L&T Semiconductor Technologies acquires fabless semiconductor firm SiliConch Systems for Rs 183 crore.
Larsen & Toubro's wholly-owned subsidiary L&T Semiconductor Technologies acquires fabless semiconductor design firm SiliConch Systems for Rs 183 crore. The deal includes an upfront payment of Rs 133 crore and a deferred amount of Rs 50 crore payable over four years. SiliConch, a specialist in semiconductor IP and IC design, primarily serves customers in the US. The acquisition aims to enhance L&T's engineering and design capabilities in the fabless semiconductor sector and aligns with L&T Semiconductor Technologies' overall growth strategy.
July 09, 2024
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