Cyient Semiconductors Acquires 74% Stake in Kinetic Technologies for $85 Mn
The deal is aimed at building a globally competitive semiconductor platform from India, with a focus on power and compute infrastructure.
Hyderabad-based Cyient Semiconductors has completed the acquisition of a 74% stake in Kinetic Technologies, a San Jose-based chipmaker, for $85 million, marking a significant step in its global expansion strategy.
The investment is slightly below the previously announced $93 million commitment made in December when the companies signed a definitive agreement.
The acquisition brings Kinetic Technologies under Cyient Semiconductors’ platform while allowing it to retain its existing leadership and operational structure.
The deal is aimed at building a globally competitive semiconductor platform from India, with a focus on power and compute infrastructure. By combining Cyient’s spec-to-silicon engineering capabilities with Kinetic’s portfolio, the partnership is expected to strengthen offerings in power management and protection integrated circuits.
Kinetic Technologies contributes more than 100 silicon-proven intellectual properties and over 250 products, enhancing the combined entity’s technology stack and market reach.
“Kinetic Technologies’ proven leadership in power and protection ICs, combined with our custom silicon and ASSP expertise and access to world-class talent and manufacturing ecosystems, positions us to drive the next wave of intelligent power semiconductor solutions across critical markets,” Suman Narayan, Cyient Semiconductors CEO, said in a statement.
The companies said the collaboration will support innovation, expand global reach, and contribute to India’s semiconductor ambitions under the India Semiconductor Mission. Engineering and customer-facing teams will remain unchanged to ensure continuity.
“This partnership expands our engineering capacity and manufacturing in India, accelerates our R&D roadmap,” Kin Shum, Kinetic Technologies CEO, noted, adding that it will help address complex power challenges.
The combined entity aims to scale operations and deliver advanced semiconductor solutions across computing and industrial sectors worldwide.
