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Economic Times
6 days ago
- Business
- Economic Times
Kaynes' Sanand OSAT set to go live by December
Mysuru-based electronics manufacturing services (EMS) and design firm Kaynes Technology's Sanand-based outsourced semiconductor assembly and test (OSAT) plant is expected to be operational by December, said Kaynes Semicon chief executive Raghu Panicker.'We will provide the first sample by September 15. The clean room has been set up and now the equipment and raw materials are coming in,' he told ET. Kaynes Technology received an approval from the Union cabinet in September last year for setting up an OSAT facility in Sanand, Gujarat, with a Rs 3,307 crore investment. The capacity of this unit will be 6.3 million chips per day. ET reported on August 4 that Kaynes Circuits India may invest more than Rs 4,000 crore in setting up an advanced electronic component manufacturing facility in Thoothukudi, Tamil Nadu. The plant would produce 74-layer printed circuit board (PCB), high-density interconnect PCB, flexible PCB, high-performance laminates, camera module assembly and wire harness assembly. In June, Kaynes Semicon and L&T Semiconductor Technologies (LTSCT) acquired Japanese Fujitsu General's power modules business for Rs 118.34 crore. Fujitsu will transfer the business to Larsen & Toubro's fabless chip company and related production facilities to Kaynes Semicon, which will in turn manufacture these products for LTSCT, the companies had said. In May, Kaynes Semicon, a 100% subsidiary of Kaynes Technology India, opened its first overseas chip design centre in Muscat, Oman. At its headquarters Mysuru, the company is providing EMS for smart meters and servers at a facility spread over 17 acres of land, and is proving services to multinational conglomerate Honeywell. Kaynes Semicon's multilayer high-density interconnect PCB facility in Chennai, being built with an investment of $150-250 million will go live by January next year, Panicker said, adding, 'We've already started the construction. By the end of the year the first product should be ready.'Apart from the bare board PCB plant in Chennai Kaynes Technology and its subsidiaries have 12 PCB assembly plants in India and three plants outside India, in the US, Canada and Austria. 'The Oakland plant is going well with a lot of defence business coming in. The products from that plant are for local consumption. It's for the US,' Panicker per the company's full-year revenue guidance of Rs 4,500 crore, it is expecting Rs 4,250 crore from its core EMS, electronics system design and manufacturing operations, Rs 100 crore from its OSAT facility and Rs 175 crore from the acquisition of August Electronics in Canada."We've acquired a company in Calgary, Canada, called August Electronics where we do PCB assembly. We've also acquired a company called Sensonic in Scharding, Austria, where also we do PCB assembly. We have also acquired Digicom Electronics in Oakland, California. These acquisitions were made two years, one and a half years and six months back,' Panicker also hinted at future acquisitions, particularly in North America and Europe, to deepen the company's design capabilities and enter new high-margin regions are being targeted not just for geographic diversification but also to strengthen the company's design and original design manufacturing capabilities, particularly in high-value verticals such as industrial automation, railways and advanced Semicon is evaluating opportunities to acquire companies that will help its embedded design and prototyping expertise. Strategic equity stakes in OSAT In its OSAT business, the company is building long-term global relationships by offering minority equity stakes to key technology partners and clients. US Tech India Pvt. Ltd. has been allotted a 10% stake and AOS (Advanced Optoelectronic Solutions) has been allotted 8.25% stake in the OSAT stakes are designed to ensure business continuity. These partners are also supplying critical bottleneck model enables Kaynes Semicon to become the preferred manufacturing partner for their future high-tech product lines, including advanced packaging, silicon photonics and artificial intelligence (AI)-driven hardware. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. As RBI retains GDP forecast, 4 factors that will test the strength of Indian economy Is Shadowfax closing in on its closest rival? Can Coforge's ambition to lead the IT Industry become a reality? Berlin to Bharuch: The Borosil journey after the China hit in Europe Stock Radar: Syngene International showing signs of momentum after falling 26% from highs; what should investors do? Two Trades for Today: A life insurance major for a 4.85% upmove, a mid-cap diesel engine maker for almost 7% rise Multibagger or IBC - Part 18: This auto ancillary started with wheels. It now also powers wind & war Auto stocks: Yes, headwinds in the short term, but will structural change become tailwinds and prove analysts wrong?
