Cyient Semiconductors Expands with Kinetic Technologies Stake

Cyient Semiconductors announced the acquisition of a majority stake in Kinetic Technologies for up to USD 93 million. This deal aims to enhance Cyient's presence in the power semiconductor market, benefiting areas such as data centers, electrification, and automotive sectors. The transaction awaits customary closing conditions.

In a significant move, Cyient Semiconductors revealed its acquisition of a majority stake in Kinetic Technologies, valued at up to USD 93 million, on Thursday. The strategic purchase is set to bolster Cyient's position in the burgeoning power semiconductor industry, which exceeds USD 40 billion.

According to an official statement, the merger is anticipated to accelerate Cyient's expansion across various sectors including data centers, electrification, automotive, and the increasingly significant edge AI compute segment. This acquisition demonstrates Cyient's commitment to scaling its operations and maximizing its market impact.

The transaction, which remains subject to customary closing conditions, is expected to finalize in the months ahead, promising a transformative impact on Cyient Semiconductors' growth trajectory and market reach.

(With inputs from agencies.)