Kaynes Tech's Semiconductor Plan: First Revenue By FY26 Q3, Demand To Go Up

Semiconductor Stocks In India: Kaynes Semicon Pvt. will setup a Rs 3,300 crore semiconductor unit with an expected capacity of 60 lakh chips per day, according to Information and Broadcasting Minister Ashwini Vaishnaw at the cabinet briefing. The chips produced in the unit will include a variety of applications utilised in segments like industrial, automotive, electric vehicles, consumer electronics, telecom, and mobile phones, among others. The Programme for Development of Semiconductors and Display Manufacturing Ecosystem in India was notified in December 2021, and in 2023, the cabinet approved the first proposal for setting up a semiconductor unit in Sanand.

#ashwinivaishnaw #kaynestechnology #gujarat

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