Core Viewpoint - Mitsui & Co. has signed a strategic business partnership agreement with Kaynes Semicon Private Limited and AOI Electronics Co., Ltd. to support the expansion of semiconductor back-end processing in India, aligning with the "Make in India" initiative and receiving government approval as part of a qualified program [1][2]. Group 1 - The partnership will leverage AOI Electronics' expertise in semiconductor back-end processes to assist Kaynes in launching its OSAT business and facilitate the sales of manufactured products [1]. - Mitsui has obtained exclusive rights to handle the procurement of raw materials for Kaynes from Japanese and overseas suppliers, promoting collaboration with suppliers both within and outside India [1]. - Mitsui will explore further strategic participation and has secured rights for future acquisition of shares in Kaynes [1]. Group 2 - The strategic importance of semiconductors has led many countries to develop domestic production capabilities and restructure supply chains, with Mitsui contributing to a robust and diversified global semiconductor ecosystem through its support of Kaynes [2]. - Kaynes, a leading local company related to its parent company Kaynes Technology India Limited, received government approval to start its OSAT business in September 2024, aiming to commence operations in the second half of 2026 [2]. - This initiative will support the growth of Kaynes' business and contribute to the sustainable development of India's semiconductor industry, local job creation, and the establishment of a digital society foundation [2].