Kaynes Tech Stock Jumps on Semiconductor Unit's New Partnerships
हिंदी में सुनें
Listen to this article in Hindi
Kaynes Tech's stock price increased after its Kaynes Semicon unit announced partnerships with AOI Electronics and Mitsui & Co. for semiconductor manufacturing.
Shares of Kaynes Technology saw a boost after its subsidiary, Kaynes Semicon Pvt Ltd, announced collaborations with AOI Electronics Co Ltd and Mitsui & Co. – both based in Japan – to strengthen its semiconductor manufacturing operations in India.
On the National Stock Exchange, Kaynes Technology's stock price climbed as high as ₹4,317 per share, a 3.11% increase. By 9:51 am, the stock was trading at ₹4,213, up 0.3%.
According to an exchange filing, AOI Electronics specializes in semiconductor back-end processes. Their expertise lies particularly in advanced packaging, wafer-level redistribution layer (RDL), and panel-level packaging technologies. The partnership will enable Kaynes Semicon to provide comprehensive back-end semiconductor solutions for clients in the automotive, consumer electronics, industrial, and communication sectors.
Raghu Panicker, CEO of Kaynes Semicon, stated that AOI’s proficiency in back-end technology will enhance their offerings and ability to serve the global semiconductor value chain from India.
The alliance with Mitsui & Co. is designed to secure access to essential raw materials. These include moulding compounds, lead frames, die attach materials, specialty gases, and semiconductor-grade chemicals, all crucial for both wafer fabrication and packaging processes, according to the company.
Panicker also noted that the collaboration with Mitsui ensures a reliable supply of key materials, which is essential for semiconductor manufacturing. He described this as a fundamental step towards operational readiness and scale.
**Kaynes Technology's Q2 Performance**
In the second quarter of fiscal year 2025-26, Kaynes Technology reported a consolidated net profit of ₹121.41 crore. This represents a 101.67% increase compared to the ₹60.2 crore reported during the same period in the previous fiscal year.
The company's revenue from operations also saw substantial growth, climbing 58.39% to ₹906.21 crore in Q2 FY26, up from ₹572.11 crore in the corresponding period of the previous year.