Time of India
6 days ago
- Business
- Time of India
Kaynes' Sanand OSAT set to go live by December
Academy Empower your mind, elevate your skills Mysuru-based electronics manufacturing services (EMS) and design firm Kaynes Technology 's Sanand-based outsourced semiconductor assembly and test ( OSAT ) plant is expected to be operational by December, said Kaynes Semicon chief executive Raghu Panicker.'We will provide the first sample by September 15. The clean room has been set up and now the equipment and raw materials are coming in,' he told Technology received an approval from the Union cabinet in September last year for setting up an OSAT facility in Sanand, Gujarat, with a Rs 3,307 crore investment. The capacity of this unit will be 6.3 million chips per reported on August 4 that Kaynes Circuits India may invest more than Rs 4,000 crore in setting up an advanced electronic component manufacturing facility in Thoothukudi, Tamil Nadu. The plant would produce 74-layer printed circuit board (PCB), high-density interconnect PCB , flexible PCB, high-performance laminates, camera module assembly and wire harness June, Kaynes Semicon and L&T Semiconductor Technologies (LTSCT) acquired Japanese Fujitsu General's power modules business for Rs 118.34 will transfer the business to Larsen & Toubro 's fabless chip company and related production facilities to Kaynes Semicon, which will in turn manufacture these products for LTSCT, the companies had May, Kaynes Semicon, a 100% subsidiary of Kaynes Technology India, opened its first overseas chip design centre in Muscat, its headquarters Mysuru , the company is providing EMS for smart meters and servers at a facility spread over 17 acres of land, and is proving services to multinational conglomerate Honeywell Kaynes Semicon's multilayer high-density interconnect PCB facility in Chennai, being built with an investment of $150-250 million will go live by January next year, Panicker said, adding, 'We've already started the construction. By the end of the year the first product should be ready.'Apart from the bare board PCB plant in Chennai Kaynes Technology and its subsidiaries have 12 PCB assembly plants in India and three plants outside India, in the US, Canada and Austria. 'The Oakland plant is going well with a lot of defence business coming in. The products from that plant are for local consumption. It's for the US,' Panicker per the company's full-year revenue guidance of Rs 4,500 crore, it is expecting Rs 4,250 crore from its core EMS, electronics system design and manufacturing operations, Rs 100 crore from its OSAT facility and Rs 175 crore from the acquisition of August Electronics in Canada."We've acquired a company in Calgary, Canada, called August Electronics where we do PCB assembly. We've also acquired a company called Sensonic in Scharding, Austria, where also we do PCB assembly. We have also acquired Digicom Electronics in Oakland, California. These acquisitions were made two years, one and a half years and six months back,' Panicker also hinted at future acquisitions, particularly in North America and Europe, to deepen the company's design capabilities and enter new high-margin regions are being targeted not just for geographic diversification but also to strengthen the company's design and original design manufacturing capabilities, particularly in high-value verticals such as industrial automation, railways and advanced Semicon is evaluating opportunities to acquire companies that will help its embedded design and prototyping its OSAT business, the company is building long-term global relationships by offering minority equity stakes to key technology partners and clients. US Tech India Pvt. Ltd. has been allotted a 10% stake and AOS (Advanced Optoelectronic Solutions) has been allotted 8.25% stake in the OSAT stakes are designed to ensure business continuity. These partners are also supplying critical bottleneck model enables Kaynes Semicon to become the preferred manufacturing partner for their future high-tech product lines, including advanced packaging, silicon photonics and artificial intelligence (AI)-driven hardware.
