Cyient announces set-up of a subsidiary for Semiconductor business

Hyderabad, India, July 12, 2024: Cyient Ltd, a global Intelligent Engineering company delivering solutions for a digital, autonomous, and sustainable future,  announced the strategic expansion of its Semiconductor business with the establishment of a fully owned subsidiary. This decision marks a significant leap forward in Cyient’s commitment to innovation and excellence across the global semiconductor landscape.

Mr. Krishna Bodanapu, Executive Vice Chairman & Managing Director of Cyient Limited, said, “We are excited to announce this strategic initiative that enhances our capabilities in Application Specific Integrated Circuit (ASIC) turnkey design and manufacturing. 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 USD 100 billion by 2030, we are well-positioned to capitalize on the vast opportunities for growth and influence in this evolving market.”

“Cyient’s credentials in the semiconductor electronics sector through Cyient DET and Cyient DLM have enabled us to set-up this subsidiary to drive a dedicated focus on turnkey ASIC design and chip sales through a fabless model for analog mixed-signal chips. This subsidiary ushers a new avenue of possibilities for Cyient to enhance value to our stakeholders and we are grateful for their continued support in this journey,” he added.

Cyient’s portfolio of over 600+ IPs covering a range of functions and technology nodes, long-standing engagements with key customers, and global capabilities give the Company the strategic edge to achieve significant growth. The subsidiary will strengthen the position in the industry by delivering world-class specialized turnkey 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 Receives Premier Award for Excellence from RTX for the 3rd Consecutive Year

Hyderabad, India, July 10, 2024: Cyient, a global Intelligent Engineering company delivering solutions for a digital, autonomous and sustainable future, announced that it has been honored with a Premier Award from its customer RTX, for the third consecutive year.

RTX has recognized Cyient, Ltd. with the Premier Award for performance in 2023 and overall excellence in Cost Competitiveness and Collaboration & Customer Service. The Premier Award is an annual recognition platform under the RTX Performance+ Program to recognize suppliers with superior performance and that have provided exceptional value to RTX in one of the four key categories: Cost Competitiveness, Technology & Innovation, Business Management, Customer Service, and Collaboration.

Karthikeyan Natarajan, Executive Director & CEO, Cyient, on receiving the award, said, “We are grateful for the trust and collaboration from RTX over the last 23+ years, which have been fundamental to our success. This prestigious award is a testimony to our customer centricity, commitment to excellence and solving problems that matter to our customers.”

“With such long standing collaboration, we continue to deliver Intelligent Engineering in Aerospace & Defence business for a digital, autonomous and sustainable future,” he added.

The award highlights Cyient‘s commitment to cost efficiency, technological advancements, and the highest standards of business management. It acknowledges Cyient‘s ability to collaborate effectively and provide exceptional customer service, further solidifying its position as a trusted and reliable partner. Over the course of 23+ years of engagement, Cyient offered 32+ million hours of engineering support across the product life cycle like design, manufacturing, aftermarket and digital.