Cyient: India-based Cyient launches IC design subsidiary with US$100 million investment

Engineering and technology solutions provider Cyient has launched a wholly-owned semiconductor subsidiary, Cyient Semiconductors, with a committed investment of US$100 million. The newly established entity will focus on delivering application-specific integrated circuit (ASIC) turnkey solutions, targeting high-growth sectors such as electric vehicles, smart meters, and industrial automation, reports the Times of India, The Hindu, and Hindu Business Line.