kaynes technology: Kaynes SemiCon OSAT to move from Telangana to Gujarat: Sources
Nearly five months after breaking ground, Kaynes SemiCon is shelving its plans to set up a chip assembly unit in Telangana and is instead moving it to Gujarat, officials aware of the development told ET.The outsourced semiconductor assembly and testing (OSAT) unit will now come up with an investment of Rs 5,000 crore (including Rs 1,000 crore working capital) at Sanand, Gujarat, where American chip maker Micron and Murugappa group’s CG Power are also putting up chip assembly, test, marking, and packaging (ATMP) units, the…