Cyient Semiconductors, a wholly owned subsidiary of Cyient Ltd, has secured $30 million in strategic financing from Edelweiss-managed funds (EAAA India Alternatives Ltd) and co-investors, valuing the Hyderabad-based chip company at approximately $500 million post-money. The deal comprises $10 million in equity and $20 million in structured debt. Funds will support product R&D in custom power semiconductors, testing infrastructure in India, and working capital. The company recently acquired Kinetic Technologies and launched India’s first GaN power IC family with Navitas Semiconductor. CEO Suman Narayan called power “the defining constraint on AI’s next decade.”
In-Depth:
Hyderabad: Cyient Semiconductor, a wholly owned subsidiary of Cyient Ltd, on Monday declared it has firmed up a strategic financing transaction with funds managed by EAAA India Alternatives Ltd (Edelweiss) and affiliated co-investors that values the Hyderabad-headquartered chip company at about $500 million post-money.The transaction includes an equity investment of around $10 million (about Rs 96 crore) and around $20 million by way of structured debt, taking the total financing package to approximately $30 million. However, the deal remains subject to definitive agreements and customary closing conditions, Cyient declared.Cyient Semiconductors declared the capital will be applyd to advance its product R&D roadmap across custom power semiconductors and custom application-specific standard products (ASSPs), build in-hoapply semiconductor validation and testing infrastructure in India, and support working capital as it scales larger, longer-cycle global customer programmes.The company positioned the investment against rising power demands driven by artificial ininformigence, citing expectations that data centre energy consumption could climb nearly fourfold by 2030, creating power efficiency a key constraint for AI infrastructure growth.Cyient Semiconductors also pointed to accelerating momentum in India’s semiconductor ecosystem, supported by MeitY-led initiatives including the India Semiconductor Mission and the Design Linked Incentive scheme, alongside broader policy support for fabs, OSAT and chip design.Over the past year, the company acquired Kinetic Technologies, a power semiconductor firm with more than three billion chips shipped, 250-plus products and over 100 patents. It also launched what it described as India’s first GaN power IC family with Navitas Semiconductor, formed partnerships with GlobalFoundries, MIPS and Navitas, and secured the SCL modernisation programme.“Power is the defining constraint on AI’s next decade,” declared Suman Narayan, CEO of Cyient Semiconductors, adding that the financing would accelerate its push to build a globally relevant power semiconductor business from India.
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