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Business Standard
30-06-2025
- Business
- Business Standard
Kaynes Semicon to fire off India's first paid chip prototype next month
Deal with US-based AOS secures over 60% of Phase-I output Surajeet Das Gupta New Delhi Listen to This Article Kaynes Semicon, an outsourced semiconductor assembly and test (OSAT) player, which has secured its first anchor client, US-based Alpha & Omega Semiconductor (AOS), will deliver its first paid prototype Made in India chip sample for qualification to the company in August this year. It will be the first OSAT company among the five approved by the government under the Indian Semiconductor Mission to reach this milestone. Kaynes has already set up a pilot line in a 1,000 square metre facility with a clean room in Sanand, Gujarat (where Micron Technology and CG Power and Industrial Solutions also have plants), from
Business Standard
11-06-2025
- Business
- Business Standard
Kaynes Tech arm inks pact with Fujitsu Electronics to acquire assets
Kaynes Technology India announced that its wholly owned subsidiary, Kaynes Semicon has entered into asset purchase agreement (APA) with Fujitsu General Electronics (Fujitsu Electronics) to acquire the production lines for power modules. Under the agreement, Kaynes Semicon will acquire production lines for power modules and the identified assets from Fujitsu Electronics based on the terms, conditions as set out in the APA. The company will acquire the assets owned by the Fujitsu Electronics for total consideration of JPY 15.91 billion. Kaynes Technology is a leading end-to-end and IoT solutions-enabled integrated electronics manufacturer in India, having capabilities across the entire spectrum of electronics system and design manufacturing (ESDM) services. The companys consolidated net profit jumped 43% to Rs 116.20 crore on 54.5% increase in net sales to Rs 984.48 crore in Q4 FY25 over Q4 FY24. The counter rose 0.15% to Rs 5,595.40 on the BSE.
Time of India
11-06-2025
- Business
- Time of India
Kaynes Technology shares in focus after unit inks Rs 85 crore asset deal with Fujitsu General Electronics
Shares of Kaynes Technology are set to be in focus on Wednesday after the semiconductor manufacturing company announced that its wholly-owned subsidiary has signed an asset purchase agreement with Fujitsu General Electronics Ltd to acquire power module production lines and related manufacturing assets for Rs 85 crore. In a stock exchange filing on Tuesday, Kaynes Technology India said, '...we hereby inform you that Kaynes Semicon Private Ltd (Kaynes Semicon), a Wholly Owned Subsidiary Company of Kaynes Technology India Ltd (Kaynes or Company) has entered into an Asset Purchase Agreement with Fujitsu General Electronics Ltd (Fujitsu Electronics), Iwate, Japan for the acquisition of the identified assets on June 09, 2025, subject to the satisfaction of customary closing conditions.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Use an AI Writing Tool That Actually Understands Your Voice Grammarly Install Now Undo The deal, signed on June 9, is valued at 1.59 billion yen, equivalent to Rs 85 crore. The identified assets include power module production lines that are expected to enhance Kaynes Technology's capabilities and footprint in the semiconductor manufacturing space, specifically in the power module segment. Kaynes Semicon will integrate these assets into its operations. The company clarified that 'the transaction does not fall within the ambit of related party transactions,' and emphasized that there will be 'no impact on the management or control' of Kaynes Technology India Ltd. Stock performance and technical outlook Live Events On Tuesday, June 10, shares of Kaynes Technology ended at Rs 5,587.05 on the BSE, down by Rs 65.70 or 1.16%. While the stock has gained 65% over the past year and 30% in the last three months, it has declined 3.5% over the last week. From a technical analysis standpoint, the stock is currently trading below six of its eight key simple moving averages (SMA), including the 5-day, 10-day, 20-day, 30-day, 50-day, and 150-day SMAs. This reflects bearish undertones across both short-term and long-term charts. The Relative Strength Index (RSI) stands at 40.6, indicating the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -13.6 and continues to stay below its signal and center line — a strong bearish indicator. Also read | GIFT Nifty up 30 points; here's the trading setup for today's session ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
