SEALSQ and Kaynes SemiCon Announce Joint Venture to Establish India's First Secure Semiconductor Center for Onshore Personalization and Quantum-Resistant Technology

Core Viewpoint - SEALSQ Corp has announced a joint venture with Kaynes SemiCon to establish SEALKAYNESQ Ltd in India, focusing on semiconductor design and personalization, enhancing India's position in the global semiconductor supply chain [1][4]. Group 1: Joint Venture Details - The joint venture will create an Outsourced Semiconductor Test & Personalization (OSTP) facility at Kaynes SemiCon's site in India, enhancing capabilities with advanced testing services compliant with Common Criteria standards [2]. - SEALSQ will hold 51% of the joint venture's share capital, while Kaynes SemiCon will hold 49%, with governance shared equally [3]. Group 2: Strategic Importance - This partnership combines SEALSQ's expertise in cybersecurity and post-quantum cryptography with Kaynes SemiCon's manufacturing capabilities, aligning with India's national semiconductor strategy [4]. - The localized deployment of SEALSQ's Quantum Shield semiconductor in India aims to provide secure post-quantum computing resilience across various sectors [2][5]. Group 3: Technological Contributions - SEALSQ's portfolio includes PQC-ready chips and secure elements, which can help India secure critical sectors such as finance, healthcare, and defense against quantum computing threats [5]. - The integration of quantum technologies into semiconductor solutions is expected to enhance the security and efficiency of devices in critical industries [8]. Group 4: Market Position and Future Prospects - Kaynes SemiCon is on track to become the first company in India to deliver packaged semiconductor chips by October 2025, marking a significant milestone for India's semiconductor ambitions [9]. - The joint venture will benefit from the Swiss–India Free Trade Agreement, which will reduce costs associated with importing advanced semiconductor equipment [10]. Group 5: Financial Overview - As of mid-September 2025, Kaynes Technology's trailing twelve-month revenue was $340 million, with a market capitalization of $5.44 billion, indicating a strong financial foundation for scaling semiconductor initiatives [11].