UST, Kaynes Semicon Partner for ₹3,330 Cr OSAT Facility in India

UST, a company that specializes in AI and technology transformation solutions, has announced a strategic investment in Kaynes Semicon, which is an Indian semiconductor manufacturer, to establish a Semiconductor Manufacturing facility in Gujarat at a cost of ₹3,330 crore.

“This will be an OSAT (Outsourced Semiconductor Assembly and Test) facility scheduled to come up at Sanand,” said UST.

“This ambitious partnership between UST and Kaynes Semicon will help shape the future of semiconductor manufacturing in India. 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,” said Krishna Sudheendra, Chief Executive Officer, UST.

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“Our partnership with UST brings together world-class manufacturing and digital engineering expertise. This enables Kaynes Semicon to deliver advanced OSAT solutions while strengthening India’s self-reliant semiconductor ecosystem,” said Raghu Panicker, Chief Executive Officer, Kaynes Semicon Private Limited.

As per the release, the investment agreement signals a deeper collaboration between the two companies to power the next frontier of electronics and Electric Vehicles (EVs), renewables, and consumer technology.

“UST’s worldwide presence and existing semiconductor client base made it a valuable partner for Kaynes Semicon, creating opportunities for new customers to leverage the benefits of Indian assembly and testing,” UST said.

“The partnership will also take advantage of UST’s digital engineering, AI-driven process improvements, and real-time data analysis, which are all essential for scale, reliability, and avoiding hidden costs,” it further said.