AZB & Partners advised L&T Semiconductor Technologies (LTSCT) and Kaynes Semicon Private Limited (Kaynes Semicon) on the recent ¥2 billion cross-border transaction, which marks a significant milestone in India-Japan semiconductor collaboration. The transaction is subject to regulatory approvals.
It involves Fujitsu General’s power modules business being acquired by LTSCT, with production facilities being transferred to Kaynes Semicon. This strategic acquisition that will drive India’s semiconductor manufacturing ambitions forward!
The AZB deal team comprised Senior Partner Aarthi Sivanandh, Partner Bhavana Alexander and Associate Keerthi Chowdary.
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Why This Deal Matters
Boosts India’s semiconductor capability: L&T and Kaynes gain advanced power module manufacturing know-how
Iconic cross-border legal work: AZB & Partners alongside Japanese counsel TMI Associates handled cross-jurisdiction complexities
Aligns with India’s OSAT push: Integrates neatly with government-backed efforts to build in-country chip assembly and test facilities
Key Highlights
Buyer: LTSCT acquires Fujitsu General’s power modules business
Production Transfer: Manufacturing assets will be moved to Kaynes Semicon, an OSAT specialist
Strategic Goal: Strengthen India–Japan semiconductor collaboration, aligning with India’s semiconductor manufacturing mission
Structure: Acquisition valued at ₹118–159 crore, subject to regulatory approvals
Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
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