Sanken, Kaynes to explore partnership in manufacturing LEDs, power devices
The collaboration seeks to boost the companies’ competitive position in India’s market. By leveraging their resources and capabilities, Sanken Electric and Kaynes aim to mitigate risks associated with fluctuations in demand while maximizing investment efficiency.
Japan’s Sanken Electric has announced that it has reached an agreement with Kaynes Semicon Private Limited, an India-based provider of semiconductor assembly and test services (OSAT) headquartered in Karnataka, to explore a strategic collaboration in outsourced manufacturing of LEDs and power devices in India.
The proposed collaboration is intended to strengthen the companies’ competitive position in India’s growing market. By leveraging the respective resources and capabilities of both companies, Sanken Electric and Kaynes aim to mitigate risks associated with fluctuations in demand while maximizing investment efficiency, Sanken said in a press release.
“By combining Sanken Electric’s global customer base and high-quality product portfolio with Kaynes’ manufacturing capabilities in India, the two companies intend to pursue new business opportunities across India’s automotive, industrial, and consumer markets,” Sanken Electric said.
In the LED business, Sanken Electric will explore opportunities for expanding its presence in the Indian market, with Kaynes providing support as a OSAT partner.
Going forward, the two companies will continue to discuss key matters for consideration on the outsourced manufacturing of LEDs and power devices, the press release said.
