Cyient Semiconductors has entered into a definitive agreement to acquire a majority stake in Kinetic Technologies, a global leader in power management and high-performance analog and mixed-signal ICs. The total consideration for this acquisition is up to USD 93 million (approximately ₹773 crore). This strategic move aims to establish a significant platform in the $40 billion plus power semiconductor market, accelerating Cyient Semiconductors' growth across key sectors including data centers, electrification, automotive, networking, industrial automation, and edge AI compute. The acquisition is described as a transformational step for Cyient Semiconductors' ambition to become India's first ASIC-led custom power semiconductor powerhouse. By combining Cyient Semiconductors' design leadership with Kinetic Technologies' existing portfolio of power conversion, display power, protection, and interface solutions, the company anticipates a strong leadership position in high-growth markets. Kinetic Technologies, with its proprietary technologies and over 100 patents, is expected to accelerate custom chip development and deliver differentiated, system-level solutions. The leadership team and engineering organization of Kinetic Technologies will continue to operate within their existing structure, ensuring continuity for customers, partners, and employees. Suman Narayan, CEO of Cyient Semiconductors, stated that the combination will strengthen their platform strategy for AI demands, shorten development cycles, and enhance their ability to solve complex power and thermal issues. Kin Shum, CEO of Kinetic Technologies, expressed excitement about the semiconductor market opportunities in India and the strategic backing from Cyient Semiconductors. The transaction is subject to customary closing conditions, with closing expected to occur in the coming months. Cyient Semiconductors is a Hyderabad-headquartered provider of custom ASIC/ASSP solutions, while Kinetic Technologies, based in San Jose, California, designs and markets proprietary high-performance analog and mixed-signal power and protection semiconductors.