Cyient, a leading global engineering and technology solutions company, has announced the launch of its wholly owned semiconductor subsidiary, Cyient Semiconductors. This strategic move reinforces the company's commitment to innovation and excellence within the global semiconductor landscape.
Building on Cyient's longstanding expertise in semiconductor design, the new subsidiary will focus on scaling Application-Specific Integrated Circuit (ASIC) turnkey solutions for clients. For over 25 years, Cyient has delivered end-to-end ASIC solutions and semiconductor design services across industrial, data centre, automotive, and medical sectors. With a strategy centered on both organic and inorganic growth, Cyient Semiconductors has developed high-performance teams across India, the US, Germany, Belgium, the Netherlands, and Taiwan.
Krishna Bodanapu, Executive Vice Chairman & Managing Director, Cyient, stated:"Our vision is to align Cyient's semiconductor capabilities with the national agenda set by the Ministry of Electronics and Information Technology, with the goal of building a robust semiconductor ecosystem in India. With the rising demand for high-performance semiconductor solutions, Cyient Semiconductors will play a pivotal role in offering end-to-end ASIC turnkey and IC design services, supporting India's journey towards self-reliance in semiconductors."
He further announced: "I am pleased to share that Suman Narayan has been appointed CEO of Cyient Semiconductors. Suman is a seasoned professional in the semiconductor space with a proven track record in leading large organisations, scaling businesses, and driving digital transformation. His deep knowledge in semiconductor products and ASIC development will be key to shaping the future of Cyient Semiconductors."
The global semiconductor market, currently valued at approximately $600 billion, is projected to reach $2 trillion by 2032. Cyient Semiconductors aims to capitalise on this high-growth opportunity by developing fabless semiconductor solutions, addressing the growing global demand for specialised semiconductor expertise.
Suman Narayan, CEO of Cyient Semiconductors, said: "India stands on the brink of a semiconductor revolution, and Cyient is well-positioned to lead this transformation. With our deep knowledge of domain, we will continue to deliver high-value solutions to both domestic and global clients. We are confident that the new subsidiary will accelerate next-generation innovations and exceed customer expectations."
