Kaynes Tech shares soar over 3% on reports of Made-in-India chip launch by first week of October

The chip manufacturer is set to deliver the chips within a year of receiving Cabinet approval to establish India’s fifth semiconductor facility in Sandan, Gujarat, in September 2024, he added.

The company has planned a total production capacity of 2.3 billion units per year for the Gujarat-based unit, which will include advanced packaging and multiple multi-chip module products for both the Indian and international markets.

Kaynes Semicon expects to bring in a revenue of at least ₹100 crore in the first year by March 2026. Post which, Panicker said, the goal will be to generate a revenue of ₹650 crore and subsequently ₹1,500 crore. In four years, the firm projects the top line to grow to ₹3,000 crore.

The firm is currently working on advanced packaging with three to four startups, including Caligo Technology and FermionIC. These companies are approved under the DLI scheme.

Kaynes Semicon has also invested in several startups, he added, including Mixtech Machinery and Xscape. The company will produce advanced packaging using silicon photonics for these startups at its Sandan unit.

Kaynes Technology's stock performance

Shares of Kaynes Technology closed 2.77% higher at ₹6,755 apiece on Wednesday.

While the stock hit a 52-week high of ₹7,822 apiece on January 1, 2025, it reached a year’s low of ₹3,825.15 per equity share on February 17, 2025.

The company has a total market capitalisation of ₹45,281.91 crore as of September 3, 2025, according to data on the NSE.