Cyient, a global leader in engineering and technology solutions, has launched its wholly owned subsidiary, Cyient Semiconductors. This strategic initiative reinforces the company’s dedication to innovation and excellence in the global semiconductor arena.
Building on Cyient’s longstanding expertise in semiconductor design, the new subsidiary will focus on scaling turnkey solutions for Application-Specific Integrated Circuits (ASICs). For over 25 years, Cyient has delivered end-to-end ASIC solutions and semiconductor design services across sectors including industrial, data centers, automotive, and medical. Backed by both organic and inorganic growth, Cyient Semiconductors has assembled high-performance teams across India, the U.S., Germany, Belgium, the Netherlands, and Taiwan.
“Our vision is to align Cyient’s semiconductor capabilities with the national agenda set by the Ministry of Electronics and Information Technology, aiming to build a robust semiconductor ecosystem in India. With the growing demand for high-performance semiconductor solutions, Cyient Semiconductors will play a crucial role in providing end-to-end ASIC turnkey and IC design services, supporting India’s journey toward self-reliance in the semiconductor ecosystem,” said Krishna Bodanapu, Executive Vice Chairman & Managing Director, Cyient.
Krishna Bodanapu further stated, “I am also happy to share that we have appointed Suman Narayan as the CEO of Cyient Semiconductors. Suman is an accomplished professional in the semiconductor space with a proven track record of managing large organizations, scaling semiconductor businesses, and driving digital transformation. His expertise in semiconductor products and ASIC development will be instrumental in shaping the future of Cyient Semiconductors.”
The semiconductor market is valued at approximately $600 billion and is projected to reach $2 trillion by 2032. The new subsidiary will tap into this high-growth opportunity, focusing on developing fabless semiconductor solutions while addressing the increasing demand for specialized semiconductor expertise.
“India is on the cusp of a semiconductor revolution, and Cyient is well-positioned to be at the forefront of this transformation,” said Suman Narayan, CEO of Cyient Semiconductors.
Suman Narayan further stated, “With our deep domain expertise, we will continue to empower global and domestic clients with high-value solutions. We firmly believe that the new semiconductor subsidiary will drive next-generation innovations meeting the requirements of our customers.”
Cyient’s strong IP portfolio, deep domain expertise, long-standing customer partnerships, and global capabilities will give Cyient Semiconductors the strategic edge to achieve significant growth.
