Cyient Shares Surge as Arm Acquires Majority Stake in US Semiconductor Firm Kinetic

• Cyient Semiconductor acquired over 65% stake in US-based Kinetic Technologies for $93 million.
• Kinetic Technologies specializes in analog and mixed signal integrated circuit design.
• The acquisition is expected to add around 5% to Cyient's consolidated revenue and accelerate its semiconductor business growth.
• JPMorgan maintains an 'Overweight' rating on Cyient with a price target of ₹1,500.
• The deal's enterprise value to revenue multiple of 3.5x is higher than Cyient's previous acquisitions.

Why It Matters: Cyient's strategic acquisition of Kinetic Technologies aims to significantly boost its semiconductor business.