Cyient subsidiary to acquire over 65% stake in Kinetic Technologies for up to USD 93M
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Cyient's wholly owned subsidiary Cyient Semiconductors Singapore will acquire a majority stake exceeding 65% in US-based power semiconductor firm Kinetic Technologies for up to USD 93 million in cash. Kinetic, founded in 2006, specializes in analog and mixed-signal IC design for power delivery and signal conditioning. Its revenue was USD 63M in CY23, USD 37M in CY24, and an estimated USD 41M in CY25. The deal aims to strengthen Cyient's custom power IC capabilities for Edge AI and high-performance compute markets. Acquisition expected to close by April 30, 2026.
Expands Cyient's semiconductor portfolio in high-growth AI and compute segments. USD 93M cash outlay is sizable; integration and synergy delivery will be key.