Kaynes SemiCon to raises Rs 2,850 crore in Chip Project
A 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% 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 1.1%. 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.