India, April 8 -- Cyient Semiconductors has announced the successful closure of its $85 million majority stake investment in Kinetic Technologies, marking a significant step in its global expansion strategy.
Kinetic Technologies, a revenue-generating semiconductor company, brings with it a strong portfolio of over 100 silicon-proven IPs and more than 250 high-volume custom and Application-Specific Standard Products (ASSPs) across power management, protection, and interface solutions. The acquisition is expected to enhance Cyient's product scale, intellectual property depth, and market presence.
The deal aligns with Cyient Semiconductors' ambition to build a globally competitive semiconductor platform anchored in India, targeting a $44 bil...