SEALSQ, Kaynes Semicon to launch semiconductor centre in India

Core Insights - SEALSQ and Kaynes SemiCon have established a joint venture named SEALKAYNESQ to create India's first secure semiconductor design and personalisation centre [1][2] - SEALSQ will hold a 51% stake in the joint venture, while Kaynes SemiCon will own 49%, with governance shared through a five-member board [1] - The facility will focus on advanced semiconductor test and personalisation services, integrating public key infrastructure (PKI) and post-quantum cryptography (PQC) [2][3] Company Developments - Kaynes SemiCon's CEO emphasized the collaboration's role in positioning India on the global semiconductor map and driving the country's ambition for semiconductor self-reliance [4] - SEALSQ plans to introduce various advanced components, including PQC-ready chips and secure elements, to support sectors like finance, healthcare, and defense [4][5] - SEALSQ's CEO highlighted the partnership as a means to leverage local manufacturing expertise to enter the Indian market [6] Strategic Alignment - The joint venture aligns with India's semiconductor strategy and global supply chain security initiatives, benefiting from the recently signed Swiss–India Free Trade Agreement [6] - The agreement provides customs relief for 94.7% of Swiss exports to India, which will reduce costs for imported semiconductor equipment and technology [7] Financial Overview - Kaynes Technology India, the parent company of Kaynes SemiCon, reported trailing 12-month revenue of $340 million as of mid-September 2025, with a market capitalization of $5.44 billion [7]