L&T Semiconductor Tech Buys Power Module Design Assets Of Japan's Fujistu To Strengthen India’s Chip Ecosystem

Construction and engineering major Larsen and Toubro (L&T) has acquired the power module design assets of a Japanese firm to accelerate its foray in power electronics design and development.

"L&T Semiconductor Technologies Ltd (LTSCT), a wholly-owned subsidiary of Larsen & Toubro, has acquired the Power Module Design Assets of Fujitsu General Electronics Limited (FGEL) of Japan. The strategic acquisition adds to the innovation and design strengths of LTSCT," the company said in a statement.

As part of the deal, LTSCT has acquired FGEL’s R&D equipment, design patents and various intellectual properties related to power module technologies. 

According to the company, the acquisition will accelerate LTSCT’s foray in power electronics design and development and expand the company’s product portfolio in its focus domains of industrial, energy and automotive applications. 

This move comes at a time when India is making a concerted push to build a self-reliant, globally competitive semiconductor ecosystem.

Under the India Semiconductor Mission (ISM), launched in 2021 with an outlay of Rs 76,000 crore, the government is offering financial incentives and policy support to promote semiconductor fabrication, design, packaging, display manufacturing, and compound semiconductor projects.

Several semiconductor units— fabs, advanced packaging/ATMP/OSAT facilities—have already been approved across states including Gujarat, Andhra Pradesh, Punjab and Odisha, with cumulative investments in the range of Rs 1.6 lakh crore.

Speaking on the development, Sandeep Kumar, chief executive – LTSCT, said: “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.” 

Tadashi Hasegawa, director and COO – Fujitsu General Limited, added: “We are pleased to see our power module business become a part of LTSCT – a leading semiconductor company from India that shares our commitment to innovation and technological excellence. We are sure that this transfer will ensure the continued development and expansion of cutting-edge power module technologies, benefiting global customers and driving industry-wide advancements.” 

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