SEALSQ and Kaynes SemiCon have signed a term sheet to create SEALKAYNESQ, a joint venture (JV) aimed at establishing India’s first secure semiconductor design and personalisation centre.
The JV will see SEALSQ take a 51% stake, with Kaynes SemiCon holding the remaining 49%. Both companies will share governance through a five-member board. SEALSQ is a subsidiary of WISeKey International.
WISeKey and SEALSQ will licence intellectual property (IP) exclusively to the JV. Any new IP generated will be owned by SEALKAYNESQ.
The facility will be based at Kaynes SemiCon’s manufacturing site, focusing on advanced semiconductor test and personalisation services that meet common criteria standards.
The centre will integrate public key infrastructure (PKI) and post-quantum cryptography (PQC) personalisation, targeting compliance with national security regulations and delivering solutions for critical infrastructure sectors.
Kaynes SemiCon CEO Raghu Panicker said: “This collaboration is a testament to our commitment to put India on the global semiconductor map. At Kaynes SemiCon, we have accelerated every step from design to prototype to mass production, driving India’s ambition to achieve semiconductor self-reliance.”
SEALSQ intends to bring PQC-ready chips, secure elements, crypto-processor IPs, PKI lifecycle platforms (INeS), VaultIC hardware security modules, QS7001, and QVault-TPM post-quantum secure processors to the partnership.
These components are designed to provide chip-level PQC personalisation and support deployment in finance, healthcare, government, defence, and IoT environments operating under Indian national security requirements.
A key objective is the local deployment of the SEALSQ Quantum Shield semiconductor, which is engineered for post-quantum security resilience.
SEALSQ CEO Carlos Moreira said: “This partnership with Kaynes SemiCon leverages SEALSQ’s expertise in building advanced semiconductor personalisation and design to enter India’s vibrant market through a trusted local manufacturer.”
This collaboration aligns with India’s semiconductor strategy and global supply chain security initiatives. It is also expected to benefit from the Swiss–India Free Trade Agreement signed after 16 years of negotiations.
The agreement grants customs relief to 94.7% of Swiss exports to India, enabling cost reductions for imported semiconductor equipment, technology, and components.
Kaynes SemiCon’s parent company, Kaynes Technology India, recorded trailing 12-month revenue of $340m as of mid-September 2025 and has a market capitalisation of $5.44bn.
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