L&T's semiconductor arm acquires Bengaluru-based SiliConch Systems

L&T Semiconductor Technologies acquired SiliConch Systems for Rs 183 crore, with Rs 133 crore upfront and Rs 50 crore deferred. SiliConch specializes in system-on-chip IP, serving OEMs and fabless integrated chip companies in automotive and IoT. The acquisition aligns with sector trends, following Accenture and Infosys deals, and is expected to complete by September 15, 2024.