Cyient arm to acquire over 65% stake in US-based power semiconductor co Kinetic Technologies for $93 million
Cyient Semiconductors Singapore Pte Ltd, which is a wholly owned subsidiary of Cyient Semiconductors Private Limited, has entered into a definitive agreement to acquire the majority stake in Kinetic Technologies, Cyient informed the bourses on Wednesday.Kinetic’s 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 to ensure continuity for customers, partners, and employees, Cyient said.According to Hyderabad-based Cyient, the acquisition was being done with an eye on driving custom power IC leadership in Edge AI and high-performance compute markets and would be a game-changer for Cyient Semiconductors’ ambition to set up India’s first ASIC-led custom power semiconductor powerhouse.Kinetic, which was incorporated in 2006, develops high-performance ICs for efficient power delivery and signal conditioning for global markets.
It has a deep expertise in analog and mixed-signal design, including power conversion solutions, display power, protection, and interface solutions.Bringing 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—the company is positioned to take a strong leadership position in high-growth markets.Cyient Semiconductors CEO Suman Narayan said combining Kinetic’s power management and protection IC depth with Cyient Semiconductors’ custom ASIC engine materially will strengthen their platform strategy to cater to exploding AI demands.“This will help shorten development cycles and scale 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,” he said.Kinetic Technologies CEO Kin Shum said Kinetic Technologies could benefit greatly from the semiconductor market opportunities, talent availability in India with the backing of a partner like Cyient Semiconductors.
