Kaynes Technology India, a prominent provider of electronics manufacturing services (EMS), is focusing on expanding its capabilities by venturing into the semiconductor industry. The company aims to evolve from just being an assembler to becoming a fully integrated player in the sector.
Jairam Sampat, the Whole-Time Director and CFO highlighted that Kaynes is working on establishing a semiconductor manufacturing facility. The company is currently setting up the infrastructure for the factory, with plans to begin commercial production by early next year. Sampat emphasised that a stronger technology base is essential to meet the company’s growth ambitions.
India’s trade deficit hit a record high in November, mainly due to a decline in exports. However, electronics exports, particularly EMS, stood out as strong performers. MeitY (The Ministry of Electronics and Information Technology) is also preparing a ₹40,000 crore incentive package for non-semiconductor electronic components. Kaynes is involved in projects focused on high-density printed circuit boards, which could benefit from such government support.
Kaynes has launched 2 key projects: semiconductor assembly and testing (OSAT) and PC board fabrication. The company is also exploring other opportunities in related areas like modules, aiming to diversify its EMS offerings.
Kaynes Technology India share price is trading at ₹7,150.00, down by ₹92.80 (1.28%) as of 11:53 AM on December 18, 2024. The stock opened at ₹7,195.05, reached a high of ₹7,280.20, and a low of ₹7,140.00.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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