Latest news with #RaghuPanicker
Time of India
6 hours ago
- Automotive
- Time of India
Kaynes Semicon, L&T arm to acquire Fujitsu General's power modules business
Kaynes Semicon and L&T Semiconductor Technologies (LTSCT) are acquiring 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, which will in turn manufacture these products for LTSCT, the companies said. The transaction is expected to close on June 23, pending regulatory clearance under Japan's Foreign Exchange and Foreign Trade Act. 'The new OSAT facility being setup in Sanand, Gujarat, is launching its operations with a focus on the global power device packaging market,' Raghu Panicker, chief executive of Kaynes Semicon, told ET. Mysuru-based Kaynes is one of the production contractors for LTSCT. The LTSCT specialises in semiconductor product development, manufacturing, and sales. Kaynes is one of the four companies under the India Semiconductor Mission 1.0 building OSATs in the country. Live Events The deal is part of Fujitsu's strategy to streamline operations within its tech solution business and reinforce its overall business foundation. 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 Panicker said the deal is supported by two major initiatives: a multi-million-dollar, high-volume service agreement with its customer Alpha and Omega Semiconductor (AOS) and the acquisition of three power packaging lines from Fujitsu Electronics Ltd Japan. 'The partnership with AOS will cover core power devices like IGBTs, power modules and MOSFETs with volumes projected to reach nearly 670 million units annually, while the Fujitsu technology provides immediate capability for high-reliability automotive and industrial-grade power modules, adding a production capacity of approximately 0.6 million units per month,' he said. These moves position the company as a significant new player in the power electronics supply chain , Panicker said. By combining a foundational, high-volume customer with advanced packaging technology and immediate production capacity, the company is poised to meet the surging global demand for power semiconductors driven by the electric vehicles , renewable energy , and industrial automation sectors, he said. This establishes a vital new capability in India's domestic semiconductor ecosystem and addresses the global need for a more resilient and diverse manufacturing footprint for power devices. L&T has invested more than $300 million to create LTSCT. Fujitsu General, in a regulatory filing on Monday, announced the divestiture of its power module business operated by its consolidated subsidiary, Fujitsu General Electronics (FGEL). This transaction is expected to result in the recording of an extraordinary gain of approximately 2 billion yen (about $13.8 million) from the business transfer in the April-June 2025 quarter, it said. Reasons for the Divestiture FGEL's tech solutions division is involved in the development, manufacturing, and sale of electronic devices, as well as the manufacturing of information and communication equipment. The divestiture of the power module business is part of a broader portfolio transformation within the electronic device business, aimed at strengthening the Fujitsu General Group's business foundation, it said.
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.
