Engineering services company Cyient acquires 27.3% stake in Azimuth AI

Engineering services company Cyient today announced the acquisition of a 27.3 per cent stake in Azimuth AI, a fabless custom application-specific integrated circuit (ASIC) company known for its expertise in intelligent energy and power solutions. The financial details of the transaction were not disclosed.

This strategic investment marks a significant milestone in Cyient’s semiconductor journey and demonstrates the continued focus on driving accelerated growth in this industry.