From News Desk
Cyient Semiconductors has signed a definitive agreement to acquire a majority stake in Kinetic Technologies, a provider of power management, high-performance analog and mixed-signal ICs for a total consideration of up to USD 93 Mn. The combination establishes a scaled platform in the USD 40B+ power semiconductor market, accelerating Cyient Semiconductors’ growth trajectory across datacentres, electrification, automotive, networking, industrial automation and the fast-emerging edge AI compute segment.
This acquisition is important for Cyient Semiconductors’ ambition to establish an ASIC-led custom power semiconductor powerhouse in India. This shall bring together Cyient Semiconductors’ design leadership with Kinetic Technologies’ proven portfolio of high-performance analog and mixed-signal ICs – including power conversion solutions, display power, protection and interface solutions.
Powered by proprietary technologies and 100+ patents, Kinetic’s deep expertise in power and protection architectures will accelerate custom chip development, enabling Cyient Semiconductors to deliver differentiated, system-level solutions that drive superior performance, scalability and cost efficiency for customers worldwide.
The acquisition is designed to leverage and amplify Kinetic Technologies’ engineering-driven culture and its trusted customer relationships. The current leadership team and engineering organisation will continue to operate within its existing structure, with ongoing alignment to Cyient Semiconductors’ strategic direction and board oversight, ensuring the continuity for customers, partners and employees that they have come to expect for close to two decades.
“Combining Kinetic’s power management and protection IC depth with Cyient Semiconductors’ custom ASIC engine materially strengthens our platform strategy catering to exploding AI demands,” said Suman Narayan, CEO of Cyient Semiconductors. “This will help shorten development cycles and scaling our ability to solve the toughest power, thermal, and reliability problems in high volume systems. The result is custom application-specific power management ICs for data centers, communications, medical electronics, and industrial IoT, delivering superior performance and total cost efficiency.”
“Kinetic Technologies can greatly benefit from the semiconductor market opportunities, talent availability in India, and having a strategic partner like Cyient Semiconductors backing our future growth prospects,” added Kin Shum, CEO, Kinetic Technologies. “The Indian market is at the cusp of disruption in semiconductor, like how other Asian countries were 10 – 15 years ago, and being part of that journey is exciting”.
The transaction is subject to customary closing conditions. Closing is expected to occur in the coming months.
Disclaimer – The details expressed in this post are from the companies responsible for sending this post for publication. This website doesn’t endorse the details published here. Readers are urged to use their own discretion while making a decision about purchasing or using a product/service related to this company, or using this information in any way. There has been no monetary benefit to the Publisher/Editor/Website Owner for publishing this post and the Website Owner takes no responsibility for the impacts of purchasing or using these products/services on the reader, or using this information in any way.
Global Perspectives... 