Kaynes Technology will make investments ₹2,800 crore to arrange a semiconductor OSAT (Outsourced Semiconductor Assembly and Test) and compound semiconductor facility at Kongara Kalan close to Hyderabad. The facility, which can come up close to Foxconn’s upcoming facility, will present employment to 2,000 folks. 

The resolution was introduced after a gathering between Telangana IT and Industries Minister Ok T Rama Rao and Ramesh Kannan (Managing Director) and Savitha Ramesh (Chairperson) of Kaynes Technology right here on Friday.

With this funding, the 30-year-old homegrown electronics contract manufacturing companies firm is increasing into OSAT/ ATMP (Assembly, Test, Mark, and Pack) companies by its subsidiary Kaynes Semicon.

Customer help

Kaynes Semicon would help clients worldwide in QFN (Quad Flat No-leads Package), SOT (Small Outline Transistor), TO (Transistor Outline), BGA (Ball Grid Array), FC BGA (Flip-Chip Ball Grid Array) form of packages for energy gadgets within the first three years, a authorities official stated.

“Kaynes Semicon is also setting up a research and development centre for package research in collaboration with IIT Bombay,” he stated.

“Telangana is committed towards developing a semiconductor ecosystem in the State. We welcome Kaynes’ decision to set up the facility in Hyderabad. The proposed investment by Kaynes will be a strategic investment for Telangana and will help the State build a strong semiconductor ecosystem,” Ok T Rama Rao stated in a press release right here on Friday.

Savitha Ramesh stated the proposed facility shall be “a world-class plant with state-of-the-art technology and machinery”.