Cyient announces set-up of a subsidiary for Semiconductor business
Cyient Ltd, a global Intelligent Engineering company delivering solutions for a digital, autonomous, and sustainable future, today announced the strategic expansion of its Semiconductor business with the establishment of a fully owned subsidiary. This decision marks a significant leap forward in Cyient’s commitment to innovation and excellence across the global semiconductor landscape.
City Air News
Jul 12, 2024 04:22
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Cyient Ltd, a global Intelligent Engineering company delivering solutions for a digital, autonomous, and sustainable future, today announced the strategic expansion of its Semiconductor business with the establishment of a fully owned subsidiary. This decision marks a significant leap forward in Cyient’s commitment to innovation and excellence across the global semiconductor landscape.
Krishna Bodanapu, Executive Vice Chairman & Managing Director of Cyient Limited, said, "We are excited to announce this strategic initiative that enhances our capabilities in Application Specific Integrated Circuit (ASIC) turnkey design and manufacturing. As the global semiconductor market is expected to hit a trillion dollars by 2030 and the Indian Electronics and Semiconductor Association (IESA) forecasting the industry's growth to USD 100 billion by 2030, we are well-positioned to capitalize on the vast opportunities for growth and influence in this evolving market.”
“Cyient's credentials in the semiconductor electronics sector through Cyient DET and Cyient DLM have enabled us to set-up this subsidiary to drive a dedicated focus on turnkey ASIC design and chip sales through a fabless model for analog mixed-signal chips. This subsidiary ushers a new avenue of possibilities for Cyient to enhance value to our stakeholders and we are grateful for their continued support in this journey,” he added.
