Cyient Semiconductors acquires majority stake in Kinetic Technologies
India, April 8 -- Cyient Semiconductors announced the successful close of its USD $85 million majority-stake investment in Kinetic Technologies, a global power semiconductor solutions provider.Kinetic Technologies joins Cyient Semiconductors as a proven, revenue-generating global custom and Application-Specific Standard-Product (ASSP) company, with more than 100 silicon-proven IPs and over 250 high-volume custom and ASSPs across power management, protection, display power, and interface solutions - adding immediate product scale, IP depth and market credibility. This investment marks a major step in Cyient Semiconductors' ambition to establish a scaled semiconductor platform anchored in India and serving global markets. This also reflects a...
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