Cyient Acquires Kinetic Technologies for $85M
Key Takeaways
- 1Cyient Semiconductors acquires Kinetic Technologies for $85 million.
- 2Enhances custom ASIC capabilities in power management.
- 3Strengthens India's position in semiconductor manufacturing.
Cyient Semiconductors, a Hyderabad-based ASIC firm, has acquired a majority stake in Kinetic Technologies for $85 million, a strategic move to enhance its power management portfolio. This acquisition comes as Cyient aims to solidify its position in the semiconductor market, leveraging Kinetic’s extensive IP portfolio with over 100 patents and 250 application-specific products. The integration is expected to double their serviceable addressable market to $8.5 billion, with a focus on DC-to-DC conversion solutions.
The acquisition is indicative of a broader trend towards strengthening local semiconductor capabilities in India. By aligning with Kinetic Technologies, Cyient not only expands its product offerings in power conversion but also establishes a foothold in the emerging market for intelligent silicon solutions. This move is critical in reducing dependency on foreign semiconductor technologies and enhancing national sovereignty in chip manufacturing.