Cyient Ltd, a global company specializing in Intelligent Engineering solutions for a digital, autonomous, and sustainable future, has announced the strategic expansion of its Semiconductor business through the establishment of a new fully owned subsidiary. This move underscores Cyient’s commitment to innovation and excellence within India’s burgeoning semiconductor landscape.
Mr. Krishna Bodanapu, Vice Chairman & Managing Director of Cyient Limited, expressed his enthusiasm about this strategic initiative, emphasizing its role in enhancing their capabilities in Application Specific Integrated Circuit (ASIC) turnkey design and manufacturing. With the global semiconductor market projected to reach a trillion dollars by 2030 and the Indian Electronics and Semiconductor Association (IESA) predicting industry growth to USD 100 billion by 2030, Cyient is well-positioned to capitalize on significant growth opportunities in this evolving market.
“Our experience in the semiconductor electronics sector through Cyient DET and Cyient DLM has paved the way for establishing this subsidiary, which will focus on turnkey ASIC design and chip sales under a fabless model for analog mixed-signal chips,” Mr. Bodanapu added. “This venture opens new avenues for Cyient to deliver enhanced value to our stakeholders, and we are grateful for their continued support in this journey.”
Cyient’s extensive portfolio of over 600 IPs spanning various functions and technology nodes, coupled with longstanding partnerships with key customers and global capabilities, provides the company with a strategic advantage for achieving significant growth. The subsidiary aims to reinforce Cyient’s position in the industry by delivering specialized turnkey ASIC design and chip sales under focused leadership, effectively addressing the technology and capital requirements of the semiconductor market.