SEALSQ Corp (NASDAQ: LAES) and Kaynes SemiCon have finalized a binding agreement to form SEALKAYNESQ Ltd, a joint venture (JV) dedicated to building India’s first secure semiconductor design and personalization center. The new entity, with SEALSQ holding a 51% stake and Kaynes SemiCon holding 49%, will establish an Outsourced Semiconductor Test & Personalization (OSTP) facility at Kaynes’ manufacturing campus in Sanand, Gujarat. This strategic initiative is designed to move beyond traditional assembly and testing to provide high-assurance, sovereign semiconductor solutions for India’s mission-critical sectors, including defense, finance, government, and healthcare.

The JV will integrate SEALSQ’s advanced Quantum Shield™ architecture and Post-Quantum Cryptography (PQC) directly into the silicon of Indian-manufactured chips. This “secure-by-design” approach aims to future-proof India’s digital infrastructure against the security risks posed by upcoming quantum computers. Technical highlights of the collaboration include the deployment of the QS7001 and QVault-TPM post-quantum processors and the localized use of the INeS PKI lifecycle management platform. This facility will be the first in India to offer Common Criteria (CC) compliant wafer and final testing combined with onshore cryptographic personalization.

Strategically, this partnership aligns with the India Semiconductor Mission (ISM) and the “Make in India” initiative. Kaynes SemiCon achieved a major milestone in October 2025 by becoming the first company in India to commercially ship packaged semiconductor chips—specifically Intelligent Power Modules (IPM5)—from its Sanand facility. The JV is also poised to benefit from the Swiss-India Free Trade Agreement (FTA), which reduces customs duties on advanced semiconductor equipment by nearly 95%. Commercial production for the JV’s quantum-resilient products is expected to begin in the second half of 2026, following a certification and qualification phase in early 2026.

Read the official announcement from SEALSQ here.

January 16, 2026

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