Cyient acquires over 65% stake in US-based semiconductor company for Rs 838 crore
Cyient Semiconductors has acquired a stake of over 65 per cent in the United States-based semiconductor company Kintetic Technologies for $93 million, or Rs 838.6 crore. In an exchange, Cyient stated that the acquisition is aimed at accelerating the company’s growth trajectory across the data centre, automation, and AI compute segments.
