VCI Global and Kinesis Manufacturing Solutions Announce India’s First Semiconductor Wire Plant to Supply Industry Giants in a Rapidly Expanding US$105 Billion Market

Core Insights - VCI Global Limited is establishing India's first semiconductor wire manufacturing plant in partnership with Kinesis Manufacturing Solutions, supporting India's self-sufficiency in semiconductor manufacturing [1][2][3] Company Overview - VCI Global will hold a 51% stake in the joint venture, while Kinesis will own 49% [4] - The plant will be located in Chennai, covering 25,000 square feet, with an initial investment of US$3.5 million [2] - Operations are expected to begin in Q3 2025, with plans to reach mass production and generate up to US$50 million in revenue within the same quarter [2] Industry Context - India's semiconductor materials market is projected to reach US$8.1 billion by 2033, growing at a CAGR of 5.22% from 2025 to 2033 [3] - The initiative aligns with the Indian government's efforts to localize the semiconductor supply chain and reduce reliance on imports [3] Strategic Goals - The establishment of the semiconductor wire plant aims to secure a high-margin revenue stream and position VCI Global as a leading supplier in India [5] - The venture is expected to expand to four production lines, targeting annual revenue of approximately US$200 million [2] Leadership and Expertise - The initiative will be led by Mr. Loh Beng Siew, who has a strong background in semiconductor manufacturing projects [4] - Kinesis has a proven track record in optimizing semiconductor factories and supply chains, enhancing the venture's potential for success [7]