Larsen & Toubro’s (L&T) wholly owned subsidiary -- L&T Semiconductor Technologies (LTSCT) has entered into a Share Purchase Agreement on July 8, 2024 for acquisition of 100% stake in SiliConch Systems (SiliConch). The acquisition is expected to add IP, engineering skillsets and design expertise to strengthen the Group’s presence in fabless semiconductor business, and thus aligns with the overall growth strategy of LTSCT. The acquisition of SiliConch is expected to be completed by September 15, 2024, subject to customary closing conditions.
L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services.
