Recently, the groundbreaking ceremony was held for a new facility that will feature 13 lines for OSAT and one line each for ATE and reliability testing.
Kaynes Technology, the parent company, is also investing Rs 750 crore in Mysuru for a bare board printed circuit board plant. According to Panicker, Kaynes Technology, headquartered in Mysuru, employs 3,500 individuals and generates an annual revenue of Rs 1,665.71 crore.
Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India. We have capabilities across the entire spectrum of ESDM services.
Kaynes has over three decades of experience in providing Conceptual Design, Process Engineering, Integrated Manufacturing and Life Cycle Support for major players in the Automotive, Industrial, Aerospace and Defence, Outer-space, Nuclear, Medical, Railways, Internet of Things (“IoT”), Information Technology (“IT”) and other segments.
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