A new subsidiary acquires Cyient’s semiconductor technology business, focusing on designing and selling specialised analogue mixed-signal chips using a fabless model amid India’s semiconductor boom.
Cyient Ltd, an IT solutions company, has announced on Friday the expansion of its semiconductor business by setting up a fully-owned subsidiary.The subsidiary will focus on designing and selling specialised chips using a fabless model for analogue mixed-signal chips. The new subsidiary will acquire the integrated semiconductor technology business of Cyient.
The subsidiary will strengthen its position in the industry by delivering world-class specialised turnkey Application Specific Integrated Circuits (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.
Cyient provides engineering solutions for a digital and autonomous future. It claims to have over 600 IPs in a diverse range of functions and technology nodes. Some of its notable clients include Airbus, Deutsche Aircraft, and SkyDive.
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 $100 Bn by 2030, we are well-positioned to capitalise on the vast opportunities for growth and influence in this evolving market.
