AXISCADES' XIDA to acquire Silicon Valley-based ITSJ business — a ready-made US base inside the AI hardware supply chain
· Source: tribuneindia.com
In short
AXISCADES Technologies Limited announced that its Board of Directors approved the acquisition of substantially all business assets of San Jose-based ITSJ Group, Inc. by XIDA Inc., the group's US AI-infrastructure subsidiary. The deal, valued at up to US$ 7.0 million with only US$ 2.5 million in cash at completion, gives XIDA a Silicon Valley engineering and manufacturing base plus qualified supplier positions with top semiconductor-equipment makers and a leading hyperscaler. The move aims to build a tariff-resilient delivery model combining US front-end presence with Indian engineering capabilities.
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Tags: supply chain, semiconductor, manufacturing, acquisition, data centre