12.12.2024
Singapore, December 12, 2024 – ASMPT Limited, Kaynes Semicon Private Limited and Perceptives Solutions today signed two Memorandum of Understanding (MoUs) aimed at enhancing semiconductor expertise through targeted training and knowledge sharing to strengthen India’s semiconductor ecosystem.
As the global semiconductor market continues to grow, India is poised to enhance its presence in ATMP/OSAT over traditional chip manufacturing, leading to a rising demand for skilled professionals in the local semiconductor workforce. Kaynes Semicon, a subsidiary of Kaynes Technology India Limited specializing in backend semiconductor manufacturing, has established a strategic partnership with ASMPT, a leading global supplier of hardware and software solutions. Through this collaboration, ASMPT will provide best practices and advanced knowledge with engineers at Kaynes Semicon, enhancing local expertise, improving operational efficiency, and strengthening the semiconductor supply chain ecosystem in India.
A recent report projects India’s semiconductor industry will generate 1 million jobs across various sectors by 2026, with employers actively seeking candidates with expertise in electrical and electronics engineering and materials science. In response, Perceptives Solutions, in collaboration with ASMPT and Kaynes Semicon, has signed a separate MoU to accelerate the development of a skilled talent pool through tailored training initiatives for universities and academic institutions. This partnership aims to cultivate a new generation of professionals skilled in critical semiconductor processes, including OSAT, photolithography, VLSI packaging, design, and testing, to meet the needs of India’s rapidly expanding semiconductor industry and to thrive in the competitive semiconductor landscape.
Mr. Raghu Panicker, CEO of Kaynes Semicon, expressed his commitment, stating, "We are committed to establishing India as a semiconductor powerhouse and enhancing the manufacturing value chain for global customers. Through our collaboration with ASMPT in developing comprehensive training programs, we aim to leverage industry expertise and cultivate a dynamic ecosystem within the country.
Mr. Joe Poh Tson Cheong, Co-CEO of ASMPT Semiconductor Solutions Segment added, "We are excited to partner with Kaynes Semicon in realizing their vision of positioning India at the forefront of semiconductor innovation. With a wealth of talented engineers in the country, we are dedicated in leveraging our expertise and resources to support sustainable growth in India. We firmly believe that such partnerships are crucial for driving innovation and nurturing the talent necessary for future advancements in the semiconductor industry."
Ms. K. Bhanupriya, Managing Director of Perceptives Solutions, also stated the collaboration will not only enhance the skill set of local workforce but significantly contribute to the advancement of India's semiconductor industry. “Providing industrial training in semiconductor manufacturing is essential for fostering a new wave of future engineers,” she emphasised.
Earlier in September, Kaynes Semicon secured government approval to establish a Semiconductor Assembly and Test (OSAT) Facility in Sanand, Gujarat. This facility will have the capacity to manufacture and ship products across various sectors, including industrial, automotive, electric vehicles (EVs), consumer electronics, telecom, and mobile phones.
ASMPT’s dedication to advancing semiconductor technology is underscored by its extensive portfolio of innovative solutions. As a global technology leader, ASMPT is well-positioned to drive significant advancements in the semiconductor industry by offering cutting-edge solutions for semiconductor manufacturing. This empowers companies like Kaynes Semicon to enhance their operational capabilities and collectively propel the semiconductor industry forward.
The following images are available for download in printable format at: https://kk.htcm.de/press-releases/asmpt/
Raghu Panicker, CEO of Kaynes Semicon
Source: Kaynes Semicon
Joe Poh Tson Cheong, Senior Vice President and Co-CEO of the Semiconductor Solutions Segment, ASMPT
Source: ASMPT
K. Bhanupriya, Managing Director of Perceptives Solutions
Source: Perceptives Solutions
About ASMPT Limited (“ASMPT”)
ASMPT Limited is a leading global supplier of hardware and software solutions for the manufacture of semiconductors and electronics. Headquartered in Singapore, ASMPT’s offerings encompass the semiconductor assembly & packaging, and SMT (surface mount technology) industries, ranging from wafer deposition to the various solutions that organise, assemble and package delicate electronic components into a vast range of end-user devices, which include electronics, mobile communications, computing, automotive, industrial and LED (displays). ASMPT partners with customers very closely, with continuous investment in R&D helping to provide cost-effective, industry-shaping solutions that achieve higher productivity, greater reliability, and enhanced quality. ASMPT is also a founding member of the Semiconductor Climate Consortium.
ASMPT is listed on the Stock Exchange of Hong Kong (HKEX stock code: 0522), and is one of the constituent stocks of the Hang Seng TECH Index, Hang Seng Composite MidCap Index under the Hang Seng Composite Size Indexes, the Hang Seng Composite Information Technology Industry Index under the Hang Seng Composite Industry Indexes, the Hang Seng Corporate Sustainability Benchmark Index, and the Hang Seng HK 35 Index.
To learn more about ASMPT, please visit us at asmpt.com.
About Kaynes Semicon Private Limited
Kaynes Technology, a leader in electronic manufacturing services, offers comprehensive solutions spanning design, prototyping, sourcing, turnkey manufacturing, and support services. Its fully owned subsidiary, Kaynes Semicon, is driving innovation in India’s semiconductor industry, aligned with the Government of India's "Make in India" initiative.
With state-of-the-art facilities, Kaynes Semicon focuses on both mature and advanced semiconductor packages, supporting critical sectors like telecom, automotive, data centers, and consumer electronics. In collaboration with key partners, it aims to build a robust local manufacturing ecosystem, contributing to the India Semiconductor Mission.
Kaynes Semicon plans to establish multiple OSAT lines by FY25, delivering cutting-edge solutions such as FCBGA, SIP, Chiplets, MCM, and Silicon Photonics for global markets. Committed to innovation, reliability, and quality, Kaynes is shaping the future of semiconductor manufacturing.
To learn more about Kaynes Semicon, please visit: www.kaynestechnology.co.in/
About Perceptives Solutions
Despite being a young startup, addresses the growing recruitment needs of the Semiconductor, IT, and Pharma industries. Leveraging decades of collective experience, the firm collaborates with universities to establish Centers of Excellence (CoEs), focusing on training, hiring, and placing students in semiconductor firms like Kaynes Semicon.
With expertise in recruitment process redesign and global talent management, Perceptives introduces an innovative Hire, Train, and Deploy model to meet evolving workforce demands. The company’s holistic approach ensures optimal talent fit, employee engagement, and career development support, driving growth for both businesses and individuals.
To learn more about Perceptives Solutions, please visit: perceptivessolutions.unbend.co/
Media contacts:
Global ASMPT Semiconductor Solutions Press Office ASMPT Limited Jessica Ho Semiconductor Solutions E-Mail: semi_stratmkt@asmpt.com Website: semi.asmpt.com Global ASMPT Press Office ASMPT Ltd. Susanne Oswald Rupert-Mayer-Strasse 48 81379 Munich Germany Tel: +49 89 20800-26439 E-Mail: susanne.oswald@asmpt.com Website: asmpt.com
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