Cyient Semiconductors Aims to Double Business by FY27 After Kinetic Tech Deal

• Cyient Semiconductors targets doubling its business by FY27, driven by strategic acquisitions and growth in ASIC and power semiconductor segments.
• The company acquired over 65% stake in US-based Kinetic Technologies for $93 million, significantly scaling operations and strengthening its power semiconductor presence.
• The Kinetic Technologies acquisition is expected to double Cyient Semiconductors' revenue, ensure positive margins, and be accretive to EPS by year two.
• Kinetic Technologies, a $40-41 million business, brings a strong product and IP portfolio with 250 ASSP products and over 100 patents.
• This deal leverages Kinetic's long-standing customer relationships and IP for Cyient's ASSP roadmap and custom ASIC business, supporting non-linear revenue growth.

Why It Matters: Cyient Semiconductors aims for significant growth by FY27, fueled by the strategic Kinetic Technologies acquisition.