Cyient, a global engineering and technology solutions provider, has launched a fully owned subsidiary, Cyient Semiconductors. This step marks the company’s entry into the semiconductor sector as an independent business unit, focusing on the design and development of Application-Specific Integrated Circuit (ASIC) turnkey solutions.
Cyient has been active in the semiconductor domain for over 25 years, offering services across sectors such as industrial, automotive, medical, and data center applications. The new subsidiary is expected to build on this foundation, expanding its operations and capabilities through both organic and inorganic growth. Cyient Semiconductors currently operates teams in India, the U.S., Germany, Belgium, the Netherlands, and Taiwan.
The initiative is aligned with India’s national agenda to develop a strong semiconductor ecosystem. Krishna Bodanapu, Executive Vice Chairman & Managing Director of Cyient, stated that Cyient Semiconductors aims to support this effort by providing end-to-end ASIC and integrated circuit design services. The company’s strategy is to contribute to India’s goal of becoming more self-reliant in semiconductor production and design.
Suman Narayan has been appointed as the CEO of Cyient Semiconductors. He brings experience in managing large organizations in the semiconductor industry and has previously worked on scaling semiconductor businesses and digital transformation projects. His role will include overseeing the subsidiary’s growth and direction.
The global semiconductor market is currently valued at around $600 billion and is projected to reach $2 trillion by 2032. Cyient Semiconductors plans to focus on fabless semiconductor solutions to meet increasing demand in this space. According to Narayan, the company aims to offer specialized expertise and high-value solutions for both domestic and global clients.
Cyient intends to leverage its existing intellectual property portfolio, domain knowledge, and established customer relationships to support the growth of its new semiconductor arm. The company views this move as a way to position itself in a rapidly growing and strategically important industry.