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Cyient Semiconductors to acquire majority stake in Kinetic Technologies for US$93 million

Jingyue Hsiao, DIGITIMES Asia, Taipei 0

Credit: AFP

Cyient Ltd's wholly owned subsidiary, Cyient Semiconductors Singapore Pte Ltd, has entered into a definitive agreement to acquire over 65% of US-based power semiconductor company Kinetic Technologies for US$93 million. The transaction is expected to...

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