Cyient Semiconductors has signed a definitive agreement to acquire a majority stake in Kinetic Technologies, a company specializing in power management and high-performance analog and mixed-signal integrated circuits, for a total consideration of up to USD 93 million.
The deal creates a combined platform in the power semiconductor market, valued at over USD 40 billion, targeting sectors including data centers, electrification, automotive, networking, industrial automation, and edge AI compute.
The acquisition combines Cyient Semiconductors' custom ASIC design capabilities with Kinetic Technologies' portfolio of analog and mixed-signal ICs, which includes power conversion solutions, display power, protection, and interface solutions.
Kinetic Technologies holds proprietary technologies and over 100 patents, with expertise in power and protection architectures that support accelerated custom chip development for system-level solutions focused on performance, scalability, and cost efficiency.
The transaction preserves Kinetic Technologies' existing leadership team and engineering organization, which will operate under its current structure while aligning with Cyient Semiconductors' strategic direction and board oversight, maintaining continuity for customers, partners, and employees.
Suman Narayan, CEO of Cyient Semiconductors, stated: “Combining Kinetic’s power management and protection IC depth with Cyient Semiconductors’ custom ASIC engine materially strengthens our platform strategy catering to exploding AI demands. This will help shorten development cycles and scaling 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.”
Kin Shum, CEO of Kinetic Technologies, stated: “Kinetic Technologies can greatly benefit from the semiconductor market opportunities, talent availability in India, and having a strategic partner like Cyient Semiconductors backing our future growth prospects. The Indian market is at the cusp of disruption in semiconductor, like how other Asian countries were 10–15 years ago, and being part of that journey is exciting.”
The transaction remains subject to customary closing conditions, with completion expected in the coming months.
