Cyient Semiconductors Acquires Majority Stake in Kinetic Technologies

Cyient Semiconductors signed a definitive agreement to acquire a majority stake in Kinetic Technologies for total consideration of up to USD 93 million, as part of a scaled custom power semiconductor platform strategy. The transaction later closed with Cyient investing USD 85 million, combining Cyient’s spec-to-silicon/custom ASIC/ASSP capabilities with Kinetic’s power management and protection analog/mixed-signal IC portfolio.