Rashi Peripherals Forms JV with Restar Corp for Semiconductor Business

Rashi Peripherals Limited has announced a joint venture with Japan's Restar Corporation to bolster its semiconductor and embedded solutions business. Rashi Peripherals will transfer its semiconductor division into a wholly owned subsidiary, in which Restar Corporation will acquire a 26% equity stake. The JV, scheduled to commence operations in October 2026, will focus on advanced Image Sensing Solutions for industrial and automotive applications, leveraging Restar's technology and Rashi's distribution network. The partnership aims to accelerate localized solution development and support India's 'Make in India' initiative.