Kaynes Technology eyes Japanese chipmakers with new semiconductor push: Report
New Delhi, June 17
Indian electronics manufacturing company Kaynes Technology is expanding its business in the Japanese market. Its subsidiary Kaynes Semicon is aiming to win orders for semiconductor assembly from local chipmakers, including those making automotive chips, reported Nikkei Asia.
Kaynes Semicon, the company's semiconductor subsidiary, provides assembly services for chipmakers and other businesses. It has set up a back-end processing facility in Gujarat, western India, where mass production began this spring.
Additionally, Kaynes recently deployed sales representatives in Japan and plans to begin shipping product samples in fiscal 2026. The company has capabilities to assemble a broad range of semiconductors and is working to build a customer base among automakers looking to outsource automotive chip production, Nikkei Asia reported.
Apart from this, a major Japanese back-end services provider, Aoi Electronics, is supporting Kaynes in setting up production lines, while trading firm Mitsui is assisting with materials procurement. Kaynes plans to work with both companies to expand its customer base in Japan.
Prime Minister Narendra Modi has championed the Make in India campaign to boost manufacturing, advancing the development of the country's domestic supply chains. Nikkei Asia noted that Kaynes built its plant using support from the substantial subsidies the government has provided to the semiconductor sector.
Kaynes Technology was established in 1988 and is headquartered in Karnataka in southwestern India. The company offers conceptual design, process engineering, integrated manufacturing and life cycle support for major players in the automotive, industrial, aerospace and defence, outer-space, medical, railways, Internet of Things ("IoT"), Information Technology ("IT") and other segments.
The company is listed on the Bombay Stock Exchange (BSE). It has boasted a revenue of Rs 27.2 billion (USD 287 million) for the year ended March 2025. As of June 17, the company boasts a market cap of around Rs 21,824.47 crore, according to the data provided on BSE.
— ANI
Reader Comments
Impressive growth story from Rs 27.2 billion revenue! But I hope the government subsidies are used efficiently and not just for expanding capacity. Need to see more high-value jobs created in India.
Interesting to see an Indian company partnering with Japanese firms like Aoi Electronics and Mitsui. This could be a smart way to gain credibility in a tough market like automotive chips. 🙌
Kaynes has been around since 1988, so this isn't a flash in the pan. Their experience in aerospace and defense gives me confidence they can handle complex chip assembly. Modiji's push for self-reliance is working!
Finally some concrete progress in semiconductor manufacturing! But we need more such companies across India, not just in Gujarat. Karnataka and Telangana also have great potential. Hope the government spreads the subsidies evenly.
This is a smart move by Kaynes. Japan needs reliable semiconductor supply chains, and India has the talent and cost advantages. The partnership with Mitsui for materials is especially strategic. 👍
Rs 21,824 crore market cap is no joke! But I worry about execution. Semiconductor assembly is a precision game, and Japanese companies have very high standards. Hope Kaynes can deliver quality on time. All
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