Kaynes Semicon OSAT Facility

Kaynes Semicon Pvt Ltd | Assembly & Packaging

Published

October 12, 2026

TipWhy This Matters

An Indian EMS company that successfully pivoted into semiconductor OSAT — proof that domestic firms can compete in chipmaking.

What does this facility make?

Assembles and tests semiconductor chips for various applications. Kaynes started as an electronics manufacturing services (EMS) company and expanded upstream into chip packaging.

Why does it matter?

Most ISM projects involve foreign technology partners. Kaynes is notable as a homegrown Indian company that built OSAT capability — showing that the Indian private sector can move up the semiconductor value chain, not just multinational corporations.

Key Facts

Company Kaynes Semicon Pvt Ltd
Partners None
Type Assembly & Packaging
Capability OSAT (6.33M chips/day)
Status Operational
Investment ₹3,307 crore
Location Sanand, Gujarat
Category Commercial (ISM Approved)

Technical Complexity

1.5/5

Benchmarked against a 3nm fab (5/5).

Timeliness

6.9m slip → FY2025-26

Revised target: FY2025-26 (Mar 2026)

Project Timeline

  • 01 Sep 2024 — Approved under ISM
  • 01 Dec 2024 — Construction begins at Sanand
  • 31 Mar 2026 — PM Modi inaugurates Kaynes semiconductor plant — facility goes operational
  • 19 Sep 2026 — IndieSemiC (fabless design startup) and Kaynes Semicon sign an MoU for OSAT collaboration — qualification, assembly, and testing of QFN/BGA and other packages for IndieSemiC’s low-power SiP modules and discrete devices, plus joint work on design-for-manufacturability and new package introduction
  • 24 Sep 2026 — Company guidance (CEO Raghu Panicker): Unit 2 at Sanand targeted to become operational in December 2026, including a ~$50 million automotive-grade reliability and failure-analysis lab — one of the first of its kind in Asia, starting with automotive qualification before expanding to space-grade semiconductors. Forward guidance, not yet confirmed by an inauguration.

Supply Chain

Equipment, gas, and materials suppliers with their own tracked India facility feeding this project:

Sources


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