Gujarat, Sept. 29 -- UST, a global AI and technology transformation solutions firm, has announced a strategic investment in Kaynes Semicon, an Indian semiconductor manufacturer, to establish a Rs 3,330 crore semiconductor manufacturing facility in Gujarat.

The project, scheduled to come up in Sanand, will function as an OSAT (Outsourced Semiconductor Assembly and Test) unit.

In a statement issued on Monday (September 29, 2026), UST highlighted the significance of the collaboration in strengthening India's semiconductor ecosystem. "This ambitious partnership between UST and Kaynes Semicon will help shape the future of semiconductor manufacturing in India.

Together, our two great companies will harness the strengths of the Indian market ...