Kaynes Tech share price rises as unit announces tie-ups with two firms for semiconductor manufacturing

Kaynes Semicon Pvt Ltd has tied up with global technology firms AOI Electronics Co Ltd (Japan) and Mitsui & Co Ltd (Japan) to boost its upcoming semiconductor manufacturing operations in India.

Kaynes Technology share price

The stock rose as much as 3.11% to ₹4,317 per unit on the National Stock Exchange. At 9:51 am, it was up 0.3% to ₹4,213.

The company, in an exchange filing, said that AOI Electronics is a pioneer in semiconductor back-end processes and brings industry-leading expertise in advanced packaging, wafer-level redistribution layer (RDL) and panel-level packaging technologies. This collaboration will allow Kaynes Semicon to offer turnkey back-end semiconductor solutions to customers across automotive, consumer electronics, industrial and communication sectors, it said.

"AOI’s proven excellence in backend technology strengthens our offering and significantly enhances our ability to serve the global semiconductor value chain from India," said Raghu Panicker, CEO, Kaynes Semicon.

The company said that the alliance with Mitsui & Co. assures access to critical raw materials, including moulding compounds, lead frames, die attach materials, speciality gases and semiconductor-grade chemicals, which are critical for wafer fabrication and packaging.

"Our association with Mitsui ensures a robust and secure supply of key materials, a vital requirement for any semiconductor manufacturing facility. This is a foundational step toward operational readiness and scale," Panicker said.

Kaynes Technology Q2 results

In the second quarter of the financial year 2025-26, Kaynes Technology had reported a 101.67% increase in its consolidated net profit to ₹121.41 crore as compared to ₹60.2 crore in the same period of the previous fiscal year.

The company's revenue from operations climbed 58.39% to ₹906.21 crore in Q2 FY26 as against ₹572.11 crore in the year-ago period.