Connect with us

Technology

DIGITIMES Asia: Kaynes SemiCon secures India’s first paying OSAT customer for advanced semiconductor packaging

Published

3 weeks ago

on

TAIPEI, Aug. 30, 2024 /PRNewswire/ — Kaynes SemiCon, a wholly owned subsidiary of Kaynes Technology, has signed a landmark memorandum of understanding (MoU) with Lightspeed Photonics, securing India’s first paying customer for outsourced semiconductor assembly and test (OSAT) services, according to CEO Raghu Panicker.

According to the news report from the technology-focused media DIGITIMES Asia, the announcement was made during the inauguration of Kaynes Technology’s new electronics manufacturing unit in Hyderabad, signifying a major leap forward for India’s nascent semiconductor ecosystem. The collaboration will see Kaynes SemiCon provide advanced packaging solutions for Lightspeed Photonics. The MoU also highlights the high volume run at Kaynes Semicon.

“This is the first paying OSAT customer in India,” Panicker said, emphasizing the importance of the agreement. “We will initially carry out sample runs and low-volume production at our proto line in Mysore/Hyderabad, before scaling up to high-volume manufacturing once our new facility is fully operational.”

Lightspeed Photonics, a Singapore-based fabless system development company, specializes in integrating optical interconnects with processors to create modular compute-interconnect heterogeneous System-in-Packages (SiP) under its LightSiP brand. This technology aims to enhance server scalability by reducing data latency, footprint, and power consumption while significantly boosting data bandwidth and performance per watt.

Strategic investments and advanced packaging

The deal is particularly significant as it underscores India’s entry into the high-value segment of semiconductor manufacturing—advanced packaging.

With the global semiconductor industry increasingly focusing on advanced packaging technologies such as silicon photonics, Kaynes SemiCon’s foray into this space positions the company as a key player in the global supply chain. Panicker also revealed that the company has already identified and aligned the necessary equipment for the project, with installation planned at the proto line in Mysore/Hyderabad and eventually at its upcoming facility.

“We have engaged with our equipment suppliers and are set to consign the equipment at their facilities. This will allow us to start rolling out packages for Lightspeed Photonics within four to five months,” he added.

The company expects final approval from the Indian government for its OSAT services to come in soon, allowing it to proceed with its plans. “Approval may come in about a week’s time,” he stated, underscoring that preparations are already underway to meet the stringent requirements of advanced semiconductor packaging.

Separate MoU for capacity building

In addition to the MoU with Lightspeed Photonics, Kaynes SemiCon has also signed an agreement with the VLSI Society of India for capacity building. This initiative aims to develop a skilled workforce for India’s semiconductor industry by partnering with educational institutions to provide training in semiconductor manufacturing. The implementation partner for this will be Perceptives Solutions.

According to Satya Gupta, President of the VLSI Society, the intention is “to make India a world-class electronics and semiconductor product nation.” Bhanupriya K, MD of Perceptives Solutions, also stressed the need to train the students in the area of semiconductor manufacturing processes.

Through this MoU, Kaynes SemiCon will open up its OSAT facility for packaging free of cost to Education Institutes aligned with the VLSI Society of India. The dual MoUs reflect Kaynes SemiCon’s initiatives to support the growth of India’s semiconductor industry, focusing on technological advancement and workforce development.

As the first company to secure a paying OSAT customer in India, Kaynes Semicon is positioned to contribute significantly to the future of semiconductor manufacturing in the region.

India’s semiconductor ambitions

Kaynes SemiCon’s dual MOUs come at a time when India is aggressively pursuing its ambitions to become a global semiconductor hub. With the government’s push towards self-reliance in electronics and a US$10 billion incentive scheme to attract semiconductor manufacturing investments, the country is poised to play a larger role in the global semiconductor supply chain.

India has granted approvals for three major semiconductor projects so far, including a wafer fabrication facility and an OSAT plant by Tata Group, as well as a separate OSAT facility by Murugappa Group’s CG Power and Industrial Solutions.

Meanwhile, reports suggest that CG Power has recently entered into agreements with Japan’s Renesas, a leading semiconductor manufacturer, and Thailand’s Stars Microelectronics, an OSAT provider, to establish an OSAT facility in India. The company plans to invest INR7,600 crore (US$1 billion) over the next five years in this venture.

View original content to download multimedia:https://www.prnewswire.com/news-releases/digitimes-asia-kaynes-semicon-secures-indias-first-paying-osat-customer-for-advanced-semiconductor-packaging-302234825.html

SOURCE DIGITIMES ASIA

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

Published

25 mins ago

on

September 20, 2024

By

TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

Continue Reading

Technology

KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

Published

25 mins ago

on

September 20, 2024

By

VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/kucoins-alicia-kao-shares-insights-on-how-ai-is-accelerating-mass-crypto-adoption-at-token2049-singapore-302253908.html

SOURCE KuCoin

Continue Reading

Technology

PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

Published

25 mins ago

on

September 20, 2024

By

SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-ventures-reinforces-support-of-chaos-labs-with-additional-investment-302253911.html

SOURCE Chaos Labs, Inc.

Continue Reading

Trending