Hyderabad: Kaynes Technology, a leading company in semiconductor manufacturing, is set to open a new advanced electronics unit called Kaynes Semicon Pvt Ltd. This new facility will be located in Kongara Kalan, and the opening ceremony is scheduled for August 23.
The company has invited Telangana Chief Minister Revanth Reddy to attend the opening ceremony. On Monday, Raghu Panicker, the CEO of Kaynes Technology, personally met with CM Revanth Reddy and IT Minister Sridhar Babu at the Secretariat to extend the invitation.
During the meeting, Panicker expressed the company’s commitment to staying in Telangana and contributing to the state’s growth. He also mentioned that Kaynes Technology has plans to start a new OSAT (Outsourced Semiconductor Assembly and Test) unit soon. However, they are waiting for approval from the Indian Semiconductor Mission (ISM) before they can begin operations.
The new facility in Kongara Kalan is expected to strengthen Telangana’s role in the semiconductor industry and support the state’s economic development.
