Close on the heels of Corning International Corporation relocating its unit from Telangana to Tamil Nadu, another multinational major, Kaynes Semicon, is reportedly shifting its chip assembly unit from Telangana to Gujarat.

One of the leaders in Outsourced Semiconductor Assembly and Test (OSAT) facilities, Kaynes Technology had in October last signed a pact with the State government for setting up its OSAT and compound semiconductor manufacturing facility in the State.

The Rs.2,800 crore investment project was expected to generate employment to 2,000 persons.

The proposed facility was to come up in Kongara Kalan, adjacent to the upcoming electronics manufacturing facility of Foxconn.

Kaynes Technology has already applied for central government incentives for its proposed OSAT at Sanand, and the application is expected to be approved in the next few days, the report added.