Cyient sets up exclusive subsidiary for expansion of its semiconductor business

With the global semiconductor market expected to hit a trillion dollars by 2030, Cyient has announced the expansion of its semiconductor business by setting up a fully-owned subsidiary. The move is believed to improve the company's capabilities in Application Specific Integrated Circuit (ASIC) turnkey design and manufacturing.

Krishna Bodanapu, Executive Vice Chairman & Managing Director of Cyient 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.

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 the position in the industry by delivering world-class specialized turnkey ASIC design and chips sales under focused and capable leadership, adapting to market cycles, and more effectively addressing this industry's technology and capital requirements.