Cyient Semiconductors, a Hyderabad-headquartered provider of custom ASIC/ASSP solutions, has signed a definitive agreement to acquire a majority stake in Kinetic Technologies, a global leader in power management, high-performance analog and mixed-signal ICs, for a total consideration of up to $93 million.
Bringing together Cyient Semiconductors’ design leadership with Kinetic Technologies’ proven portfolio of high-performance analog and mixed-signal ICs – including power conversion solutions, display power, protection, and interface solutions—the company is positioned to take a strong leadership position in high-growth markets.
Powered by proprietary technologies and 100+ patents, Kinetic’s deep expertise in power and protection architectures will accelerate custom chip development, enabling Cyient Semiconductors to deliver differentiated, system-level solutions that drive superior performance, scalability, and cost efficiency for customers worldwide.
The acquisition is designed to leverage and amplify Kinetic Technologies’ engineering-driven culture and its trusted customer relationships. The current leadership team and engineering organization will continue to operate within its existing structure, with ongoing alignment to Cyient Semiconductors’ strategic direction and board oversight, ensuring the continuity for customers, partners, and employees that they have come to expect for close to two decades.
Suman Narayan, CEO of Cyient Semiconductors, said, “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, Kinetic Technologies, said, “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.”
