SiliConch Systems to be acquired by L&T Semiconductor Technologies
L&T group firm, L&T Semiconductor Technologies has informed signing of the agreement to acquire Bengaluru-based SiliConch Systems for Rs 183 crore. As per the update, the acquisition is likely to be completed by September, subject to customary closing conditions.
The buyout is likely to add engineering skill sets and design expertise to strengthen the group's presence in the fabless semiconductor business.
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