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UST and India’s Kaynes Semicon launched a $390M joint venture to build a semiconductor facility in Gujarat, boosting India’s tech and EV production.
UST and India’s Kaynes Semicon have launched a ₹3,330 crore joint venture to build a semiconductor assembly and testing facility in Sanand, Gujarat, aiming to boost India’s domestic production for electric vehicles, renewable energy, and consumer electronics.
The project, aligned with India’s “Make in India” initiative, combines UST’s digital engineering and AI-driven optimization with Kaynes Semicon’s manufacturing expertise to enhance efficiency and quality.
The OSAT facility is expected to strengthen India’s semiconductor self-reliance and global supply chain role, supporting job creation and technological advancement.
The partnership marks a major step in India’s growing semiconductor industry.
UST y Kaynes Semicon de la India lanzaron una empresa conjunta de $ 390 millones para construir una instalación de semiconductores en Gujarat, impulsando la producción de tecnología y EV de la India.