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Cyient Limited ( (IN:CYIENT) ) just unveiled an announcement.
Cyient Semiconductors, a division of Cyient Limited, has acquired a majority stake in Kinetic Technologies, a global leader in power management and analog ICs, for up to USD 93 million. This strategic acquisition positions Cyient Semiconductors as a leader in the $40 billion power semiconductor market, enhancing their capabilities in high-growth sectors such as edge AI, automotive, and industrial automation while leveraging Kinetic’s expertise, patents, and established customer relationships.
More about Cyient Limited
Cyient Limited is a technology solutions company specializing in engineering, manufacturing, and digital transformation, with a focus on industries like semiconductors, aerospace, automotive, and industrial sectors.
Average Trading Volume: 41,587
Technical Sentiment Signal: Sell
Current Market Cap: 127.8B INR
Find detailed analytics on CYIENT stock on TipRanks’ Stock Analysis page.