Cyient has received Board approval to proceed with its strategic acquisition of Kinetic Technologies, with the Board of Directors approving a definitive agreement to acquire a majority stake exceeding 65% in the US-based power semiconductor company for up to $93 million.

Board Approval and Transaction Structure

The Board of Directors of Cyient Limited, at their meeting held on December 17, 2025, accorded approval to enter into a definitive agreement for the acquisition. The transaction will be executed through Cyient's wholly owned subsidiary, Cyient Semiconductors Singapore Pte. Ltd.

Strategic Rationale and Market Positioning

The acquisition represents a transformational step in Cyient's semiconductor ambition to establish India's first ASIC-led custom power semiconductor powerhouse. The combination establishes a scaled platform in the $40 billion power semiconductor market, accelerating Cyient Semiconductors' growth trajectory across data centers, electrification, automotive, networking, industrial automation, and the fast-emerging edge AI compute segment.

Suman Narayan, CEO of Cyient Semiconductors, stated that combining Kinetic's power management and protection IC depth with Cyient Semiconductors' custom ASIC engine materially strengthens their platform strategy catering to exploding AI demands. This will help shorten development cycles and scale their ability to solve the toughest power, thermal, and reliability problems in high volume systems.

About Kinetic Technologies

Kinetic Technologies, incorporated in 2006 and headquartered in San Jose, California, is a power semiconductor company with deep expertise in analog and mixed-signal design. The company operates as a fabless semiconductor manufacturer with R&D centers based in Silicon Valley and Asia, delivering high-performance integrated circuits for efficient power delivery and signal conditioning across global markets.

Technology and Product Portfolio

Powered by proprietary technologies and 100 patents, Kinetic's deep expertise in power and protection architectures will accelerate custom chip development. The company's product portfolio includes power conversion solutions, display power, protection, and interface solutions that convert, protect, regulate, and monitor power consumed by analog and digital semiconductors and other electronic loads.

Kin Shum, CEO of Kinetic Technologies, noted that the company can greatly benefit from the semiconductor market opportunities, talent availability in India, and having a strategic partner like Cyient Semiconductors backing their future growth prospects.

Transaction Terms and Regulatory Compliance

The transaction does not fall within related party transactions, and no promoter/promoter group/group companies have any interest in the entity being acquired. Cyient has made the necessary disclosures under Regulation 30 of SEBI (LODR) Regulations, 2015, and complied with the requirements of BSE and NSE circulars regarding acquisition disclosures. No governmental or regulatory approvals are required for this acquisition, and closing is expected to occur in the coming months.

Cyient has announced the strengthening of its Middle East operations to drive intelligent engineering solutions across key infrastructure sectors. The enhanced regional presence positions the company to deliver advanced engineering services in four critical sectors experiencing substantial growth in the Middle East: energy, utilities, transportation, and connectivity.

Strategic Enhancement of Regional Operations

The strengthened operations focus on delivering intelligent engineering solutions that leverage advanced technologies and methodologies. This strategic initiative aims to capitalize on the increasing demand for sophisticated engineering solutions in the region's rapidly evolving infrastructure landscape.

Intelligent Engineering Capabilities

Cyient's enhanced Middle East operations emphasize intelligent engineering approaches that integrate cutting-edge technologies with traditional engineering expertise. The energy sector focus addresses the region's transition toward smart energy systems and sustainable infrastructure development.

The utilities component supports the growing demand for intelligent utility networks and automated systems. The transportation sector enhancement positions Cyient to deliver smart mobility solutions, while the connectivity focus addresses advanced telecommunications and digital transformation requirements.

Market Positioning and Growth Impact

The strengthened Middle East presence aligns with Cyient's strategy to expand its intelligent engineering capabilities in high-growth markets. The region's emphasis on smart city development and infrastructure modernization creates significant opportunities for providers of intelligent engineering solutions.

This enhancement demonstrates Cyient's commitment to delivering technology-driven engineering services that meet the evolving needs of Middle Eastern markets across multiple sectors. By focusing on these key areas, Cyient aims to contribute to regional growth and drive innovation in intelligent engineering solutions across the Middle East.