Kaynes Technology Signs Binding Term Sheet With Vishay For OSAT Venture

Kaynes executed binding term sheet with Vishay Intertechnology and Ecomal for JV through Kaynes Semicon for semiconductor back-end services including wafer processing, assembly, test and packaging plus Vishay captive line in India, Vishay to take 49% stake pending definitive agreements and approvals. Context: anchors offtake for OSAT ramp.