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Cyient is establishing a subsidiary to focus on its semiconductor business. This move will strengthen the company's capabilities in Application Specific Integrated Circuit (ASIC) turnkey design and manufacturing.

Executive Vice Chairman and MD Krishna Bodanapu stated that the global semiconductor market is projected to reach a trillion dollars by 2030. He added that Cyient is well-positioned to capitalize on this growth, noting that the Indian Electronics and Semiconductor Association (IESA) forecasts the industry to reach $100 billion by 2030.

The new subsidiary will acquire Cyient's integrated semiconductor technology business, allowing for a dedicated focus on turnkey ASIC design and chip sales through a fabless model for analog mixed-signal chips. This strategy will enable Cyient to more effectively address the industry's technology and capital requirements while adapting to market cycles.

On Friday, Cyient shares closed 3.41% higher at ₹1,836.30 apiece on the BSE.

About Cyient

Cyient (Estd: 1991, NSE: CYIENT) is a global engineering and technology solutions company.  As a Design, Build, and Maintain partner for leading organizations worldwide, Cyient takes solution ownership across the value chain to help customers focus on their core, innovate, and stay ahead of the curve. The company leverages digital technologies, advanced analytics capabilities, and its domain knowledge and technical expertise, to solve complex business problems.

With over 15,000 employees globally, Cyient partners with customers to operate as part of their extended team in ways that best suit their organization’s culture and requirements. Cyient’s industry focus includes aerospace and defense, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy.

Editor：Lulu

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