# UST and Kaynes Semicon form joint venture for OSAT facility in Gujarat

UST announced a strategic investment in Kaynes Semicon to establish a Rs 3,300 crore OSAT facility in Sanand, Gujarat, India. The joint venture aims to advance semiconductor manufacturing under the 'Make in India' initiative.

- Type: Partnership
- Announced: 2025-09-29
- Where: Sanand, Gujarat, India
- Value: $396.0M (33.0B INR)
- Status: announced
- Products: semiconductor assembly and test services
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Kaynes Semicon](https://endata.com/companies/15328.md) (partner)
- [UST](https://endata.com/companies/44959.md) (partner)

## Sources

- [sundayguardianlive.com](https://sundayguardianlive.com/business/ust-and-kaynes-semicon-partner-to-set-up-a-rs-3330-crore-joint-venture-for-semiconductor-manufacturing-in-india20250929121838-153384/), 2025-09-29: "This ambitious partnership between UST and Kaynes Semicon will help shape the future of semiconductor manufacturing in India."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.