Cyient launches semiconductor subsidiary

Indian engineering and exertion services institution Cyient has established a wholly owned subsidiary, Cyient Semiconductors.

The subsidiary has been launched with an concern of astir Rs8.62bn ($100m), The Times of India reported.

In conjunction with the launch, Cyient appointed Suman Narayan arsenic the CEO of the recently formed entity.

The semiconductor concern volition absorption connected scaling application-specific integrated circuit (ASIC) turnkey solutions for its customers.

Narayan said: “India is connected the cusp of a semiconductor revolution, and Cyient is well-positioned to beryllium astatine the forefront of this transformation.

“With our heavy domain expertise, we volition proceed to empower planetary and home clients with high-value solutions. We firmly judge that the caller semiconductor subsidiary volition thrust next-generation innovations gathering the requirements of our customers.”

Cyient said: “This strategical determination strengthens the company’s committedness to innovation and excellence crossed the planetary semiconductor landscape.”

Driven by strategical integrated and inorganic growth, the caller subsidiary has already built teams crossed respective regions, including India, the US, Germany, Belgium, the Netherlands, and Taiwan.

Cyient enforcement vice-chairman and managing manager Krishna Bodanapu said: “Our imaginativeness is to align Cyient’s semiconductor capabilities with the nationalist docket acceptable by the Ministry of Electronics and Information Technology, aiming to physique a robust semiconductor ecosystem successful India.

“With the increasing request for high-performance semiconductor solutions, Cyient Semiconductors volition play a important relation successful providing end-to-end ASIC turnkey and IC plan services, supporting India's travel toward self-reliance successful the semiconductor ecosystem.”

Cyient Semiconductors aims to run successful the fabless semiconductor space, capitalising connected the increasing request for specialised semiconductor expertise, the institution added.

The institution noted that the planetary semiconductor market, which is presently valued astatine astir $600bn, is projected to scope $2trn by 2032.

"Cyient launches semiconductor subsidiary" was primitively created and published by Verdict, a GlobalData owned brand.

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