Rashi Peripherals partnered with Japan's Restar Corporation to form a joint venture, Rashi Semiconductor Solutions. Restar will acquire a 26% stake, with Rashi holding 74%. The JV will focus on semiconductor distribution and engineering for automotive and industrial electronics in India, starting operations in October 2026.
Restar Corporation signed an agreement with Rashi Peripherals Limited to establish a joint venture in India for developing semiconductor business. The JV is scheduled to commence operations from October 2026.
Rashi Peripherals will transfer its semiconductor division into a subsidiary, and Restar Corporation will acquire a 26% stake. The JV will focus on Image Sensing Solutions for industrial and automotive applications in India.