Bengaluru: UST, a leading AI and technology transformation solutions company, today announced a strategic investment in Kaynes Semicon. The two companies will establish a Rs 3,300 crore world-class OSAT (Outsourced Semiconductor Assembly and Test) facility in Sanand, Gujarat. “OSAT remains relatively new in India, and its successful development requires a combination of Kaynes’ experience in the sector and UST’s strengths in R&D and testing,” UST said in a statement.

“The investment arrangement lays the foundation for greater collaboration between the two firms as they work together to power the next era of electronics and Electric Vehicles (EVs), renewables, and consumer technology. Furthermore, the partnership advances India’s ambition to become a leading semiconductor hub, promoting quality, reliability, and local value, while providing advanced solutions globally,” the statement added.

 “This ambitious partnership between UST and Kaynes Semicon will help shape the future of semiconductor manufacturing in India. We are proud to participate in the “Make in India” initiative. Together, our two great companies will harness the strengths of the Indian market and build a formidable foundation for the country to become a key player in the global semiconductor industry,” said Krishna Sudheendra, Chief Executive Officer, UST.

“Kaynes Semicon is built around the same values as UST, and I am excited to strengthen ties between our two great companies. Together, we will collaborate to meet rising global demand by accelerating the development, manufacturing, and assembly of advanced semiconductor components in India,” said Gilroy Mathew, Chief Operating Officer, UST.

“Our partnership with UST brings together world-class manufacturing and digital engineering expertise. This enables Kaynes Semicon to deliver advanced OSAT solutions while strengthening India’s self-reliant semiconductor ecosystem,” said Raghu Panicker, Chief Executive Officer, Kaynes Semicon Private Limited.

​”Kaynes Semicon’s collaboration with UST is a proud milestone for the “Make in India” mission. Together, we are creating a platform that will set benchmarks for semiconductor assembly, testing, and innovation, not just for India but for the global market,” said Ramesh Kannan, Promoter & Executive Vice Chairman, Kaynes Technology India Limited. DeshGujarat