Shares of Cyient Surge After Announcement of New Semiconductor Subsidiary

Cyient Ltd., a leader in intelligent engineering solutions, has announced a bold move to solidify its position in the burgeoning semiconductor industry. The company established a fully-owned subsidiary dedicated to chip design, marking a strategic leap forward in its commitment to innovation. This subsidiary underscores Cyient’s dedication to excellence within India’s rapidly growing semiconductor landscape.

“We are thrilled to announce this strategic initiative that significantly enhances our capabilities in turnkey ASIC design and manufacturing,” said Mr. Krishna Bodanapu, Vice Chairman & Managing Director of Cyient Limited. He highlights the immense potential within the industry, pointing to forecasts of a trillion-dollar global market by 2030 and a projected USD 100 billion Indian market by the same year. Cyient is strategically positioned to capitalise on these growth opportunities.

The new subsidiary leverages Cyient’s existing expertise in the semiconductor sector through Cyient DET and Cyient DLM. It will focus on turnkey ASIC design and chip sales through a fabless model for analog mixed-signal chips. This strategic move opens exciting new avenues for Cyient to deliver even greater value to stakeholders.

Cyient boasts a robust portfolio of over 600 IPs across various functions and technology nodes. Combined with their longstanding customer relationships and global reach, the company possesses a significant competitive edge for achieving substantial growth. The subsidiary will further strengthen its position by delivering specialized ASIC design and chip sales under focused leadership. This dedicated team will be well-equipped to navigate market cycles and effectively address the industry’s specific technological and capital needs.

Share Price Movement

Cyient Limited (CYIENT) is currently trading at per cent 1832.65, reflecting a gain of per cent 56.95 (3.21%) today. The stock opened at per cent 1780.20 and reached a high of per cent 1900.00 intraday. This positive movement comes despite trading near its 52-week high of per cent 2,457.00. The stock is currently within the upper price band of per cent 2,130.80, indicating some room for potential growth. It’s important to note the lower price band sits at per cent 1,420.60.

About Company

Cyient, founded in 1991, is a global engineering and technology solutions company that designs, builds, operates, and maintains products and services for leading brands in various industries. With over thousands of employees in various countries, Cyient partners with clients to operate as part of their extended team, focusing on aerospace, defense, healthcare, telecommunications, rail transportation, semiconductor, geospatial, industrial, and energy. The company takes solution ownership across the value chain, helping clients focus on their core, innovate, and stay ahead of the curve. Cyient leverages digital technologies, advanced analytics capabilities, and domain knowledge to solve complex business problems, ensuring safety, reliability, and performance in their next-generation solutions.

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