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OSAT FACILITY IN TELANGANA
Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let's take a look.- Chips fall in place for India: Ten approved semicon units across nation, projects underwayThe total approved semiconductor projects' cumulative investments have reached around Rs 1.6 lakh crore in six Indian States.
- Qcomm cos on govt radar; Tata upskills in TaiwanHappy Wednesday! The government may step up surveillance on quick commerce dark stores over rising hygiene concerns. This and more in today...
- True north: Foxconn plans first solo UP unitFoxconn is in talks to acquire 300 acres along the Yamuna Expressway in Greater Noida for its first northern India facility. The move align...
- Telangana seeks MeitY nod for pending semiconductor projectsTelangana awaits MeitY approval for three semiconductor projects, following Rs 1,778.86 crore electronics manufacturing cluster investments...
- Motilal names Kaynes Technologies as top pick for 2025, predicts 31% upsideKaynes Technologies share price: The co has upheld its FY25 revenue growth forecast of over 60% YoY, despite a slowdown in the EV segment. ...
- Union Cabinet approves OSAT proposal of Kaynes Semicon to set up in SanandThe proposed unit in Sanand, Gujarat, will be set up with an investment of Rs 3,307 crore. The chips produced in this unit will cater to a ...
- Kaynes Technologies inaugurates EMS facility in HyderabadThe Hyderabad facility is equipped with the latest manufacturing technologies including high precision electronic assembly, 3D optical and ...
- Kaynes SemiCon OSAT to move from Telangana to Gujarat: SourcesKaynes broke ground in Kongara Kalan near Hyderabad in October last year and proposed to invest Rs 2,850 crore there.
- In India's semiconductor moment, spotlight on talentThere is demand for 40,000-50,000 employees across job roles in 2024, a 25-30% increase over last year, says staffing company Randstad. The...
- Kaynes Technology acquires Oakland-based Digicom Electronics to expand in US marketKaynes has also acquired 13.2% shares in California-based Mixx Technologies Inc to establish Kaynes as a “silicon to systems” manufacturer ...
- Tamil Nadu and Telangana on Foxconn-HCL’s radar for new chip facilityThe HCL-Foxconn joint venture is in “advanced-level talks” with Tamil Nadu and Telangana to set up its recently announced semiconductor ass...
- Outlook on EMS sector: Avalon & Kaynes could give 20-40% return in 2024"We estimate Avalon will deliver a CAGR of 22%/25%/42% in revenue/EBITDA/Adj. PAT over FY23-26 on the back of strong order inflows. In case...
- Kaynes SemiCon investing Rs 2,850 crore in semiconductor assembly in TelanganaKaynes SemiCon will also invest Rs 83.28 crore in a research and development facility for silicon photonics for co-packaged optics in Mysur...
- Karnataka minister MB Patil denies government inaction after Kaynes Tech picks Telangana for investmentThe minister's reaction came as a response to a tweet by former Infosys director TV Mohandas Pai's that it was a "sad day for Karnataka. We...
- Make in India push: five of our must-read storiesAmid India’s push to woo chipmakers to India, several semiconductor makers are in talks to set up assembly and packaging facilities in the ...
- Govt De-Fies crypto hoarders; India’s 100th startup unicornTaxman could impose an additional 20% tax on such transactions and income.
- Tata Electronics set for semiconductor packaging forayThe company was, however, only scouting the market for a technology partner for advanced packaging and not traditional packaging, which, Ma...
- Global chronic chip shortage: Will Tatas step in?Some factories had to close when the pandemic first struck in 2020, leading to a backlog in production in microchips. The impact was exacer...
- India's Tata in talks to set up $300 million semiconductor assembly unitWhile Tata has previously said it would likely enter the semiconductor business, this is the first time news about the group's foray into t...
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