Indian conglomerate Larsen & Toubro (L&T) has announced the acquisition of fabless semiconductor design company SiliConch Systems for Rs 183 crore. The acquisition, which is expected to be completed by September 15th, will see L&T Semiconductor Technologies acquire a 100% stake in SiliConch. This move aims to bolster L&T’s presence in the fabless semiconductor business by leveraging SiliConch’s IP, engineering skills, and design expertise.