loader2
Login Open ICICI 3-in-1 Account
  • Text Size
  • Text to Speech
  • Color Contrast
  • Pause Animations

Open ICICI
3-in-1 Account

Manage your Savings, Demat and Trading Account conveniently at one place

+91

BLOG

Kaynes Semicon has commenced commercial production at its 49-acre semiconductor facility in Gujarat

ICICIdirect Research 21 Sep 2026 DISCLAIMER

News: Kaynes Semicon has commenced commercial production at its 49-acre semiconductor facility in Gujarat and plans to build a broad-based semiconductor assembly and testing business. The facility, spread across 15,000 sq. m., is designed for annual production of ~2.3 billion units, with chips catering to applications across industrial, automotive, electric vehicles, consumer electronics and telecom sectors.

View: The commencement of commercial production marks an important step in Kaynes’ efforts to build scale in semiconductor packaging and diversify beyond its core EMS business. Management expects the semiconductor business to contribute ₹250–300cr of revenue in FY27, with ~₹100cr already booked, providing a visible starting point for the ramp-up. The ~2.3bn-unit annual capacity provides significant headroom as customer qualifications progress and volumes scale. Over the medium term, the planned expansion into advanced packaging and LED/micro-LED could further broaden the addressable opportunity. Customer qualification, capacity utilisation, high-volume production ramp-up and execution of planned capex remain key monitorables

Impact: Positive

Download
ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere

Download
ICICI Direct app

Invest, Track, and Manage your Portfolio Anytime, Anywhere