Kaynes Technology India Limited and the Karnataka Electronics, IT, and BT Department signed an MoU to drive innovation. Kaynes Technology's pivotal role positions it as the ESDM Semicon ecosystem's anchor in Mysuru and this MoU will help in putting Mysuru on the global map. Kaynes Semicon Private Limited will lead the setup of a Semiconductor Assembly & Testing (OSAT) facility and Kaynes Circuits India Private Limited will spearhead the establishment of a Printed Circuit Board (PCB) manufacturing plant for producing complex multi-layered boards.

The MoU with Kaynes will put Karnataka in the forefront of OSAT and PCB with an investment of INR 3,750 crores which will help in creating 3,200 jobs by harnessing collective expertise, the partnership is primed to not only meet pressing demands but also position Karnataka as a hub for cutting-edge semiconductor manufacturing and cultivating a self-sustaining and self-reliant ecosystem.