L&T Semiconductor Technologies completed the acquisition of the power modules business from Fujitsu General for $13.8m.

L&T Semiconductor Technologies, a semiconductor product company, completed the acquisition of the power modules business from Fujitsu General, a company that engages in manufacturing, sales, and services for air conditioners and telecommunications fields, for $13.8m. “The acquisition of power module technology is a crucial step in LTSCT’s growth journey and an important step towards our vision of enhancing India’s presence in the global semiconductor ecosystem. This significantly strengthens our global intellectual property portfolio, and enhances our design capabilities, thus reinforcing our commitment to delivering world-class semiconductor solutions globally,” Mr.Sandeep Kumar, LTSCT Chief Executive.