Key takeaways
- UST and Kaynes Semicon form a ₹3,330 crore joint venture for semiconductor manufacturing in Gujarat.
- Leverage UST's AI skills and Kaynes' manufacturing experience to enhance India's semiconductor ecosystem.
- Support India's 'Make in India' initiative by focusing on outsourced semiconductor assembly and testing (OSAT).
- Aim to boost sectors like electric vehicles, renewable energy, and consumer technology through innovative solutions.
- Launch of pilot chips from the Sanand facility is scheduled for the first week of October.
California-based UST and Kaynes Semicon, a subsidiary of Kaynes Technology, will set up a ₹3,330 crore semiconductor manufacturing facility in Sanand, Gujarat. The joint venture will support India’s ‘Make in India’ initiative and focus on outsourced semiconductor assembly and testing (OSAT).
The partnership combines UST’s digital engineering and AI expertise with Kaynes Semicon’s manufacturing experience. Both companies stated that the venture aims to enhance India’s semiconductor ecosystem, serving sectors such as electric vehicles, renewable energy, and consumer technology.
Krishna Sudheendra, CEO of UST, said, “Together, our two great companies will harness the strengths of the Indian market and build a formidable foundation for the country to become a key player in the global semiconductor industry.”
Kaynes Semicon CEO, Raghu Panicker, recently told AIM that the launch of its pilot chips will take place in the first week of October. This will be done from the Sanand OSAT facility, which will advance India’s semiconductor ambitions at a time when the industry is moving towards self-reliance and global competitiveness.
Ramesh Kannan, executive vice chairman of Kaynes Technology India Ltd, said, “Kaynes Semicon’s collaboration with UST is a proud milestone for the ‘Make in India’ mission. Together, we are creating a platform that will set benchmarks for semiconductor assembly, testing, and innovation, not just for India but for the global market.”
Recently, Kaynes Semicon also entered into a partnership with Emerson to deploy Emerson’s NI Semiconductor Test System (STS) as its preferred platform across its test facilities in India. The platform will standardise testing of analogue, mixed-signal, RF, power and MEMS devices, helping to accelerate production and cut time-to-market.
In parallel, Kaynes Electronics, another subsidiary of Kaynes Technology, plans to invest ₹352 crore in a manufacturing plant in Bhopal, which is expected to create more than 1,000 jobs.
On the overseas front, Kaynes Semicon has also inaugurated its first international chip design centre in Muscat, Oman, focusing on extensive-scale integration (VLSI) design. The centre, funded by Oman’s government and established in partnership with its ministries, will support both front-end and back-end chip design and train 80–100 students annually in advanced semiconductor design.
