VCI Global and Kinesis Manufacturing Solutions Announce India’s First Semiconductor Wire Plant to Supply Industry Giants in a Rapidly Expanding US$105 Billion Market
KUALA LUMPUR, Malaysia, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Accelerating India’s semiconductor transformation and solidifying its position in the industry’s supply chain, VCI Global Limited (NASDAQ: VCIG) (“VCI Global” or the “Company”) is establishing India’s first semiconductor wire manufacturing plant in partnership with Kinesis Manufacturing Solutions Sdn Bhd (“Kinesis”). This strategic initiative aligns with and supports the Indian government’s effort to build a self-sustained semiconductor ecosystem.
The VCI Global-Kinesis plant will focus on producing semiconductor bonding wires, a crucial component in chip manufacturing. The 25,000-square-foot facility will be located in Chennai, with an initial investment of US$3.5 million. Operations are set to begin in the third quarter of 2025 with a single production line. By reaching mass production within the same quarter, the plant is projected to generate up to US$50 million, resulting in a return on investment (ROI) within 12 months. There are plans to expand to four production lines in the near future, aiming for an annual revenue of approximately US$200 million.
As India advances its goal of becoming a global semiconductor powerhouse and aligns its strategies with the Smart Cities Mission, the development of large-scale fabrication and packaging facilities is driving a surge in demand for semiconductor materials. This rising demand is reflected in market projections, with IMARC estimating that India’s semiconductor materials market will reach US$8.1 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.22% from 2025 to 2033. This growth is further fueled by foreign direct investment (FDI) and government incentives promoting supply chain localization. In response, VCI Global and Kinesis are strategically positioned to establish India’s first semiconductor wire plant, reducing reliance on imports and strengthening the supply chain for critical infrastructure.
Prominent Semiconductor Expansions in India:
- Lam Research Corporation: Investing approximately US$1.2 billion to establish a manufacturing facility in Karnataka, located in the southwestern region of India.
- Micron Technology Inc: Establishing a semiconductor assembly and test facility in Sanand, Gujarat, with an investment of US$2.75 billion.
- Crompton Greaves Limited: Collaborating with Renesas Electronics America Inc. and Star Microelectronics (Thailand) Public Co Ltd to set up an outsourced semiconductor assembly and test (OSAT) unit, with a total investment of approximately US$877 million.
- Powerchip Semiconductor Manufacturing Corporation: Partnership with Tata Electronic Private Limited to establish a semiconductor fabrication facility in Dholera Special Investment Region (SIR). This project is valued at approximately USD11 billion, with production slated to commence by 2026.
This joint venture will be majority-owned by VCI Global, with a 51% stake, while Kinesis will hold the remaining 49% stake. The venture will be led by Mr. Loh Beng Siew, a key member of the Kinesis team, who previously established Ultra Clean Technology’s first factory in Malaysia and led AllianceCorp Manufacturing Sdn Bhd to become Malaysia’s first manufacturer of weldments for front-end semiconductor equipment. Backed by the Kinesis team’s exceptional track record in greenfield and brownfield semiconductor manufacturing projects, the leadership is well-positioned to drive the initiative’s success.
“With this strategic venture, VCI Global aims to become a leading supplier in India, providing a critical component for semiconductor packaging and chip manufacturing. Establishing the country’s first semiconductor wire plant secures a high-margin revenue stream and aligns us with the world’s top semiconductor players. As the Indian government drives domestic semiconductor manufacturing and major players expand into the region, we are seizing a rare opportunity to lead a vital niche in the global supply chain,” said Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global.
About VCI Global Limited
VCI Global is a diversified global holding company with a strategic focus on AI & Robotics, Fintech, Cybersecurity, Renewable Energy, and Capital Market Consultancy. With a strong presence in Asia, Europe, and the United States, VCI Global is committed to driving technological innovation, sustainable growth, and financial excellence across multiple industries.
For more information on the Company, please log on to https://v-capital.co/.
