M&A

M&A

Kaynes, L&T Semicon to buy Fujitsu General’s power modules biz for Rs.118-Cr

Economic Times  

Kaynes Semicon and L&T Semiconductor Technologies (LTSCT) are acquiring Japanese firm Fujitsu General's power modules business for INR 118.34 crore.Fujitsu will transfer the business to Larsen & Toubro’s fabless chip company and related production facilities to Kaynes, which will in turn manufacture these products for LTSCT.The transaction is expected to close on June 23. The new OSAT (Outsourced Semiconductor Assembly and Test) facility being setup in Sanand, Gujarat, is launching its operations with a focus on the global power device packaging market.Mysuru-based Kaynes is one of the production contractors for LTSCT, which specialises in semiconductor product development, manufacturing, and sales. Kaynes is one of the four companies under the India Semiconductor Mission 1.0 building OSATs in the country.