Kaynes Tech May Triple Its Semiconductor Investment Under ISM 2.0

JPMorgan has flagged a potential $1 billion outsourced semiconductor assembly and testing (OSAT) investment by Kaynes Technology under India's ISM 2.0 programme, making the proposed project the key takeaway from the brokerage's review of the SEMICON India event last week. The proposed investment would be around three times Kaynes' commitment under ISM 1.0, JPMorgan said, adding that investors should watch for a potential announcement from the company regarding its application for the OSAT project.