Strengthens its decades of turnkey ASIC expertise.
This decision marks a significant leap forward in Cyient’s commitment to innovation and excellence across the global semiconductor landscape.
Hyderabad, India, July 2024: 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.
Mr. 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) forecasts 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 in a new avenue of possibilities for Cyient to enhance value for our stakeholders, and we are grateful for their continued support in this journey,” he added.
Cyient’s portfolio of over 600+ IPs covering a range of functions and technology nodes, long-standing engagements with key customers, and global capabilities give the company the strategic edge to achieve significant growth. The subsidiary will strengthen its position in the industry by delivering world-class specialized turnkey ASIC design and chip sales under focused and capable leadership, adapting to market cycles, and more effectively addressing this industry’s technology and capital requirements.
Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter
About us:
CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.
CIO News is a proprietary of Mercadeo Multiventures Pvt Ltd.
