UST, a prominent firm specializing in AI and technology transformation, has made a significant strategic investment in Kaynes Semicon, an Indian semiconductor manufacturing company. This collaboration aims to establish a state-of-the-art semiconductor manufacturing unit in Gujarat, backed by an impressive ₹3,330 crore investment. The facility, planned for Sanand, will operate as an Outsourced Semiconductor Assembly and Test (OSAT) center.
Krishna Sudheendra, CEO of UST, expressed his enthusiasm for the venture, stating that “this ambitious partnership will be pivotal in shaping the future of semiconductor manufacturing in India.” He emphasized that by combining their strengths, both companies will lay a robust foundation for India to emerge as a key global player in the semiconductor sector.
Echoing this sentiment, Raghu Panicker, CEO of Kaynes Semicon Private Limited, highlighted that the partnership unites world-class manufacturing capabilities with cutting-edge digital engineering expertise. This synergy will enable Kaynes Semicon to deliver advanced OSAT solutions, thereby bolstering India’s journey towards a self-reliant semiconductor ecosystem.
The investment is designed to foster deeper collaboration, propelling both firms to innovate in critical areas such as next-generation electronics, Electric Vehicles (EVs), renewable energy, and consumer technology.
UST’s extensive global footprint and its existing portfolio of semiconductor clients make it an ideal partner for Kaynes Semicon. This collaboration is expected to open doors for new customers, allowing them to capitalize on the benefits of Indian assembly and testing services.
Furthermore, the partnership will leverage UST’s prowess in digital engineering, AI-driven process enhancements, and real-time data analytics. These capabilities are deemed crucial for ensuring scalability, enhancing reliability, and effectively managing operational costs within the new manufacturing facility.