US-based technology solutions firm UST has entered into a strategic joint venture with Kaynes Semicon, the semiconductor arm of Kaynes Technology India Ltd, to establish an INR 3,330 crore Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. The collaboration is aligned with the government's 'Make in India' initiative and aims to build local semiconductor assembly and testing capacity.

Partnership Structure and Contributions

Under the joint venture agreement, UST will bring its global semiconductor client base, AI-driven digital engineering, and real-time process optimization capabilities to the partnership. Kaynes will contribute its manufacturing expertise to the collaboration. The facility is designed to cater to electronics, EVs, renewables, and consumer tech sectors. The companies expect the facility to enhance India's position as a global semiconductor hub, creating a self-reliant ecosystem for advanced chip packaging and testing.

The partnership represents a significant investment in India's semiconductor manufacturing capabilities.

Leadership Statements

Krishna Sudheendra, Chief Executive Officer of UST, expressed enthusiasm about the partnership, stating: "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."

Kaynes Semicon CEO Raghu Panicker stated that the joint venture would enhance India's OSAT capabilities. Ramesh Kannan, Vice Chairman of Kaynes Technology, termed the collaboration a milestone for the domestic semiconductor mission.

Strategic Objectives

The joint venture is positioned to support India's goal of building local semiconductor assembly and testing capacity. The facility will focus on outsourced semiconductor assembly and test services, which are critical components in the semiconductor manufacturing value chain. The partnership aims to create a world-class semiconductor OSAT facility that will serve multiple industry sectors, including electronics, electric vehicles, renewable energy, and consumer technology.

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