Latest news with #Sanand-based
Time of India
2 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.
Economic Times
2 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?
