India's Kaynes Semicon eyes foreign help as it targets $31m revenue

Tape desk, TradeNews BD (2026-10-12): Interview India's Kaynes Semicon eyes foreign help as it targets $31m revenue Goal for chip packaging company comes as it pursues auto, industrial and power… Primary source: original at Nikkei Asia (asia.nikkei.com).

October 12, 2026 10:29 AM GMT · Nikkei Asia

Interview India's Kaynes Semicon eyes foreign help as it targets $31m revenue

Goal for chip packaging company comes as it pursues auto, industrial and power sectors

Kaynes Semicon's chip packaging and testing facility in the Indian state of Gujarat was set up within eight months, from acquiring land to building the factory and hiring workers, according to CEO Raghu Panicker.

BENGALURU -- India needs greater involvement from foreign semiconductor companies if it is to successfully build a chip ecosystem, Kaynes Semicon CEO Raghu Panicker told Nikkei Asia in an interview, as his company targets 3 billion rupees ($31 million) in the fiscal year ending March 2027 and eyes new segments like the power industry.