Kaynes Semicon, L&T arm to acquire Fujitsu General’s power modules business

Kaynes Semicon and L&T Semiconductor Technologies (LTSCT) are acquiring Japanese Fujitsu General’s power modules business for Rs 118.34 crore.

Fujitsu will transfer the business to Larsen & Toubro’s fabless chip company and related production facilities to Kaynes, which will in turn manufacture these products for LTSCT, the companies said.