Kaynes Technology has introduced its plans to take a position Rs 2,800 crore within the institution of a semiconductor OSAT (Outsourced Semiconductor Assembly and Test) and compound semiconductor facility in Kongara Kalan, close to Hyderabad.

The 30-year-old homegrown electronics contract manufacturing companies firm goals to broaden its companies into OSAT/ATMP, by way of its subsidiary, Kaynes Semicon.

This facility, will come up on a 40-acre parcel of land, situated close to the Taiwanese manufacturing large Foxconn’s upcoming facility and is anticipated to create employment alternatives for two,000 people, reports Times of India.

Through Kaynes Semicon, the corporate goals to supply help to clients worldwide within the areas of — QFN (Quad Flat No-leads Package), SOT (Small Outline Transistor), TO (Transistor Outline), BGA (Ball Grid Array), FC BGA (Flip-Chip Ball Grid Array) sort of packages for energy units within the first three years, a authorities official mentioned.

“We are very excited to work with the Government of Telangana for our prestigious OSAT/ATMP plant in Hyderabad. The speed at which team Telangana worked is unmatched and unparalleled,” Kunhikannan mentioned.

Kunhikannan added, “India is being looked at as an active and innovative player today, and with outsourced semiconductor assembly and testing facilities, India may grow in tandem with Taiwan, Malaysia, and China,”, in response to BQPrime report.

The electronics contract producer earlier signed a MoU with the Karnataka authorities for Rs 3,750 crore to arrange a semiconductor meeting and testing facility and a printed circuit board manufacturing plant by way of the corporate’s step-down subsidiaries.

Further, Kaynes Semicon plans to ascertain a analysis and growth centre for bundle analysis in collaboration with IIT Bombay.