Kaynes SemiCon, a subsidiary of Kaynes Technology, announced an investment of 2,850 INR-Crore to develop an OSAT (Outsourced Semiconductor Assembly and Testing) Facility in Hyderabad. The facility will also have an Automatic Test Equipment (ATE) and Reliability testing line.
Earlier this month, the groundbreaking ceremony was held for the facility that will have 13 lines for OSAT, one for ATE, and one for reliability testing. Additionally, Kaynes SemiCon will invest 83.28 INR-Crore in a co-packaged optics research and development facility for Silicon Photonics in Mysuru.
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Both projects have received approval from their respective state governments. The Telangana government has provided a 25 per cent subsidy for the OSAT project meanwhile, the Central government will provide an additional 50 per cent subsidy once the project receives approval (as part of the India Semiconductor Mission USD 10 billion incentive scheme).
Apart from this, the parent company, Kaynes Technology will also be investing 750 INR-Crore for a bare board printed circuit board plant in Mysuru.
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