About Kinesis Manufacturing Solutions Sdn Bhd
Kinesis specializes in precision manufacturing and semiconductor fabrication support, with proven track record of building and optimizing semiconductor factories and supply chains. Leveraging deep industry expertise and strong execution capabilities, Kinesis is a trusted player for delivering high-quality, scalable solutions that drive innovation and efficiency in semiconductor production.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company’s ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company’s products and the Company’s customers’ economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company’s filings with the United States Securities and Exchange Commission (“SEC”). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
CONTACT INFORMATION:
For media queries, please contact:
VCI GLOBAL LIMITED
enquiries@v-capital.co


TIN LIÊN QUAN
Semiconductor Assembly and Testing Services (SATS) Market
Growing Chip Demand Drives Global SATS Industry...
Advantest Participates in Mobile World Congress 2023 in
TOKYO, Feb. 20, 2023 (GLOBE NEWSWIRE) -- Leading semiconductor test equipment supplier Advantest Corporation (TSE: 6857) will feature its latest test...
THỦ THUẬT HAY
Chuyển Blogger sang tên miền riêng thật đơn giản
Sau một thời gian phát triển Blog trên nền tảng của Google bạn khá khó chịu khi có một tên miền dài ngoằng không chuyên nghiệp và bạn quyết định sẽ đầu tư một tên miền dễ nhớ hơn để tăng tính chuyên nghiệp nội dung
Nhận miễn phí bản quyền 6 tháng Advanced SystemCare 11 PRO từ Sharewareonsale
Đây là một tiện ích giúp người dùng tối ưu hóa hiệu suất và ngăn chặn khá nhiều loại virus dành cho máy tính nhờ sử dụng công nghệ bảo mật tốt nhất của BitDefender.
Đăng nhập tài khoản Google bằng cách chấp nhận từ máy khác
Nếu kích hoạt bảo mật 2 lớp với tài khoản Google thì bạn phải nhập mật khẩu, sau đó sẽ nhận được một mã kích hoạt gửi đến email hoặc số điện thoại của chúng ta để nhập vào.
Video demo quá trình cài đặt, gỡ bỏ ứng dụng và so sáng tốc độ giữa Installer 5 với Cydia
Các nhà phát triển AppTapp hứa hẹn sẽ mang tới cho cộng đồng jailbreak một công cụ hỗ trợ cài đặt mới với giao diện đẹp mắt, tích hợp nhiều tính năng hữu ích và có thể thay thế tốt cho Cydia.
Hướng dẫn khắc phục lỗi không kết nối được loa bluetooth với laptop Win 7
Nhu cầu thưởng thức âm nhạc bằng cách kết nối loa bluetooth với laptop win 7 vẫn luôn được người dùng ưa chuộng vì tính tiện dụng của loại hình kết nối không dây này. Vậy nếu một ngày gặp lỗi không kết nối được thì
ĐÁNH GIÁ NHANH
Đánh giá Acer Nitro 5: Phiên bản nâng cấp hơn về thiết kế và cấu hình
Cảm nhận của mình là lớp vỏ nhựa giả vân carbon này ít bám vân tay và cho cảm giác hoàn toàn khác khi sử dụng, phải nói là thú vị mới đúng. Một số người khi nhìn thấy nghĩ là mình dán carbon, một số người thì nghĩ sao
Trên tay Nokia G20: Hiệu năng đủ dùng, được nâng cấp về camera, đi kèm mức giá bán hấp dẫn
Nokia G20 thuộc dòng G Series là smartphone tầm trung mới nhất của Nokia. Sản phẩm sở hữu thiết kế giọt nước quen thuộc, hiệu năng đủ dùng, đồng thời được cải tiến về cụm camera và đi kèm đó là mức giá cả vô cùng hấp
Mở hộp Sony XPERIA L1 Dual: Màn hình 5.5 inches, camera 13 MP, nổi bật trong phân khúc giá 4.490.000 đồng
Sau khi chính thức ra mắt tại Việt Nam, Sony XPERIA L1 Dual nhanh chóng trở thu hút sự quan tâm của nhiều người với mức giá dưới 5 triệu đồng. Đây hứa hẹn là một sản phẩm sẽ tạo nên làn sóng trong phân khúc giá này.