Latest news with #KaynesSemicon
Business Standard
2 days ago
- 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
2 days ago
- 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)
Time of India
19-05-2025
- Business
- Time of India
Kaynes Semicon opens chip design centre in Oman with its IT ministry
Kaynes Semicon , a 100% subsidiary of Kaynes Technology India , opened its first overseas chip design centre in Muscat, Oman on Sunday. This was done in partnership with the ministry of transport, communications and information technology and the ministry of labour, Oman. The new very large-scale integration (VLSI) design centre will focus on both front-end and back-end chip design processes. Raghu Panicker, CEO, Kaynes Semicon, told ET that the company will train 80 to 100 students each year in advanced VLSI design technologies. "The centre will help students with designing complex integrated circuits, chip fabrication, wafer preparation, etc," he explained. Asked about the reason for the foray into Oman, he said that the design centre would be fully funded by the Oman government . Ramesh Kannan, MD of Kaynes Technology India , said, 'With this step, we are extending our plan of building a strong semiconductor ecosystem beyond India, supporting local governments'. Mysuru-based Kaynes Semicon, could be the first company to produce India's first packaged chip by July this year, ET had reported on April 1. Kaynes received approval from the Union Cabinet in September last year for setting up an Outsourced Semiconductor Assembly and Test (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. The Middle East is seeing a slew of investments. This includes the US having a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's most advanced AI chips a year, starting this year. The Nvidia deal would boost the country's construction of data centres vital to developing artificial intelligence models. OpenAI also plans a data centre in the UAE. VLSI research involves tackling complex challenges. Students who are exposed to these activities develop strong analytical and problem-solving skills, Panicker said. The centre provides access to cutting-edge tools and techniques. "Students will gain access to industry-grade EDA tools for real-time project simulations. The programme equips students with the expertise to immediately contribute to real-world semiconductor projects," he said. These tools are often a direct result of VLSI research and development. Students who understand VLSI research are better prepared for advanced roles in the semiconductor industry, where they can contribute to developing new technologies, he said. "This intensive experience in industry-standard design workflows prepares graduates to tackle the complexities of chip development, from specification to silicon, making them highly valuable assets in the global semiconductor industry," Panicker said.
Economic Times
19-05-2025
- Business
- Economic Times
Kaynes Semicon opens chip design centre in Oman with its IT ministry
Kaynes Semicon, a 100% subsidiary of Kaynes Technology India, opened its first overseas chip design centre in Muscat, Oman on was done in partnership with the ministry of transport, communications and information technology and the ministry of labour, Oman. The new very large-scale integration (VLSI) design centre will focus on both front-end and back-end chip design processes. Raghu Panicker, CEO, Kaynes Semicon, told ET that the company will train 80 to 100 students each year in advanced VLSI design technologies."The centre will help students with designing complex integrated circuits, chip fabrication, wafer preparation, etc," he explained. Asked about the reason for the foray into Oman, he said that the design centre would be fully funded by the Oman government. Ramesh Kannan, MD of Kaynes Technology India, said, 'With this step, we are extending our plan of building a strong semiconductor ecosystem beyond India, supporting local governments'. Mysuru-based Kaynes Semicon, could be the first company to produce India's first packaged chip by July this year, ET had reported on April received approval from the Union Cabinet in September last year for setting up an Outsourced Semiconductor Assembly and Test (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. The Middle East is seeing a slew of investments. This includes the US having a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's most advanced AI chips a year, starting this year. The Nvidia deal would boost the country's construction of data centres vital to developing artificial intelligence models. OpenAI also plans a data centre in the research involves tackling complex challenges. Students who are exposed to these activities develop strong analytical and problem-solving skills, Panicker centre provides access to cutting-edge tools and techniques."Students will gain access to industry-grade EDA tools for real-time project simulations. The programme equips students with the expertise to immediately contribute to real-world semiconductor projects," he tools are often a direct result of VLSI research and development. Students who understand VLSI research are better prepared for advanced roles in the semiconductor industry, where they can contribute to developing new technologies, he said."This intensive experience in industry-standard design workflows prepares graduates to tackle the complexities of chip development, from specification to silicon, making them highly valuable assets in the global semiconductor industry," Panicker said.
Time of India
19-05-2025
- Automotive
- Time of India
Kaynes Semicon opens chip design centre in Oman with its IT ministry
Kaynes Semicon , a 100% subsidiary of Kaynes Technology India , opened its first overseas chip design centre in Muscat, Oman on Sunday. This was done in partnership with the ministry of transport, communications and information technology and the ministry of labour, Oman. The new very large-scale integration (VLSI) design centre will focus on both front-end and back-end chip design processes. Raghu Panicker, CEO, Kaynes Semicon, told ET that the company will train 80 to 100 students each year in advanced VLSI design technologies. "The centre will help students with designing complex integrated circuits, chip fabrication, wafer preparation, etc," he explained. Asked about the reason for the foray into Oman, he said that the design centre would be fully funded by the Oman government . Ramesh Kannan, MD of Kaynes Technology India , said, 'With this step, we are extending our plan of building a strong semiconductor ecosystem beyond India, supporting local governments'. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Mysuru-based Kaynes Semicon, could be the first company to produce India's first packaged chip by July this year, ET had reported on April 1. Kaynes received approval from the Union Cabinet in September last year for setting up an Outsourced Semiconductor Assembly and Test (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. The Middle East is seeing a slew of investments. This includes the US having a preliminary agreement with the UAE to allow it to import 500,000 of Nvidia's most advanced AI chips a year, starting this year. The Nvidia deal would boost the country's construction of data centres vital to developing artificial intelligence models. OpenAI also plans a data centre in the UAE. VLSI research involves tackling complex challenges. Students who are exposed to these activities develop strong analytical and problem-solving skills, Panicker said. The centre provides access to cutting-edge tools and techniques. "Students will gain access to industry-grade EDA tools for real-time project simulations. The programme equips students with the expertise to immediately contribute to real-world semiconductor projects," he said. These tools are often a direct result of VLSI research and development. Students who understand VLSI research are better prepared for advanced roles in the semiconductor industry, where they can contribute to developing new technologies, he said. "This intensive experience in industry-standard design workflows prepares graduates to tackle the complexities of chip development, from specification to silicon, making them highly valuable assets in the global semiconductor industry," Panicker said.
