| | DECEMBER 20238A hyderabad-based facility for outsourced semiconductor assembly and testing (OSAT) with automatic test equipment (ATE) and a reliability testing line is being invested in by Kaynes SemiCon, a 100 percent subsidiary of Kaynes Technology, according to chief executive Raghu Panicker.Reliability testing will have one line, and ATE and OSAT will have thirteen, were the subjects of a groundbreaking ceremony previously. Furthermore, a research and development centre for silicon photonics for co-packaged optics in Mysuru will receive an investment of Rs 83.28 crore from Kaynes SemiCon. The facility, which will hold 13 lines for OSAT and 1 line each for ATE and reliability testing, just had a groundbreaking ceremony.Additionally, parent company Kaynes Technology is investing RS. 750 crore in a bare board printed circuit board manufacturing in Mysuru. According to Panicker, Kaynes Technology, situated in Mysuru, employs 3,500 people and generates Rs 1,665.71 crore in revenue annually.The company, which went public a year ago, was valued at RS. 14,418 crore on the BSE, ending at Rs 2,479.80, an increase of 1.1percent Electronics manufacturing services (EMS) company Kaynes, established 38 years ago, has its headquarters in Mysuru, Bengaluru, Chennai, Pune, Manesar, and Parwanoo, and it also has service centres in Mumbai and Kochi. T he Tata Group is now able to formally enter the Apple supply chain as an iPhone assembler after entering into a legally binding share purchase agreement with SMS InfoComm (Singapore) and Wistron Hong Kong Limited to buy a 100 percent equity investment in Wistron Infocomm Manufacturing (India)."For us, completing the Share Purchase Agreement to buy Wistron InfoComm Manufacturing (India) Private Limited marks a significant accomplishment. Dr. Randhir Thakur, CEO and Managing Director of Tata Electronics, said in a statement, "the EMS (Electronic Manufacturing Services) industry in India is poised for growth given the strong support from the government. We are happy to be participating in this growth story"."We are focused on strengthening our capabilities in the manufacturing sector. I thank the entire Wistron team for their cooperation throughout this process," he added. The Tata Group unveiled the plan to acquire Wistron India officially on October 27, announcing it would pay $125 million for 100 percent equity stake for the company's assembly lines. The deal is worth a total $750 million inclusive of a $550-million inter-corporate loan given by the parent to Wistron India.The Tata Group began producing a semi-finished iPhone SE model in India when it opened a casing plant in Hosur, Tamil Nadu, to join the iPhone supply chain. The Tata Group will be able to begin producing iPhones from start to finish in India with the purchase of the Wistron unit, making it the first Indian company to join the ranks of Foxconn, Pegatron, Luxshare, and Wistron in the iPhone manufacturing industry. KAYNES SEMICON TO RAISES RS. 2,850 CRORE IN CHIP PROJECTTATA GROUP FINALISES ACQUISITION OF WISTRONIN FOCUSIN FOCUS
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