Cyient acquires majority stake in Kinetic Technologies; shares trade in green

Cyient Semiconductors Acquires Majority Stake in Kinetic Technologies to Drive Custom Power IC Leadership for Edge AI and High-Performance Compute Markets.’

Shares of Cyient Ltd. traded in green on Thursday morning after the company announced the acquisition of a majority stake in Kinetic Technologies. The shares made an intraday high of ₹1,148 apiece on the NSE.

The exchange filing read, “Cyient Semiconductors has signed a definitive agreement to acquire a majority stake in Kinetic Technologies, a global leader in power management, high-performance analogue and mixed-signal ICs for a total consideration of up to $93 million.

The combination establishes a scaled platform in the $40B+ power semiconductor market, accelerating Cyient Semiconductors’ growth trajectory across data centres, electrification, automotive, networking, industrial automation, and the fast-emerging edge AI compute segment”.

Kinetic Technologies™ designs, develops and markets proprietary high-performance analog and mixed-signal power and protection semiconductors across consumer, computing, edge AI, communications, industrial, automotive and enterprise markets.

Earlier in December, the company and Navitas Semiconductor Corporation (NVTS) entered into a strategic long-term partnership intended to advance the adoption of GaN technology in India and establish a complete, end-to-end GaN ecosystem.

Through this partnership, Navitas Semiconductor and Cyient Semiconductors intend to co-develop GaN products, digital and mixed signal ICs, GaN-based system modules and design enablement platforms targeting India’s high voltage, high power market segments such as AI data centres, electric mobility, performance computing, energy grid infrastructure and industrial electrification.