Kaynes Technology inks deal to establish joint venture with Vishay Intertechnology, Inc.

Kaynes Technology India has executed a binding term sheet dated 12 November 2026 amongst the Company (along with its Affiliate(s)), Kaynes Semicon (KSPL), the wholly owned subsidiary of the Company, Vishay Intertechnology, Inc. (Vishay) and Ecomal Nederland B.V. (Ecomal), the wholly-owned subsidiary of Vishay, for the establishment of a joint venture through KSPL to provide semiconductor back-end manufacturing services.

The joint venture business will include post-fab wafer processing, assembly, test and packaging (OSAT), and operate a Vishay captive line in India. Under the term sheet, Vishay will invest in KSPL for a 49% stake.

The proposed transaction remains subject to the finalization of terms between the parties, execution of definitive agreements, required approvals and other customary closing conditions.