Electronics contract manufacturing services firm, Kaynes Technology, broke ground for an outsourced semiconductor assembly and testing (OSAT) semiconductor engineering facility of subsidiary Kaynes Semicon at Kongara Kalan near Hyderabad on Tuesday.
Rachakonda Commissioner of Police Devendra Singh Chauhan, TSIIC vice-chairman and MD E.V. Narsimha Reddy, Special Secretary-IPEE Vishnu Vardhan Reddy and director-Electronic and Semiconductors of Telangana Sujai Karampuri participated in the ground breaking ceremony.
Earlier this month, Kaynes had announced that it will be setting up a ₹2,800 crore semiconductor OSAT and compound semiconductor facility in the State. It had also signed an MoU with the State government for the facility, to come adjacent to the upcoming electronics manufacturing facility of Foxconn, that will create direct employment of over 2,000 people.
The announcement came in the backdrop of a meeting Kaynes chairperson Savitha Ramesh and managing director Ramesh Kannan had with Industries and IT Minister K.T. Rama Rao here in the presence of senior officials.
Kaynes Technology is foraying into OSAT/ATMP services, through Kaynes Semicon, which will be supporting customers world wide in QFN, SOT, TO, BGA and FC BGA kind of packages in the first three years for power devices, it had said.
