Semicon Push: Kaynes, L&T Arm To Buy Fujitsu’s Power Modules Biz

In a significant push for India's semiconductor ambitions, Kaynes Technology's subsidiary, Kaynes SemiCon, has signed an agreement to acquire the power modules business of the Japanese tech giant Fujitsu. This acquisition will provide Kaynes with access to advanced technology, intellectual property, and a global customer base in the field of power semiconductors, which are crucial components in electric vehicles, renewable energy systems, and other industrial applications. The deal is a strategic move by Kaynes to build its capabilities in the high-tech semiconductor manufacturing space and align with the Indian government's 'Make in India' and Production Linked Incentive (PLI) schemes for electronics manufacturing. This acquisition will help the company move up the value chain and establish itself as a key player in the nascent but rapidly growing Indian semiconductor ecosystem.