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L&T Semiconductor Tech, a wholly owned subsidiary of Larsen & Toubro, has entered into an agreement to acquire SiliConch Systems Pvt., a fabless semiconductor design company, for a total of ₹183 crore. The acquisition includes an upfront payment of ₹133 crore in cash and a deferred payment of ₹50 crore to be made over four years. This acquisition aims to enhance L&T's semiconductor business by adding intellectual property, engineering skills, and design expertise.
L&T Semiconductor Tech - a wholly owned subsidiary of L&T - has signed a deal to acquire SiliConch Systems at an upfront payment of Rs 133 crore. More details here 👇 https://t.co/0ecDnpE6Y5 @larsentoubro #Semiconductors #Technology #SemiconductorChips
📢L&T expands semiconductor business through ₹183 crore Siliconch acquisition More details here 👇 https://t.co/tRNYGAu8x1 @hormaz_fatakia https://t.co/S9FgEpcZTM
Adding IP, engineering skills and design expertise for the #semiconductor business Larsen & Toubro to acquire SiliConch Systems Pvt. for Rs. 133 crore in cash upfront and another Rs. 50 crore in deferred payments over 4 years
