Indian IT firm Cyient’s subsidiary, Cyient Semiconductors, plans to acquire a majority stake in California-based Kinetic Technologies for up to $93m, aiming to bolster its position in the $40bn global power semiconductor market. The deal will expand Cyient Semiconductors’ reach in industries like data centers, automotive, and networking, leveraging Kinetic Technologies’ power management solutions and patents. The merger will combine Cyient Semiconductors’ ASIC design capabilities with Kinetic Technologies’ products, aiming to deliver enhanced system-level solutions to customers worldwide. The acquisition is expected to be finalized in the coming months, subject to standard closing conditions.

Read more at Yahoo Finance.: Cyient Semiconductors to buy majority stake in Kinetic Technologies