Cyient sets up a new subsidiary for its semiconductor business
Cyient Ltd launched a semiconductor subsidiary focusing on ASIC design/manufacturing with a fabless model. Mr. Krishna Bodanapu anticipates a trillion-dollar market by 2030. Cyient DET/DLM drive growth. Key factors include India’s Rs 1.26 lakh crore semiconductor proposals, Micron's OSAT unit, and incentives. Semiconductors are crucial in defense, automotive, and telecom sectors.
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