KAYNES SEMICON LOOKING FOR OVERSEAS PARTNERS

Kaynes Semicon, the chip making arm of

, is looking for overseas semiconductor companies to form joint venture in India in order to successfully build a chip ecosystem. As the company targets $31 million revenue in the fiscal year ending March 2027, it requires experts who have done this work in the past. While companies in Japan, South Korea and Taiwan have built up decades of experience, leading to a ready supply of orders, it would take several months for an Indian company to qualify for international orders. Kaynes' 15,000-square-meter plant is designed for an annual production of 2.3 billion units. It is targeting global and domestic clients in the vast automotive and industrial consumer segments such as air conditioners and smart fans. It is also investing in power semiconductor products, such as those used in inverters and windmills.