KAYNES SEMICONDUCTOR PLANT INAUGRATED BY PM MODI IN GUJARAT

Prime Minister Narendra Modi has inaugurated

outsourced semiconductor assembly and test (OSAT) facility in Gujarat. The project which was approved by the Union Cabinet in Sept24 under the India Semiconductor Mission involves a total investment of Rs 3,300 crore. The facility will handle the testing and packaging of semiconductor chips before they are supplied to the market. The plant is expected to produce 60 lakh chips per day and cater to a wide range of sectors, including industrial applications, automotive, electric vehicles, consumer electronics, telecom, and mobile phones. Having a market cap of Rs 24,000 crore, the company has delivered strong profit growth of 95% CAGR over last 5 years. With this new unit, the company is able to strengthen it's role as a reliable semiconductor supplier in the global market.