Cyient announces setting up of subsidiary for semiconductor business

Cyient Ltd on Friday announced the strategic expansion of its semiconductor business with the establishment of a fully owned subsidiary. This decision, the company said, marks a leap forward in Cyient’s commitment to innovation and excellence within India’s growing semiconductor landscape.

Krishna Bodanapu, Vice Chairman & Managing Director, Cyient Limited, said, “We are happy to announce this strategic initiative that enhances our capabilities in Application Specific Integrated Circuit (ASIC) turnkey design and manufacturing.