UST, a global leader in AI and technology transformation, has announced a strategic investment in Kaynes Semicon, forging a powerhouse joint venture valued at Rs 3,330 crore. This collaboration aims to establish a state-of-the-art OSAT (Outsourced Semiconductor Assembly and Test) facility in Sanand, Gujarat, accelerating the "Make in India" initiative and positioning the country as a global semiconductor powerhouse.

The partnership leverages UST's extensive worldwide network and semiconductor clientele with Kaynes Semicon's manufacturing prowess, unlocking new avenues for international customers to tap into India's cost-effective assembly and testing capabilities. By integrating UST's cutting-edge digital engineering, AI-optimized processes, and real-time analytics, the duo will enhance scalability, ensure unwavering reliability, and eliminate costly inefficiencies in production. This synergy is set to fuel innovation across high-growth areas like electric vehicles (EVs), renewable energy, and consumer electronics, driving India's push toward technological self-reliance.

"This bold alliance between UST and Kaynes Semicon is set to redefine semiconductor manufacturing in India," said Krishna Sudheendra, CEO of UST. "We're thrilled to champion the 'Make in India' vision, combining our strengths to elevate India as a dominant force in the global chip industry." Echoing this enthusiasm, Gilroy Mathew, COO of UST, added, "Our shared values with Kaynes Semicon pave the way for collaborative breakthroughs. We'll ramp up the production of cutting-edge semiconductor components to meet surging worldwide demand right here in India."

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Raghu Panicker, CEO of Kaynes Semicon Private Limited, highlighted the complementary expertise: "Teaming up with UST merges top-tier manufacturing with digital innovation, empowering us to offer superior OSAT services and fortify India's independent semiconductor landscape." Ramesh Kannan, Promoter & Executive Vice Chairman of Kaynes Technology India Limited, celebrated the milestone: "This UST partnership is a triumph for 'Make in India.' We're crafting a world-class platform for assembly, testing, and pioneering advancements that will resonate globally."

Kaynes Semicon, a wholly owned subsidiary of the BSE and NSE-listed Kaynes Technology India Ltd. (BSE: 543664, NSE: KAYNES), was founded in 2008 as an end-to-end IoT-enabled integrated electronics manufacturing firm. Incorporated to bridge critical gaps in India's semiconductor ecosystem, the JV addresses the nascent OSAT segment by blending Kaynes' sector know-how with UST's R&D and testing acumen.

Since its inception in 1999, UST has partnered with Fortune 500 giants, delivering transformative AI-driven solutions, proprietary platforms, and innovation ecosystems. With over 30,000 employees across more than 30 countries, UST's deep industry insights and agile approach have consistently converted client challenges into sustainable, high-impact outcomes, benefiting billions worldwide.

This venture not only bolsters India's semiconductor ambitions amid global supply chain shifts but also promises job creation, skill development, and technological leaps, making it a cornerstone for the nation's digital future. As the facility takes shape, expect ripples across industries, from powering next-gen EVs to sustainable energy solutions, solidifying India's role on the world stage.

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