Kaynes Announces Acquisition With Digicom

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  • Kaynes has also acquired a 13.2 percent stake in Mixx Technologies Inc
  • Last year, Kaynes started the construction of an Outsourced Semiconductor, Assembly and Test (OSAT) facility in Telangana

Recently, Kaynes Technology has signed an acquisition with Digicom Electronics.

According to Deepak Chadha, Chief Executive of Business Operations at Kaynes Technology India Ltd., this move is instrumental in broadening their presence in the US market. Chadha explained, “This acquisition enables us to undertake small-scale builds and prototyping in the US. When it comes to large-scale manufacturing, we can leverage our capabilities in India. Additionally, the last-mile box build can be executed in the US, just before shipping to our customers in the region.”

With an agenda to position itself as a comprehensive “silicon to systems” manufacturer specialising in Artificial Intelligence (AI) and high-performance computing infrastructure, Kaynes has also acquired a 13.2 percent stake in Mixx Technologies Inc.

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Vivek Raghuraman, Chief Executive at Mixx Technologies, highlighted the increasing interest in this technology among various companies due to its benefits in power efficiency, performance and density, especially in the context of AI applications.

Last year, Kaynes started the construction of an Outsourced Semiconductor, Assembly and Test (OSAT) facility in Telangana. The overall investment in this project was Rs. 2,850 crore. After its debut in November 2022, the company secured Rs. 1,400 crore in funding in 2023 from prominent investors, including Nomura, Goldman Sachs, PSP Investments, Norges Bank, Carmignac, BNP Paribas and Acacia.

Mixx Technologies, a deep-tech semiconductor startup established in May last year, focuses on introducing three-dimensional scalability to generative AI and high-performance computing systems. By integrating photonic circuits and advanced packaging, Mixx aims to advance the semiconductor ecosystem in a relatively new area, using photons for data transmission instead of electrons.

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