Mysore/Mysuru: Following social media reports of Kaynes Technology moving out of Karnataka to set up a semiconductor plant in Telangana with an investment of Rs. 2,800 crore instead of setting up the Rs. 3,750-crore semiconductor manufacturing facilities at Kochanahalli near Nanjangud, Mysuru, the company has clarified that it will not move out of Karnataka.
Speaking to Star of Mysore this morning, Col. Sharath Bhat, President, International Business, heading Market and New Initiatives at Kaynes Technology, Mysuru, dismissed these reports as unfounded.
